under brand Inco, Cheval, Sleep Mate, ETC brand, Non-Apparel under brand Cherish, Prim, Rollica, Cushy, etc. Emphasize FN as a BEDDING DESTINATION with house brands which increases profitability. 2

were supported by company’s marketing campaign to drive overall economy as well as assist SME. During mall temporary closure, the Company mitigated the impact on revenue and profitability through various

brand awareness. Emphasize FN as a BEDDING DESTINATION with house brands which increases profitability. 2. Focusing and developing E-commerce with potential partners 3. Focusing cost-efficiency and

Return on assets (ROA) as of Q3 2021 were at 13.11% and 4.59% respectively. The Company’s profitability indicators were significantly higher than those of Q3 2020 as profit continues to improve. Interest

assets (ROA) as of Q1 2022 were at 12.0% and 4.4% respectively. The Company’s profitability indicators were higher than those of Q1 2021 as the profit improved. Interest bearing debts to equity (IBD/Equity

balance of an earnings string may shift in the direction of risk rather than growth as the string has prolonged. 6/29/2015 26 Empirical Tests – Q3 • Test of Future Profitability • Test of Future Earnings

Profitability (2.1) Revenues from Sales and Services Description Year 2018 Year 2017 Increase / (Decrease) Million Baht % of Total Revenue Million Baht % of Total Revenue Million Baht % Revenues from Sales

Liquidity Ratios Current ratio (times) 2.0 0.6 2.0 0.6 Number of days of inventory (days) 29 38 31 37 Collection period (days) 44 44 45 44 Accounts payable (days) 43 45 44 42 Profitability Ratios Gross profit

record for revenue and net profit during the past several years. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2019 Year 2018 Increase

expansion plan to increase the service area and create a referral network to various regions. The Company aims to grow in revenue at the growth rate of 10 - 15 percent per year with proper profitability ratio