shifted focus toward opening pop-up stores where costs of investment and associated risks are relatively lower. The launch of the pop-up stores has provided agility and flexibility for After You to explore
several ways; including allowing After You to test customer demand in a selected location, and, as it requires minimal time and amount of investment to set up, After You has great flexibility to expand in
latest digital technologies. This has also uncovered considerable opportunity and flexibility to create greater awareness to brands/media buyers. In order to accommodate growing demand in the outdoor media
revenue for the next few years, and it has developed a prudent strategy to maintain return to shareholders during this time. This has included restructuring DTC to allow for greater flexibility and enhanced
return to shareholder, the management has formulated business strategy and implemented group restructuring to streamline the business and enhance flexibility, which attributable to well-achieved
sales channels and new services in parallel to the ‘New Way of Life’ or ‘New and Now Normal’. To stabilize our businesses and retain financial flexibility, cost reduction was one of our measures. The
acquisition of assets in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 20/ 2551 re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of
NRV (2) Extra items were from raw material derogation and deferred tax assets/liabilities. Exhibit 2 : Sales revenue and Adjusted EBITDA breakdown by business unit comparison of 4Q2019 vs. 4Q2018 vs
resolutions passed by Board of Directors Special Meeting No. 2/2018, convened on 19 June 2018. In such meeting, the following material matters were considered and approved: 1. The Board of Directors approved