positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Franchise fees income increased from THB 15.1 Mn in 2016 to THB 56.5 Mn in 2017, an increase of THB

mainly due to the increase of raw material cost aligning with the increase in revenue from sales of service and increased sales of raw material to franchisees. Selling Expenses Selling expenses increased

respectively, an increase of THB 291.3 Mn or 21.3%. This increase was mainly due to (1) the increase of raw material cost from both the restaurants which the company owns itself as well as franchise restaurants

increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees

resulting from increase in trade and other payables around 173.83 million baht. This was in line with the increase in sales and raw material prices. However, the Company remained the position without long

Inventory (net) as of 31 March 2021 amounted to Baht 14,615 million, an increase of Baht 1,960 million or 15.5% from those of 31 December 2020. The major increase is raw material which was a result of

bottle was 23.3 MB, an decrease by 12.5 MB or 35% y-o-y mainly due to affect from increase in raw material cost of PET, including to selling price adjustment and its adjustment has difficulty; while this

MB, an decrease by 21.9 MB or 32.8% y-o-y mainly due to affect from increase in raw material cost of PET, including to selling price adjustment and its adjustment has difficulty; while this business

resulted from increase in raw material inventories and deferred short term liabilities payment at the beginning of 2020. Liabilities As of December 31, 2019, the company, reported total Liabilities of Baht

but will have a better net profit. 2 PET bottle Segment Revenue from sales of PET bottle was 13.9 MB decreased by 9.4 MB or 40.3% YoY due to the increase in raw material costs of plastic pellets