remuneration, tax penalty, and accounts receivable previously recorded as stock under consignment in 2011 and subsequently re-arranged to sale transactions in 2012. The SEC, therefore, has instructed TUCC to

have investigated the Group’s and the Company’s processes and procedures over the recognition of advertising revenues. As a result, the management have noted that some previously recognised advertising

more than Baht 1 million but less than Baht 20 million or more than 0.03% but less than 3% of NTA, whichever is higher. It is noted that 3% of NTA as at 31 December 2017 was approximately Baht 596

27.20, which is the price as book value according to the financial statements as at 31 December 2019 of MV, in the total amount of Baht 2,040,000. and the Board of Director noted the buying shares in MV

Baht 233.52 million, decreased from previous period since in 3Q17, the Company arranged big event named “FN Fair” at head office. Also, the third quarter is normally affected by seasonal and usually the

social distancing policy, the company had postponed the annual event which normally was arranged in June to be arranged in July (3rd quarter). These results to dramatically reducing the revenue of this

. In Q2 2020, the Company have arranged the land valuation from previously measurement at cost to fair value, which gains were recognized in revaluation of land in other comprehensive income, and

February 2018. In addition, the Company arranged more marketing events than prior year such as “FN Fair” at head office and “FN Thank you sale” at branches. The sales proportion in 1Q18 has been increased

. However, the Company has continued to expand new distribution channels such as Pop-up Store, Mini Shop at HQ Rama 9, and E-commerce. The Company arranged marketing activities to draw customers and to

sales were in line with plan. 1Q19 sales was Baht 238.99 million, decreased by 8.73% YoY. Since domestic consumption in 1Q19 was declining, the Company reacted by arranged more promotion especially the