internal rate of return (EIRR) of not less than 20 percent. 9. Expected benefit Based on statistics of foreign tourists from the Department of Tourism in 2016, there are approximately 32 million foreign

expenses during operation for approximately Baht 80,000,000 3. Working capital for operation for approximately Baht 20,000,000 9. Expected benefit Based on statistics of foreign tourists from the Department

consumption from private sector. However, expenses from the government sector, and tourism industry sector continued to increase, partly benefited from the return of Chinese tourists, and a decline of the

and caused a material fall in in number of tourists especially from China which is our target customers. The number of Chinese tourists slid about 1% from the same period last year (source

affecting tourism in Thailand still emerged and caused a material fall in in number of tourists especially from China which is our target customers. The number of Chinese tourists slid about 8 % from the same

invested in system to improve production efficiency but the amount of investment was still minimal. Tourism continuously expanded in all region, in line with increases of Thai and foreign tourists even

, negative factors affecting tourism in Thailand still emerged and caused a material fall in in number of tourists especially from China which is our target customers. The number of Chinese tourists slid about

the full-quarter impact of the COVID-19 pandemic, the unrecovered household consumption, and the decrease of foreign tourists. Gross Profit and Gross Profit Margin • The Company’s gross profit in Q1

percent in the seaweed snack market. However, in the second half of the year, the Company was partially affected by the decreasing number of Chinese tourists since August – November, with a positive sign

promotional activities, along with its proactive business of Hinoya Curry shops from Japan and the recovery of Chinese tourists with a growth of 4 percent from that of the previous year. International sales