shares from the former shareholder of Smart Traffic Co., Ltd in year 2016. 3 . Profit from the sale of fund invested in the associated company was Baht 7.13 million. The Company sold the ordinary shares of

has adjustment on production process and management in term of electricity to be more efficiency as well as management in term of fuel 2 (3) Expenses Quarter 1-2020 company and its subsidiaries has

to maintain profitability through effective marketing to boost sales, while increasing efficiency in the management of raw material costs and other expenses. Nonetheless, from the aforementioned

%) Loan from shareholder 4 4 Advances received from customers 62 203 (229%) Other payables and accrued expenses 7,244 7,147 1% Accrued interest expenses 5,322 4,937 7% Provisions 384 270 30% Other current

Statement (Consolidated) Unit : Million Baht 2Q/19 1Q/20 2Q/20 %QoQ %YoY 1H19 1H20 %YoY Operating and administrative expenses and others Bad debts and doubtful accounts Finance costs 2,293 1,593 557 2,086

% 9,898 10,461 6% Operating and administrative expenses 1,985 1% 3,895 4,018 3% 3,489 3,672 5% Expected credit loss 1,851 -8% 3,231 3,415 6% 2,618 3,334 27% Finance costs 468 4% 901 905 0.4% 939 946 0.7

Cathleen Maleenont, who is the director and the major shareholder of the Company (“Transaction”). The disposal of shares of TSE pursuant to the Notification of Capital Market Supervisory Board No. Tor. Jor

per share are issued and allocated to existing shareholder entitled shares to be set on July 6, 2018 (the Record Date). The newly-issued ordinary shares will be allocated to the existing shareholders at

priority and through 2 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 controlling expenses and other various actions the group has been

has planed to generate more fee base incomes in the future. Expenses In the nine-month period, the consolidated expenses that consisted of operating and administrative expense, bad debt and doubtful