due to THB appreciation against EUR and GBP • Net debt to equity ratio as of 30 June 2019 was 0.56x, comparing with 0.55x at the end of last year SIGNIFICANT EVENTS 4 major renovation works of Vienna

ANALYSIS (YoY) In 2Q 2018, the Company reported a consolidated operating revenue of THB 280mn, a significant increase of 40.9% YoY from THB 199mn in 2Q 2017. The improved performance was mainly driven by the

) Business-to-Customer (B2C) and 3) Customer-to-Customer (C2C) with more than 800,000 parcels delivered daily. This acquisition is a significant step for VGI to establishing an O2O ecosystem covering

of 30 June 2018 stood at 0.57x, an improvement from 0.93x in 31 December 2017. Current ratio as of the same date stood at 2.81x, a significant improvement from 1.69x, both mainly as a result of the

and allowance for doubtful accounts of 344 million Baht (6% of total revenues), increasing by 144% as compared to the same period last year of (778) million Baht. Significant event in Q2 2018 On 6 April

FX losses was only accounting implication and did not affect the Company’s cash flow or its operating performance. • Finance costs decreased by 26.1%, mainly from significant decrease in cost of fund

and Buildings since such Land and Buildings do not have a very large area, and the Company does not optimize the use of it. Such disposal of assets does not have significant impact on the Company’s core

in 31 December 2017. Current ratio as of the same date and period stood at 2.42x, a considerable improvement from 1.69x, both mainly as a result of the aforementioned capital increase SIGNIFICANT

the THB that affected the value of the Company’s overseas assets. • Net debt to equity ratio as of 31 December 2019 stood at 0.48x, an improvement from 0.55x in 31 December 2018. SIGNIFICANT EVENTS

resulted in travel restriction, lockdown and other precautionary measures imposed in various countries including Thailand. This outbreak has brought significant economic uncertainties in Thailand and markets