restructuring, and increase in revenue from rental service due to the opening of three new retail plaza locations under our Thailand department stores segment and the first full year contributions from two

entering Thailand, especially as a tourist city, even more advantageous than other locations as a result. The amount of room transfers increased from the same period last year. 2. The total expenses amounted

% down from the same period of last year. Details of each segment’s revenues are: - Language institute business has opened 2 new locations in the first quarter of the year, being Silom branch in January

“Mikka” in 3 locations - Pattanakarn 25, Sathorn, and Lalaisap Market. Thanks to the pandemic that has created the work-from-home culture, which has boosted the food delivery sales to its peak. Our newly

Japan. For example, it is required to get an approval of any changes or additions to the form and taste of products, of determining and changing marketing strategies, and of the design and store locations

each identified city, rather than placing a fewer number of locations within a higher number of unique cities. This also allows the Company to gain efficiencies effectively in regards to distribution

city, rather than placing a fewer number of locations within a higher number of unique cities. This also allows the Company to gain efficiencies effectively in regards to distribution, production and

Company Limited (FSMART) 1Q2020 Management Discussion and Analysis FSMART’s Operation by Business Unit Vending Machine & Distribution Business FSMART plans to expand the locations and focuses on system

the integrated digital media business. And the Company has the highest number of caravans in Thailand, 117 caravans for servicing various locations on Thailand in the year 2019, increased 179. 2% from

more than one location. In addition, the subsidiary company is being charged with a suitable rental rate compare with the nearby locations which offer rental rate in the range of Baht 154 – 275 per