made up 98.9% and 96.8% of total revenue, respectively. And for the 1st half of 2019 and 2020 revenue from sales of food and beverages made up 99.0% and 97.9% of total revenue, respectively. 4 Zen

and its subsidiaries had total shareholders’ equity of Baht 3,776.69 million decreased from Baht 3,959.51 million as of December 31, 2019 of Baht 182.82 million or -4.62% from recognized loss profit of

expenses until the end of Q3/2020 since retail traffic does not rebound to the pre-pandemic level. At the same time, the Company has also saved administrative expenses from offering head-office employee to

from “After You” Hongkong, Initial franchise fee and royalty fee from “Mikka” sales • *Actual franchise fee recognized in Q3/2020 was THB 0.75 million Management Discussion & Analysis Q3/2020 • Revenue

100 – 500 MB. In this regard, the large projects in which the Company has recognized revenue in 2020 such as The New Parliament Project in Information and Communication Technology, The Purchasing and

ending of tax benefit recognized from 2016-2020 (Reference: Royal Decree No. 604 dated 18 April 2016). The effective tax rate was at 18.2%. Profit In 2Q21, EBITDA as Bt23,006mn increasing 3.2%YoY and 1.9

] the code of ethics and standards of professional conduct as defined by the associations related to securities business or by organizations in connection with securities business recognized by the SEC

Café Branches In the previous year, the Company opened a new brand called "Luggaw" that focuses on selling products made from Thai fruits. The brand received a positive response from health-conscious

started production yet. Purem AAPICO reported launch cost during this pre-operating period while revenue will be recognized once start production in September and December 2023 for Malaysia and Thailand

projects of the government and state enterprises have slowed down and increased more competition in the market. The majority of the Company's revenue recognized in 2023 comes from government and state