, the Company achieved higher sales of raw material to Mikka Café franchise, which have relatively lower margins. • The Company’s EBITDA in Q4/2021 and 2021 were THB 58 million and THB 172 million

for growth abroad in order to create long-term growth and to diversify risks. As a result, within this year, the Company plans to sign more franchise contracts in CLMV countries to open After You

”, with 10 branches in Bangkok and 1 branch in Udon Thani. Mikka has recently became the main focus among the coffee shop franchise business. After the performance in the past year has been highly

initial franchise fees, other fees and royalty fees from “After You” franchise in Hongkong and “Mikka” franchise store Catering, Events A N D P O P - U P Franchise F E E I N C O M E Sales of Goods A N D R A

locations • Revenue recognition of initial franchise fees, other fees and royalty fees from “After You” franchise in Hongkong and “Mikka” franchise store Catering, Events A N D P O P - U P Franchise F E E I N

operational systems to scale up franchise operations, while the franchise opportunities are expected to be ready by end of May 2020. Q1/2020 Management Highlights Cost-saving initiatives have been carried out

No. ECF2 035/2562 23 September 2562 Subject Notification on the resolutions of the Board of Directors’ Meeting approving the purchase of the ordinary shares in KPN Academy Company Limited, the increase of registered capital, the issuance and the allocation of the newly-issued shares to specific persons (Private Placement) and the convening of the Extraordinary General Meeting of Shareholders No. 1/2019 (2nd additional) To Director and Manager The Stock Exchange of Thailand Enclosure 1. Informati...

., Ltd. (“WCIG”) decrease from last year because the company changed in business model from company owned to franchise model since 2017. In addition, due to highly competitive (both direct and indirect

branch, Thonglor branch and Udon Thani branch. The Company is also planning to expand further in the future. The Company focuses on generating additional revenue from franchise business after receiving

Café franchise, which have relatively lower margins than sales of normal products. • The Company’s EBITDA in Q3/2021 and 9M/2021 were THB 24 million and THB 114 million, respectively, decreased by 63