royalty and marketing fee rates for those franchisees renewing their franchise contracts. Other revenue grew from THB 21.2 Mn in 9M17 to 35.0 Mn in 9M18, an increase of THB 13.8 Mn or 64.9%. This increase

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, Bangkok 10250 THAILAND Tel

and the two-year period shall be counted from the 1st day of January of the following year. Clause 9. In renewing for approval to be listed in the register of person qualified to be property fund

approval takes effect as from the approval date and the two-year period shall be counted from the 1st day of January of the following year. (Translation) -5- Clause 9. In renewing for approval to be listed

approval takes effect as from the approval date and the two-year period shall be counted from the 1 st day of January of the following year. (Translation) -5- Clause 9. In renewing for approval to be listed

reasons: 1. In 2018, Management focused on renewing the contracts with appropriate profit margin. 2. The revenue of engineering service increased. 3. Solar energy began to recognize revenue for the whole

renewing their franchise contracts. Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 Item For the Year Ending 31 Dec 2017 2018 Net Number

(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

renewing contract in the future, it will propose that the Audit Committee reviews terms and conditions before inking any contract renewals. Comments from the Audit Committee. Connected persons/ juristic

million. due to the following reasons: 1. In 2018, Management put emphasis on renewing the contracts with more margin projects. 2 . Solar energy began to recognize revenue for the whole six-month month