completed. On the other hand, there are many projects which has been signed and some projects are pending for contract signing which revenue will be recognized in the second quarter of 2020. The cause of

and changes and adjustment of the construction design, work suspension or delay due to change in construction design. Many projects are gradually completed. Concurrently, many new projects have been

construction design. Many projects are gradually completed. Concurrently, many new projects that have been signed into contract or about to be signed which will allow the Company to begin to recognize revenue

, or 5.2 % increased from Q1/2017 in Baht 34.5 million of which Baht 672.2 million was revenue from sales. The Company had successfully recorded a sales growth of Baht 30.3 million, or 4.7 % year-over

increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees

of THB 375.9 Mn or 21.3% and was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth and (3) the increased sales of raw material to franchisees. Franchise fees

% from 2018 when the sales was 1,289.59 million baht. Resulted from Sales growth factors: (A) Cold Beverage in Dispenser, increase from gaining new outlets and launching new flavors (B) increase in number

Million, increased by Baht 73.7 Million or 2.6% from the previous year of which Baht 2,837.0 Million was revenue from sales. The Company had successfully recorded a sales growth of Baht 128.2 Million, or

% of the total increase from the same period of last year; while the other 30% is from the growth of revenue from other subsidiaries. For the Company, the installation of new machines throughout the year

is poised to continue in 2018. The Thai GDP expanded by 3.8% in the first 9 month of 2017, (following the growth of 3.3% in the first 9 month of 2016)1. The growth supported by a marked upturn in