business in the future. Jaymart as a holding company has built the foundation of the business to grow in the future, according to the business plan and created returns for the shareholders. Performance
”). Enclosure 3.3 Rational and background of the transaction As the conglomerate has a new business plan of 100% battery electric vehicle business, Rich Asia Industry Co., Ltd. (Subsidiary) will be the
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product. In addition, our engineering business saw the signing of a new project in Indonesia, which will bring positive EBITDA to the business in Q2 to Q4 period. A contingency plan to mitigate the impacts
to revenues and salary & benefits of staff decreased due to cost saving policy by proper human resource management. Cost saving plan will be more effective starting 2Q/2020 One-time expenses For the
FOR Q1-2020 Revenue from transmission and telecommunication tower decreased by 50.87% QoQ as a result of rescheduling of delivery plan by major customer. Revenue from sale of electricity rose by
business. The company is able to maintain current customers, nevertheless, the plan is to clear out all of the remaining Inventory as soon as possible. The company, therefore, has initiated a contract
2020, the Company invested in purchasing - Translation - 4 machineries in accordance with the plan on increasing forklift battery (traction battery) production capacity which had been continued from 2018
the spread of COVID-19, the company has prepared measures to ensure stability of the electricity and utilities systems, for example: the Business Continuity Plan: BCP, safe house preparation for field
business, the number slows down as per usual with the decent direction of property rental. Existing clients remain unchanged. The company has a plan prepared since the end of 2019 as the real estate business