Mutual Recognition of Funds between Hong Kong Special Administrative Region of the Peoples Republic of China and Thailand

Additional Provisions for Establishment and Management of Mutual Funds under the Mutual Recognition of Funds between Hong Kong Special Administrative Region of the People?s Republic of China and

increase 1.58 million baht or 97.47% due to recognition of selling and service expenses of subsidiaries in renewable energy business and real estate development business.

2017, with an increase of 87.21 million Baht or 8 2 . 4 8 %. This was mainly due to the recognition of Universal Worldwide Transportation Limited's revenues in quarter 2. And the company got the new

38.16 million or 68.15% from THB 56.00 million to THB 94.16 million. The recognition of license fee for products installed and growth in recurring services of HR Solution results in an increase in net

section Compared to the previous Page 3 of 4 year, an increase of 125 .90 million baht or 100% is due to the recognition of Euroasia Total Logistics Co., Ltd., which has cross-border land transportation

. which is held 51% by the Company starts to recognize revenue. 1.3) Revenue from Real Estate Development increase THB 80.79 million due to starting of revenue recognition of the subsidiary. 1.4) Revenue

period ended 30 April 2019, INGRS registered sales revenue of Baht 752.82 million, an increase by Baht 41.82 million or 5.9% from the 3-months period ended 30 April 2018 of Baht 711.00 million. The

profit of THB 44.48 million or earnings per share of THB 0.04 in 1Q2018, an increase of THB 83.12 million or 186.86%. Details were as follows: Operating results 2018 2017 Increase (Decrease) % Real Estate

, an increase of THB 41.4 Mn or 274.2%. This increase was mainly due to the (1) full year recognition of franchise fee and (2) the increased number of franchisee branches. Zen Corporation Group Public