United Kingdom The Company has set up new operation in United Kingdom to expand DEAN & DELUCA. United Kingdom is a key region which has large opportunity for growth. The first store will be opened by end

Discussion and Analysis (MD&A) for year 2017 3 Executive Summary In overall 2017 performance, the Company had significant improvements in various areas such as production increase to 875,874 tons, sale volume

on Q1/2018 Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 3 Executive Summary In overall 2017 performance, the Company had significant improvements in various areas such as

. Negotiation of management with various manufacturers and distributors to extend the payment period longer from the previous period these resulted in a decrease in payment cash flow. 3. Unearned Income has

., Ltd (“ECC”) which engages in the food and beverage catering business. At present, ECC provides its services to international schools in South East Asia region. Initially, the Company invested 51% in ECC

Cafe in Hong Kong. Additionally, the company continued to seek opportunities for growth beyond Hong Kong. The Company plans to sign a franchise contract with partners in the CLMV region to open more

CLMV region in Phnom Penh, Cambodia. Significant Event a n d B u s i n e s s D i r e c t i o n : Trends of the restaurant business in Thailand (Billion THB) Forecast of the Thai restaurant market in 2023

region in Phnom Penh, Cambodia. 242.4 228.1 283.1 319.3 350.9 381.2 412.4 2020 2021 2022 2023 2024 2025 2026 Grand Opening of "Someday in Copenhagen“ (Specialty Coffee Shop) In mid-March 2024, the Company

which its office locates in the Hong Kong Special Administrative Region of the People's Republic of China and being the licensee who is authorized to broadcast live Premier League, UEFA Champions League

Caravan chose to hold its first activity in Khon Kaen as it is a large province in the northeastern region with economic potential and which is also the model province with digital development under the