of increasing working capital of GJ Steel in order to increase sale and maintain continuous HRC production for local market (Separate: Baht 170 million, decreased by Baht 16 million QoQ and decreased

new information about the market and consumer behavior in each demographics. Expansion of “Mikka” Café Franchises As of 31 December 2022, The Company has Mikka Café under the Company’s management and

permanent dessert café branch instead due to positive feedback from market testing. • Revenue from Franchising in Q1/2023 was THB 5 million, increased by THB 2 million or 67% from Q1/2022 due to increase in

feedback from many pop-up stores which was used to test the market. • Revenue from Franchising in Q2/2023 was THB 5 million, increased by THB 1 million or 25% from Q2/2022 due to an increase in revenue of

into the sign of Share Sale and Purchase Agreement, including transfer of related brand names from the selling shareholder(s). According to the Notification of the Capital Market Supervisory Board No

, including transfer of related brand names from the selling shareholder(s). According to the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material

as well as entered into the sign of Share Sale and Purchase Agreement, including transfer of related brand names from the selling shareholder(s). According to the Notification of the Capital Market

.2535 (1992), as well as a disposal of assets of the Company pursuant to the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions

addition, the Company continued to be negatively impacted by news related to manufacturers of substandard products and the closure of the biggest wholesale skincare market in the country since last April

further to other potential countries and is in the process of conducting market feasibility studies in certain markets. Apart from that, the Company was adversely affected by the compliance with the new