outside of department stores in order to serve the increasing number of health-conscious consumers. Expanding “Luggaw” to Increase Brand Portfolio Continue to Aim to Grow Internationally The Company

product development in order to focus on the health conscious consumers for example, roasted seaweed and whey protein ‘My Whey’. The Tao Kae Noi Land shop expansion in order to focus on tourist channel. As

29.3% YoY. FSMART has continued the strategic plan of expanding the number of Boonterm kiosk effectively and maintaining the ARPU (average revenue per unit) level efficiently. In 2017, the average ARPU

Café Branches In the previous year, the Company opened a new brand called "Luggaw" that focuses on selling products made from Thai fruits. The brand received a positive response from health-conscious

are calculated from Total Revenue 1 Financial PerformanceExecutive Summary Significant Events Management Discussion & Analysis Q1/2022 2 Expanding to Overseas Market • On January 25, 2022, the Company

& Analysis Q2/2023 Executive Summary Significant Event Focus on Expanding Luggaw and Mikka Cafe During Q2/2023, the Company opened a new Luggaw branch in Samyan Mitrtown and opened another store at Unicon

personal expenses and the depreciation because of the expanding capacity of subsidiaries. Sincerely yours, (Mr.Pongpat Patanavanich) Managing Director

Consolidated net loss for the period (Q1) amount -4.57 million compare with the same period (Q1) for the last year amount -2.80 because the Company Cost of Market Development of Expanding the customer base and

operations & Administrative expenses increased by Baht 97.94 million or 6.79 % due to the Medical personal expenses which was in line with the increased revenue,also increased because of the expanding capacity

& Administrative expenses increased by Baht 23.54 million or 13.02 % due to the Medical personal expenses also increased because of the expanding capacity of subsidiaries. 3. Finance costs increased by Baht 13.17