business; an increased credit with finance institutions to facilitate the company’s expansion; together with the company’s setup of allowance for doubtful accounts and loss from investments that increased

33.7 Mn in 2017, an increase of THB 25.0 Mn or 287.4%. This increase was mainly due to (1) the increase in construction fees collected from franchisees during the setup phase and (2) increased in rebate

was mainly due to (1) the increase in net construction fees collected from franchisees during the setup phase which itself was related to the opening of new franchise branches and (2) increased rebate

production line of flexible packaging and the machine setup process is not complete and new employee lack of expert skill and the use of raw material is inefficient, cause a high production cost. 3. Selling

considering more expansion of F&B business. The target revenue from food and beverage business is THB1,000mn within 2023. ( * source: Press Release no. 65/2019 from Bank of Thailand, 6 November 2019

sales of real estate. The costs of F&B business slightly decreased to THB 6.3mn from THB 6.4mn in 1H18 due to the F&B business setup cost during 1H18, as explained above. Gross Profit and Gross Profit

food which famous and being accepted from people around the world. The Company has an expansion plan to open hotel under brand “Hotel Kitch” in major tourist cities in Thailand soon. For the development

expansion for growth in Southeast Asia. We successfully converted static billboards into digital billboards, which now cover 32 provinces in Thailand. This effort is expected to enhance our returns, generate

from the expansion of business of the Company due to the increase of cost of program right which was invested during the period to support the business growth. In addition, the Company has an outstanding

. Revenue from Salesforce CRM contributed the most with an increase of 60.92 Mb or 35.3% followed by Oracle ERP of 59.22 Mb or 77.3%. Our newly setup business units drove Marketing Cloud and Customer