. Therefore, the Company is expecting that the investment in such leasehold will create opportunities and support the expansion of real- estate business which is a core business of the Company in the long term

. Decrease in cash, cash equivalent and short-term investments of THB 1,050.7 mm, which was mainly from higher capital expenditure, align with the Company expansion. 5. Decrease in cost of real estate

expenses of 9.89% year on year was derived from higher employee expenses to support more workloads and more units from business expansion of the Company and its subsidiaries. Table 8: Administrative Expenses

for Dean & DeLuca stores expansion globally. Country Company-operated Stores Licensed Stores Total United States 1 - 1 United States (Hawaii) - 2 2 Thailand 10 1 12 Japan - 47 47 South Korea - 2 2

quarter does not have administrative expenses and expenses related to feasibility study research on new domestic and international projects for the business expansion of the Company like in the previous

for overseas business expansion. Additionally, the Company continued to be adversely affected by news related to manufacturers of substandard products and the closure of the biggest wholesale skincare

between the US and China, and the global economic slowdown. The economic forecast for 2019 is for the country to continue to grow at a slower rate than prior year; the expansion of consumption is expected

inventory space for efficiency stock management and future expansion in the new site. The company has extended the new products in retail channel e.g. galvanized paints, welding wire including I-RETAIL

future expansion in the new site. The Company has extended the new products in retail channel e.g. galvanized paints, welding wire including I-RETAIL business. The Company had also extended the

approved the restructuring of the Company’s assets by selling Dusit Thani Maldives (DTMD) in order to raise funds for business expansion. The Company will invest in units of Dusit Thani Freehold and