, wedding receptions, restaurants or any events • Pop-up store sales in various locations Catering / Pop-up 3 4 1 Franchise Fee Income 4 • Revenue recognition of initial franchise fee • *Actual franchise fee

less than the decreased in revenue due to cost savings in various parts. In addition, sales and marketing activities have also decreased during the COVID-19 epidemic. Administrative expenses

revolving credit facilities 7,870 million baht and 3,000 million baht unused committed facilities with various financial institutions which is enough to drive the Company’s operation. The Company also has the

enables the investors to understand the differences among various types of investment. Clause 14. The advertisement related to ranking or awards received by the securities company or the fund shall comply

comparison or the difference between return from investment in the fund and other investments shall incorporate material information which enables the investors to understand the differences among various

addition, the Company has unused unsecured revolving credit facilities 12,020 million baht and 3,000 million baht unused committed facilities with various financial institutions which is enough to drive the

has unused unsecured revolving credit facilities 8,150 million baht and 3,000 million baht unused committed facilities with various financial institutions which is enough to drive the Company’s

to hedge its debt. In addition, the Company has unused unsecured revolving credit facilities 1 2 ,370 million baht and 3,000 million baht unused committed facilities with various financial institutions

) less cash outflow for the various projects underway which are not yet completed and have not yet started contributing to the earnings. Notes We recommend that investors always read the MD&A together with

for the various projects underway which are not yet completed and have not yet started contributing to the earnings. Organic growth is calculated as the change in production on a like-for-like asset