herewith explanation and analysis of the Management as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2018 2017 2016 Increase (decrease) 2018-2017 1.1 Construction material 233.01

(decrease) 2020-2019 1.1 Construction material 216.36 262.61 233.01 (46.26) -18% 1.2 Real estate 41.18 46.64 8.64 (5.46) -12% 1.3 Total income 257.54 309.25 241.65 (51.71) -17% 2. Gross profit (% of sales

hereby clarifies the changes in the performance as follows: FINANCIAL PERFORMANCE FOR THE YEAR OF 2018 Consolidated Financial Statements 2017 2018 Increase/(Decrease) THB mm THB mm THB mm % Total Revenue/1

2020 1,089,102 Increase 45,146 Decrease (15,346) Deduct Depreciation (109,544) At 30 June 2020 1,009,358 3 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250

/2017 Increase (decrease) Consolidate financial statement TOTAL ASSET 1,176.17 1,214.62 (38.45 ) (3.17%) TOTAL LIABILITIES 718.09 668.88 49.21 7.36% TOTAL SHAREHOLDER EQUITY 458.08 545.74 (87.70) (16.06

factors in the decrease was (1) reversal of provisions for decommissioning costs and (2) a decrease in short term borrowing from financial institutions. Shareholder Equity As of 31 December 2017, and 30

8.1%. The main factors in the decrease was (1) reversal of provisions for decommissioning costs and (2) a decrease in short term borrowing from financial institutions Shareholder Equity As of 31

total liabilities of THB 1,095.4 Mn and THB 467.5 Mn respectively, a decrease of THB 627.9 Mn or 57.3%. The main factor in the decrease was repayment of loans from financial institutions. Shareholder

subsidiaries’ construction income was Baht 35.57 million whereas Baht 64.20 million in the same quarter of 2017 showing a decrease of Baht 28.63 million or representing 44.60 % decrease since there have been

decrease of THB 8.5 Mn or 24.3%. This decrease was mainly due to the Group had other income from the reversal of the provision for decommissioning costs of THB 17.3 Mn in the 2nd quarter of 2018. However