time, KBank continued to consolidate branches to reduce redundancy, especially those with relatively low traffic. In the third quarter, KBank introduced Happy Loan Center at two locations, which is a new
locations Catering / Pop-up 3 1 Franchise Fee Income 4 • Revenue recognition of initial franchise fee and franchise royalties from “After You” Hongkong and “Mikka” • *Actual franchise fee recognized in 2020
Company’s trademark or per customers’ demand • Catering services such as parties, wedding receptions, restaurants or any events • Pop-up store sales in various locations • Revenue recognition of initial
or per customers’ demand • Catering services such as parties, wedding receptions, restaurants or any events • Pop-up store sales in various locations • Revenue recognition of initial franchise fee from
trademark or per customers’ demand • Online sales products and Head office pick up • Catering services such as parties, wedding receptions, restaurants or any events • Pop-up store sales in various locations
’ demand • Online sales products and Head office pick up • Catering services such as parties, wedding receptions, restaurants or any events • Pop-up store sales in various locations • Revenue recognition of
locations • Revenue recognition of initial franchise fees, other fees and royalty fees from “After You” franchise in Hongkong and “Mikka” franchise store Catering, Events A N D P O P - U P Franchise F E E I N
pick up • Catering services such as parties, wedding receptions, restaurants or any events • Pop-up store sales in various locations • Revenue recognition of initial franchise fees, other fees and
parties, wedding receptions, restaurants or any events • Pop-up store sales in various locations • Revenue recognition of initial franchise fees, other fees and royalty fees from “After You” franchise in
future. The number of service stations as of the end of the quarter was 1,082 stations, with 12 new locations; large size station with modernized aesthetic, along with non-oil businesses to increase