provident fund under the laws on provident funds; (Translation) 2 “Open-end fund” means any mutual fund which accepts the redemption of its investment units; “Management company” means any mutual fund
after testing the market with the “Pop-up Store”. In addition, the Company plans to open 5 more After You dessert store by 2022 namely Terminal 21 Rama 3 branch, Queen Sirikit National Convention Center
one in October at The Mall Bang Khae. Luggaw is a fruit-focused brand that sells a variety of products made from Thai fruits. In 2023, the Company plans to open 2 additional Luggaw branches in Bangkok
distribution channels for retail businesses. And opening 4 branches, in cooperation with business partners Dynasty Ceramic Public Company Limited (DCC), which is the owner of the selling point for ceramic tiles
last year. Furthermore, the early rainy season has adversely affected the sales of cooling items, and the opening of new stores in the vicinity of existing stores in Bangkok at Rama 9 and Srinakarin has
total selling expenses per total revenue effectively. The part of the staff expenses came from the well prepared for opening new branches, thus, staffs had to train 70- 90 days in advance. The company had
opening of new branches, (2) positive same-store-sales growth and (3) increased sales of raw material to franchisees. Franchise fee income increased from THB 56.5 Mn in 2017 to THB 69.6 Mn in 2018, an
% and was mainly due to (1) the opening of new branches, (2) increased sales of raw material to franchisees and (3) increased sales of retail merchandise. Franchise fee income increased from THB 13.0 Mn
mm, representing a growth rate by 99.91% from 2018, due to the opening of 2 additional food and beverage branches Page 2 in June 2019, which are Skoop & Co, Thonglor and Skoop & The Alley, Chiang Mai