. The first quarter of 2018/19 (ended 30 June 2018) 2 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018/19 8 AUG 2018 JULY 2018 On 5 July 2018, the Company appointed Mr. Nelson Leung as the
) The value of outstanding investment units is insufficient to accommodate the expenses for further investment management; (2) The nature of the sale of investment units, the number of unitholders or the
and a waiver is granted by the Office: (1) The value of outstanding investment units is insufficient to accommodate the expenses for further investment management; (2) The nature of the sale of
in securities for investors. There are two categories of investor contact s which are category A investor contact who is allowed to conduct an analysis on the value or suitability of the purchase or
investors. There are two categories of investor contacts which are category A investor contact who is allowed to conduct an analysis on the value or suitability of the purchase or sale or an investment in
. The gross profit margin for 3 months and 6 months for the second quarter of 2018 were 52.3% and 50.4%, respectively. This gross margin had accounted for the fair value adjustment of the acquired
%, respectively. This gross margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the genuine gross margin in the second quarter