opening of new branches, (2) positive same-store-sales growth and (3) increased sales of raw material to franchisees. Franchise fee income increased from THB 56.5 Mn in 2017 to THB 69.6 Mn in 2018, an

% and was mainly due to (1) the opening of new branches, (2) increased sales of raw material to franchisees and (3) increased sales of retail merchandise. Franchise fee income increased from THB 13.0 Mn

) (50.42) 2) A change of main raw materials price The effect from copper usage was about 1.2 % on product sales price in 1Q19. Table 2: Raw material prices and purchased volume 1Q 2019 4Q 2018 Q-o-Q Effect

possible to reduce the cost of transportation for raw materials, because this location is close to the source of raw materials for production. In addition, when comparing the price of new machines according

sales was better from the same period of last year due to higher sales growth resulting in lower waste and ability to control key raw materials’ price. Selling Expenses Selling expenses of Q3’2018-2019

€11.11 (0.9) (2.93) 37.7985 €11.59 (7.3) (26.65) CNY 4.5509 ¥8.47 4.5919 ¥8.79 (0.9) (0.35) 4.8923 ¥11.48 (7.0) (2.89) Total effect (1.56) (45.64) 2) A change of main raw materials price Table 2: Raw

-term loans and Account payable in Q2, 2019 has increased compare to 2018 at 10.65 million baht or 16.65 % following the fact that the company has a rising sale trend, so it has to order more raw

per customers’ demands. The Company has a subsidiary, Aurum and Aurum Company Limited (together with the Company, the “Group”) which operates raw material and equipment sourcing and import. Quarter 2

, the waste of raw materials and also raw material of furniture. Information of the 2nd Quarter Consolidated Separate 3 months Change 3 months Change 2018 2017 Amount % 2018 2017 Amount % Revenue from

. The Company has 2 subsidiaries, Aurum and Aurum Company Limited which operates raw material and equipment sourcing and import. and M&M 2007 Co. (a trading company), together with the Company, the “Group