tonnage serviced reduced by 27 per cent comparing to the 2nd quarter last year. The three companies implemented cost saving measurements e.g. personnel management to resize the company in order to suit the
phasing of advertising and promotion activities implemented to support growth of existing brands and new products launches domestically and internationally, together with the impact of additional provision
and the overall cost control measures are well implemented so that to serve as a tailwind factor to our ability to effectively manage SG&A expenses. 4 Financial expenses Our financial expenses in Q2
human resources policies. We believe that our SG&A expenses have become normalized and the overall cost control measures are well implemented so that to serve as a tailwind factor to our ability to
performance of existing operations: The following are key initiatives and strategies are being implemented or reviewed to improve performance of existing operations: Product Assortment: • Merchant Core - Review
Manufacturing (CMG) sales increased by c.25% YoY and 30% QoQ resulted from the market recovery as well as good response of new product. Export CMG sales decreased c.50% as the Company has implemented new
operations: The following are key initiatives and strategies are being implemented or reviewed to improve performance of existing operations: Product Assortment: Merchant Core - Review all existing products
strategy we implemented throughout 2017, it subsequently reflected into our financial performance. The Company delivered highest top-line and bottom-line results in the Company's history for 3 consecutive
segments. Focus on education business expansion Education business is currently under group restructuring plan, implemented in 2017 and targeted to be completed in 3-5 years. The plan involves rebranding by
economic slowdown and increasing of household debt as well as new regulations of debt collection. Meanwhile, the Company has implemented the new collection system under “Pooling Concept” to further improve