locations • Revenue recognition of initial franchise fees, other fees and royalty fees from “After You” franchise in Hongkong and “Mikka” franchise store Catering, Events A N D P O P - U P Franchise F E E I N

International Sustainability Standards Board (ISSB)* to maintain the Thai capital market's international recognition."Mr. Kulvech Janvatanavit, Chief Executive Officer of the Thai Institute of Directors (Thai

of responsible investment practices and recognition of the importance of sustainability issues such as climate change and human rights by investors (and companies) across ASEAN. We welcomed this

companies to achieve transparency and recognition by both local and international investors.”The ASEAN CG Scorecard (ACGS) is initiated by The ASEAN Capital Markets Forum with support from The Securities

recognition, the quality of SEC?s auditor supervision has been internationally recognized, as evidenced by acceptance as a member of International Forum of Independent Audit Regulators (IFIAR) in 2010 while

ตลาดหลักทรัพย์ (“สำนักงาน ก.ล.ต.”) ได้ร่วมลงนามบันทึกความเข้าใจ (MoU) โครงการจัดการลงทุนระหว่างเขตบริหารพิเศษฮ่องกงแห่งสาธารณรัฐประชาชนจีนและไทย (Mutual Recognition of Funds between Hong Kong Special

domestic. Page 4  Export branded sales rose by c.35% YoY due to sales recognition from Long Quan Safe Food JSC (LQSF) a new subsidiary in Vietnam since 27 April 2018. If excluding LQSF, export branded sales

lead to increase in the sales volume in this zone. However, the Company’s revenue was affected by the appreciation of exchange rate of 6% from an average of 32.75 per 1 Dollar in Quarter 3 2018 to 30.68

rate decelerated in accordance with the global economic growth which was affected by the trade war between the United States and China, together with the appreciation of the Thai Baht as one of the

value that has been revalued to reflect the current market prices of raw materials, which some items were in downtrend and the significant appreciation of Baht, resulting in higher cost of goods sold. The