expected to be set up. Opening Date of After You Outlet in Hong Kong may be Postponed due to Political Unrest After You has consistently launched Seasonal menus and To-Go products Through consistent R&D

expenses did not increase significantly. Management Discussion & Analysis YE 2019 Summary of new products in 2019 Through consistent R&D effort, After You continues to develop both in-store and To-Go menus

% YoY), or net profit* margin of 12.0% 2019 Business outlook Osotspa 2019 strategy and revenues growth target are consistent with mid-term strategy guidance, which the Company expect revenues to grow mid

Company earns consistent revenue and manage assets at the utmost benefits. • Additional revenue from other service businesses include outside catering (Dusit Event), housekeeping services (Dusit on Demand

in TTW from investment in associated company to investment in available-for-sale securities, which consistent with the investment proportion and the purpose of the Company investment. The Company

other businesses within the partner’s territory. After You has consistently launched To-Go products. Through consistent R&D effort, After You has been continuously innovating variety of to-go products

basis that is consistent with the pattern of revenue recognition. Under the previous accounting policy, the Company and its subsidiaries immediately recorded commission as selling expenses when the

determined that commission paid to obtain a customer contract should be recorded as an asset and amortized to expenses on a basis that is consistent with the pattern of revenue recognition. Under the previous

contract should be recorded as an asset and amortized to expenses on a basis that is consistent with the pattern of revenue recognition. Under the previous accounting policy, the Group immediately recorded

expanded its service area to more major provinces across Thailand such as Lampang, Khun Kaen, Chonburi, Rayong and Phuket which is consistent with its strategic plan to increase number of pop-up stores