audit firms of the SEC-approved auditors to allow OAG officers to observe their overseas branches. This collaboration will give OAG officers an opportunity to exchange knowledge and experiences on audit

was an increase of THB 333.3 Mn or 15.3% and was mainly due to the increased in revenue from sales and service. The reasons for the increase was mainly due to (1) the opening of new branches, (2) the

) positive same-store-sales growth during 2017, (2) opening new branches and (3) increased sales of raw material to franchisees. Franchise fees income increased from THB 15.1 Mn in 2016 to THB 56.5 Mn in 2017

year by Baht 21.2 million or is equal to 5.5%. The main reason came from the spread of the COVID-19 virus which affected to the Company’s branches, where located in department stores, were closed by the

of asset management companies, securities companies and bank branches for investors? investment decision making. We believe that the Project will raise public awareness in starting investment plan at

the company has opened a total of 547 branches. In terms of revenue from domestic restaurant and bakery business decreased by 2. 1 percent or 128 million baht, with the same store sales of domestic

(Decrease) Amount % Bangkok and vicinity/2 96.75 85.30 11.45 13.43 Other provinces/3 19.79 15.34 4.44 28.95 Total 116.54 100.64 15.89 15.79 Bangkok and vicinity/ 2 Total 21 branches have been operated before

. 31, 19 Dec 31, 18 Amount % Bangkok and vicinity/2 419.08 383.93 35.15 9.16 Other provinces/3 87.24 72.10 15.14 21.00 Total 506.33 456.03 50.29 11.03 Bangkok and vicinity/2 Total 20 branches have been

Management Discussion & Analysis 2022 1 I 9 Branches upcountry 86% Bangkok and vicinity 14% Revenue structure categorized by business groups (Unit : Million Baht) 2021 2022 Increase (Decrease) %YoY Amount

from the package foods including with foods service in convenience stores and modern trade outlets. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) In the second quarter of year