square meters. It is a model center for expansion of small-sized center in other appropriate locations. Lease and other expenses for such model center are relatively low, paving the way for expansion in

2018 primarily due to the US-China trade war and global uncertainty contributed negative impact on export growth. The growth of credit card business in Thailand continue expansion due to overall economic

cost, higher online travel agency costs, and employee costs to support the expansion of hotel business. 1Q18 EBITDA margin was 25.5%, compared to 23.0% of the previous year. In 1Q18, depreciation and

quarter. However, the Thai economy is expected to grow continually from last year, thanks to the expansion of exports and tourism sectors as well as an increase in government consumption. In addition, the

investment in business expansion, and the cash flows in operating activities in the future to execute the Restaurant Franchise Business Acquisition Transaction, which shall in no way affect the Company’s

the rising order for the Company’s energy drink from overseas market up until now and more product variety requirement, the Company decided to invest in capacity expansion for both bottling and canning

considered the rising order for the Company’s energy drink from overseas market up until now and more product variety requirement, the Company decided to invest in capacity expansion for both bottling and

back expected +4-5% range. We expect the overall burnt and crude product market contraction in 2020 and expansion in 2021 to be in the same range. This being said, we do not expect further major

THB 114.6 Mn to THB 126.7 Mn respectively, an increase of THB 12.1 Mn or 10.6%. This increase was mainly due to (1) increased staff to support the expansion of branch for both the restaurants which the

the previous year due to continue an increase of export and private consumption, as well as an expansion of private investment. In addition, there were supporting factors from domestic demand from the