Zen Corporation Group Public Company Limited to inform that according to Haad Thip Public Company Limited (HTC) has informed the Stock Exchange of Thailand that HTC's Board of Directors has approved the dissolution of the business of KindeeYuDee 2020 Limited, a joint venture of the Company as per following details: Joint Venture Company: Kindee Udee 2020 Co. Ltd. Type of business: food and beverage sales business. Registered Capital: a registered and paid-up capital of THB 30,000,000 (300,000 ordinary shares with a par value of THB 100 per share).

Shareholding proportion: Zen & Spicy Company Limited, a subsidiary of the Company holds 25% of shares (The Company holds 100% of shares in Zen & Spicy Co. Ltd.). Dissolution Reason: Due to continuous operating losses and unfavorable operating conditions.