payables to suppliers linked to the company selling raw materials to franchisees. Shareholder Equity As of 31 December 2016, and 31 December 2017, the Group had shareholders’ equity of THB 269.1 Mn and THB

September 2018, the Group had shareholders’ equity of THB 365.6 Mn and THB 434.9 Mn respectively, an increase of THB 69.4 Mn. This increase in shareholders’ equity was due to (1) operating profit during the

Mn, offset by a decrease in dividend payable of THB 303.8 Mn. Shareholder Equity As of 31 December 2016, and 31 December 2017, the Group had shareholders’ equity of THB 269.1 Mn and THB 365.6 Mn

December 2017, and 30 September 2018, the Group had shareholders’ equity of THB 365.6 Mn and THB 434.9 Mn respectively, an increase of THB 69.4 Mn. This increase in shareholders’ equity was due to (1

, 2018, the latest shareholders registered book closing date. (3) General Explanation regarding Nature of the Connected Transaction Details of the connected transaction regarding the receipt of financial

, the debt to equity ratio stood at 0.12 times. Shareholders’ equities As of December 31, 2018, the shareholders’ equities decreased by 38.78 million baht or 2.45% year-on-year to 1,546.51 million baht

370.58 -2.17 -0.58 178.13 92.56 Long-term Liabilities 74.59 91.99 90.08 -1.01 -1.09 15.49 20.77 Equities 436.51 718.08 764.33 49.88 6.95 327.82 75.10 Total Liabilities and shareholders’ equity 703.55

Liabilities and shareholders’ equity 703.55 1,182.82 1,224.99 46.71 3.95 521.44 74.12 • Assets and liabilities in Q4/2018 are increased comparing with Q4/2017 because of the transaction of takeover FKR in

1,113.20 996.70 116.50 11.69% Total Revenue 1,117.55 1,004.22 113.33 11.29% Net Profit for the Year 208.53 181.47 27.06 14.91% Net Profit for Shareholders of the Company 174.29 148.30 25.99 17.53% For the

3,265.9 (0.7) Current Liabilities 1,100.0 1,093.4 0.6 Non-Current Liabilities 314.3 299.4 5.0 Total Liabilities 1,414.3 1,392.8 1.5 Total Shareholders’ Equity 1,830.1 1,873.1 (2.3) Current Ratio (times