(Overseas) Mikka Cafe New Brand Perspectives on Thai economy in 2022 • The Thai economy is expected to recover gradually in 2022. During the first half of the year, slow recovery is expected due to the

Havens” (since 2018) proving luxury villa management services and Epicure “Catering” (ECC) (new investment in 2019), providing catering services to international schools; 2) Sales of assets or investments

management business under Elite Havens brand in Europe and Australia to mitigate the geographic concentration risk; • Asset portfolio rationalization. The Company has been actively managing its hotel assets to

Company has to recognize loss from allowance goodwill and intangible assets (international expansion) from the beauty business of THB 1,858 million. The consolidated loss of YE 2017 is THB 2,415 million

to recognize loss from allowance goodwill and intangible assets (international expansion) from the beauty business of THB 1,858 million. The consolidated loss of YE 2017 is THB 2,415 million

lower-middle income earners to lower-middle to upper ones but the affordable price strategy is still retained. Secondly, the brand image is to be developed together with the market segmentation. Thirdly

equivalent to 73.21%) and from other revenues: interest income, gain on sales of assets, rental and relative service income, training income and tour guide income increased by a small amount. Cost of services

profit from related technology business, the higher administrative expenses i.e. doubtful accounts - trade and other receivables, impairment loss on assets and the higher finance cost. As a result, overall

has started to significantly contributed to Y.2020 sales increase. Revenue from Consulting Service and Implementation specialized in Brand Strategy Planning, Customer Experience Management and Digital

income. The income base has been expanded to include rental property business as it is one way to efficiently manage the Company’s assets while purchasing power is decreasing as well as to reduce risks