Company Highlight

• The Group invested in King Marine Foods Co., Ltd., which operates as an importer, supply and sale of seafood and processed foods, both fresh and frozen foods. The Group holds51% of theshares through Spicy Synergy Co.,Ltd.This investment is to beone of the key factors in reducing the cost of the Group's core products and to expand the Group's retail food business is one of the company's business diversification plans.
• The Group has expanded its new food business under the Brand AKA SHABU, which offers a Japanese shabu restaurant that builds on a grill restaurant, has a fun atmosphere like sitting and dining at dusk in Shinjuku or Shibuya, Japan by opening the first branch at Central Pinklao.
• The Group continues to push forward the ZEN CARE policy by focusing on 3P, namely Planet Care.
• Environmentally conscious, People Care - Community and social development, Prosperity Care - Sustainable economic development through restaurants with a focus on reducing greenhouse gas emissions. reduce waste generation to return value to the environment sustainably in line with the ESG campaign, which is the key to the organization's business standards
• The Group has been selected as a Sustainable Stock (THSI) for the year 2022 for the 2nd consecutive year in the agriculture and food industry group from the Stock Exchange of Thailand. The score was 50 % in economic, socialand environmental dimensions.
• The Group received the Sustainability Model Organization award for supporting people with disabilities, which was presented by the SEC for the first year as a result of the Group's provision of employees with disabilities to work in the company both at the storefront and at the head office, as well as supporting the community of people with disabilities.
• The Group received a Corporate Governance (CG) rating for the year 2022 at the level of "Excellent" or 5 stars for the 2nd year according to the assessment by the Association for the Promotion of Institutions. Thai Director (IOD)

• To expand its retail business, the Group has invested in ZEN and Kosum Interfoods Co., Ltd (ZKC) by holding 51% of shares through Zen & Spicy Co., Ltd.This joint venture is considered an important business expansion for ZCG. The joint venture company will be the main production base to fully support the Company’s food and retail business expansion plans both in Thailand and abroad. It covers the production of seasonings, including products that are currently on the market, such as fermented fish sauce, dipping sauces, spicy salad dressings, fermented fish chilli paste, etc., and products that will be developed in the future such as fermented fish sauce (mixed with cannabis), etc. It operates out of contract manufacturing (OEM) for the operators in Thailand and overseas, which is a market with huge growth potential. There is also a plan to expand products under the Company’s brands.
• In May, the Group launched a new CRM system in form of “Zen Group Sookciety” application, which combines the member benefits of all 4 Japanese brands of Zen Group into a single application. This is in order to make it more convenient for members to eat and collect points for sharing discounts between affiliated brands. It is also considered a strategy to create Omni Channel of Zen Group through Big Data, making it easier to reach customers both online and offline channels. 12 Zen Corporation Group Public Company Limited Part 1.1 Page 13
• All restaurant brands in the chain have been certified with the symbol of hygiene safety standard “SHA” (Amazing Thailand Safety & Health Administration) from the Ministry of Tourism and Sports by the Tourism Authority of Thailand (TAT), Ministry of public health by the Department of Disease Control and Department of Health, Department of Health Service Support, government and private agencies in the tourism industry. This helps build consumer confidence in using the restaurant services of the Group.
• Received 3 awards in Thailand Franchise Award 2021event from the Department of Business Development, Ministry of Commerce. Khiang brand received Franchise Shining Star award, Tummour brand received 2 awards, Best Thai Food Franchise and Best Large Thai Franchise. This represents the quality standard of franchise business management of the Group.
• To be selected as Thailand Sustainability Investment (THSI) 2021 from the Stock Exchange of Thailand. This is a result of our commitment in developing business operations towards sustainable growth, balancing business practices, responsibility to stakeholders as well as environment, society and governance.
• Received the corporate governance (CG) rating of “Excellent” or 5 stars in 2021 from the Thai Institute Of Directors (IOD).
• In October, the Group introduced a new brand, “Khiang Kaeng Tai” which is a sub-brand of Khiang offering Southern food characterized by spicy taste and a variety of menus such as Fermented Fish Entrails Soup, Southern StirFried Pork with Yellow Curry Paste, Sour Soup with Shrimp and Southern Curry with Spareribs, etc. The first branch is at PTT gas station, Muang Thong Thani.
• The Group started to establish branches in the form of Cloud Kitchen to strengthen business expansion through delivery channels. The aim is to expand service points and reduce the risk of restaurant closures during the COVID-19 pandemic. At present, there are more than 3 branches in the form of Cloud Kitchen.

• The Group established a joint venture company under the name of “Gin Dee Yudee 2020 Company Limited” on February 18, 2020, with a registered capital of 30.0 million baht, in which the Group holds 25% stake through Zen & Spicy Co., Ltd. to faster and more efficiently expand the restaurants under the Khiang brand in 14 southern provinces
• ZRH reduced its registered capital of 225.0 million baht from 300.0 million baht, resulting in the remaining registered capital of 75.0 million baht

• March 2019, expanding ZEN Box in order to respond to the rushing consumer behavior with the food concept of Grab and Go focusing on healthy foods for good health in an urgent lifestyle. The menu mainly consists of various fish and fresh vegetables such as Maki Wrap, salads and various Onigiri.

The extraordinary meeting of ZCG 1/2018 on 18 September 2018 has approved the following:

• Conversion to a public company limited under ZEN Corporation Group (PLC)
• Change the share value from 10.0 Baht to 1.0 Baht per share.
• Increase the company's registered capital to 159,375,000.0 Baht comprising of 159,375.00.0 ordinary shares at THB1.0 each. The company allocated the ordinary shares as follow:
  • Right Offering additional 84,375,000 ordinary shares to existing shareholders. The company has settled additional ordinary shares as of 21 September 2018 and
  • Offering 75,000,000 new ordinary shares to public as its Initial Public Offering (IPO).
• After the ordinary share offering, the company's total registered capital would be 300,000,000.0 Baht, divided to 300,000,000 ordinary shares at THB1.0 each.