agreements of which all transaction of franchise is in the investigating process. 5 Revenue from franchise In consolidated financial statements, revenue from franchise arises from the revenue recognition of

, 2 0 1 8 and September 3 0 , 2 0 1 7 , the Company had a total of 48.76 million Baht in 2018 and 42.11 million Baht, respectively, an increase of 6.65 million Baht or 15.79% due to recognition of WICE

brand recognition in various countries with potential growth, e.g., China and USA, etc. Administrative Expenses The company has the administrative expenses in the third quarter in the amount of 72.5

Creative Village Group to the current holding of 6.91%; as a result, the Group has deconsolidated the earnings reports starting Q2 onwards. There was a THB 38.72 million income recognition from such

quarter of the previous year (decreased by 0.2 percent from Q1/2020). The increased expenses primarily were due to recognition of the closure of 7 branches of Tao Kae Noi Land, which amounted to 5.3 million

country. Furthermore, the profit improvement is due to how the company has managed the products more efficiently after expanding of warehouse as well as brand recognition marketing keep more stability on

onerous project contract of transmission and telecommunication towers in the amount of THB 19.61 million due to recognition of revenue and profit margin from such project with lower production cost than

THB 6.53 resulted from revenue recognition of The Rich Rama 2 project in the first quarter of 2018. Moreover, other administration expense does not change significantly. The Company’s other expenses for

Company recognized past service cost as an expense in statement of comprehensive income due to the recognition of additional legal severance pay rates for employees who have worked for an uninterrupted

decreasing from the same period in 2018, representing 50 percent and administrative expenses the decline was 42 percent, which resulted in the recognition of gains above. Please be informed accordingly. Best