1 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Management Discussion and Analysis Q1-2020 14 May 2020 KEY EVENT IN Q1-2020 After UWC announced a corporate and business strategy restructuring in
Management Consultant Including consultants to improve work processes. Development includes financial and legal advisors. To study the acquisition of shares of Universal Worldwide Transportation The Company
of the Company this quarter is still in line with plan, especially the Homepro business, which continues to increase its efficiency and improve merchandise management. This includes the conversion of
provide scale benefits and improve operating capabilities. In response to industry headwinds, Management has improved its special focus on cost and working capital optimization programs. Disciplined
operational processes, as well as revamped network utilization management to improve capex efficiency . As a result, of revising down revenue projection, we expect EBITDA to be flat supported by the above
. Moreover, IT transformation will enhance our time-to-market and simplify internal operational processes, as well as revamped network utilization management to improve capex efficiency. As a result, we expect
channels. Moreover, IT transformation will enhance our time-to-market and simplify internal operational processes, as well as revamped network utilization management to improve capex efficiency. As a result
business transfer would be to improve the management efficiency of The company „s business units. The Company shall transfer part of the Company‟s business which are produce and sell high performance
operational processes, as well as revamped network utilization management to improve capex efficiency . As a result, we expect EBITDA to grow low single digit. Dividend policy at minimum 70% of net profit AIS