Siam Wellness Group Public Company Limited entered into Franchise Agreement of Let's Relax in China with Qingdao St. Mortiz Health Management Co.,Ltd. whom is non-related entity, in which the franchisee will have the authorized use of Let's Relax in Qingdao Province People's Republic of China for the period of 5 years with renewal term of 5 years. The franchisee fee is divided in 2 parts which are the Lum-Sum Franchise Fee which is a fixed amount and Monthly Franchise Fee which is calculated as percentage of Monthly Gross Operating Revenue. On 12 January 2018 the franchisee has made a payment of 50% of Lump-sum Franchise fee to the Company. According to the resolutions of the Meeting of the Board of Directors, the Company shall report to the Stock Exchange of Thailand when the Company receives at least 50% of the Lump-sum Franchise fee payment from the franchisee as specified in the Spa Franchise Agreement.