increase of THB 13.1 Mn or 23.2%. This increase was mainly due to the (1) the increased number of franchise branches (2) adjustment increasing the royalty and marketing fee rates for those franchisees

, respectively, due to increased revenue from the sales strategy adjustment of the WICE company Logistics (Hong Kong) Limited. Increased revenue from air cargo management, which is considered the main revenue of

(2) adjustment increasing the royalty and marketing fee rates for those franchisees renewing their franchise contracts. Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang

%, primary by higher Gross Profit of High-Valued Document. Excluding extra expenses that are combined as part of the cost of sales in 2Q19. Consisting of the impact of the legal adjustment of compensation for

result of the adjustment of the provision for obsolete and slow-moving 4 inventory in the first quarter of 2019 in order to better classify product inventory shelf life, depreciation, and obsolescence, the

expense decreased mainly because of an adjustment of staff costs to be in line with the company’s operating performance, while the increase was due to an additional amount of provisions set aside for

to The Company 48.29 43.84 10% 224.70 109.75 105% * Non-cash items included depreciation as well as accounting adjustment (ie provision of staff benefit and SW income) Page 2 of 4 outside checkup

adjustment in provision for rental revenue guarantee of the Veranda Residence Pattaya of 3.48 THB mm and increase of reserve for long-term employee benefits of THB 1.25 mm. Total amount of 4.73 THB mm are

from adopting new Thai Financial Reporting Standards (TFRS), TFRS No.9: Financial Instruments and TFRS No.16: Leases, in the current period financial statement by adjustment in brought- forward retained

, 2017 to THB 75.27 million from the three months period ended March 31,2018. This was mainly due to the deferred product delivery from the package adjustment to match with the requirements of China Food