official announcement from the Thai Government in March regarding the temporarily closer of premises such as department stores, restaurants, spa and fitness center. Consequently, the closure of facilities in

fitness center for three months. Consequently, the closure of the hotel’s facilities had significantly affected the hotel revenues overall. For expenditures, the Company carefully controlled costs and

of 25.0%, leaving 290bps gap to the 2nd player. - Fitness First project delivered more than THB 700 million cost/expenses saving in 2018, which drove Q4’18 Gross margin to 34.5%, +270bps QoQ. *Net

Q1’19 market share of 27.9% increased by 290 bps QoQ, leaving 900 bps gap to the 2nd player. - Gross margin improved 270 bps YoY to 34.8% in Q1’19 mainly contributed by the performance of Fitness First

the enhancement of our business capabilities to achieve sustainable growth and maintain our market leadership over the long term through collaboration and synergy with other companies within

Olympic Themed Card, which offering special privileges for sports and health lovers, including 4-time/month free access to leading fitness clubs, yoga classes, and Muay Thai gyms. In addition, the customers

, which impacted by COVID-19 outbreak and temporarily closed down studios since late March 2020 to end of May 2020 according to the government preventive measures. However, Expanding online fitness classes

Service Cash Fitness Direct Commissions Indirect Commissions - Commission to salesperson Incremental costs of obtaining a contract ? - Incentive to employees based on monthly sales target - Special bonus to

the figure seen on December 31, 2018, because of purchases of more equipment items to serve demand from the market and the enhancement of service standard at the Studio Park project. The total

great emphasis on effective revenue generation from new malls, asset enhancement, coupled with efficient operating costs management. Currently, CPN manages 30 shopping malls with the net leasable area