problem as improve from the government measure, such as ameliorate cost of living. In particular, the adjustment to the minimum wage in past. As a result, the 3rd quarter of 2018, the Group's revenue from
. Entrepreneur have been reducing cost in other side such as wages and utilities, by taking measure to temporarily reduce employment and wages. However, price increases are difficult due to decreasing purchasing
administrative expenses has significantly reduced compared to the normal operating range by reducing more than 70 percent during the period of locking down. After the government eased the lock down measure
consolidated financial statement dated December 31, 2019 is being referenced. To measure the transaction value the method used is book value of net tangible asset (NTA) and the value is 70.24% of the total asset
approximately 90% of all sales. However, in compliance with the government’s order and measure to shut down shopping malls effective since March 22, 2020, the branches in shopping malls are permitted to provide
the period that the Group lost revenue from the temporary branches closure (2) a decrease in bank fees and (3) a decrease of various expenses from cost control measure such as work from home policy to
with the pervious quarter. The improvement was due to the easing of lockdown measure and domestic travel restriction, coupling with the implementation of government policies, which resulted in the
expenses reduction measure. • Selling expenses to total revenue in Q4/2020 was 32.4%, increased by 3.0% from Q4/2019. This is due to the higher proportion of the decrease in revenue from sales than the
severe outbreaks in Q2- 2021, which impacted a wide range of economic activities, particularly the tourism and service sectors with more stringent disease-control measures. However, this control measure is