, delivering a solid operating revenue of THB 199mn, an increase by 4.9% QoQ and 9.6% YoY. The Company reported net profit of THB 51mn, increased by 36.9% QoQ and 26.0% YoY. For more details of the Company’s

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 6 May 2021 No. ZEN 2564-009 Subject Management Discussion and Analysis for the 1st

onwards to prevent the spread of the virus. As a result, the sales revenue Sabina Retailer, which is expected to be sold in March 2020, is lower than the company's target. Such situation ,the company has

35% EBITDA 83 96 16% 142 177 25% Net Profit (Loss) for the Company 34 43 26% 49 77 57% Gross Profit Margin (%) 63.9% 64.2% 0.3% 62.4% 64.1% 1.7% EBITDA Margin1 (%) 35.5% 31.8% (3.7%) 32.6% 31.1% (1.5

owner bolstering in online platform, at the proportion of 85% and 15% respectively. The Company believes that not only Woody C Lock shall curtail a certain growth amid more health concerned consumers and

person assigned by the board of directors of the securities company to be ultimately responsible for the management of the securities company regardless of what the title may be; “person with power of

directors of the securities company to be ultimately responsible for the management of the securities company regardless of what the title may be; “person with power of management” means a deputy manager, an

; “manager” means any person assigned by the board of directors of the securities company to be ultimately responsible for the management of the securities company regardless of what the title may be; “person

channels in digital era. This will enable the Company to adapt to adapt itself to the change of customers’ behavior in media industry in a digital era such as website, online society media, mobile phone and

1 2017 MD&A: PACE Development Corporation PLC. Executive Summary For the second quarter of 2017, 3-month operating period ended June 30th, 2017 (“Q2 2017”), the total revenues of the Company was