of goods 12,923 29,910 (57%) Net foreign exchange gains 216 105 105% Net gain from write-off the expired legal prescription of liabilities 10 119 (91%) Net gain from debt restructuring 0 1 (100
alignment with the Company’s direction of focusing on health-driven products. Second R – Reorganize: The Company is preparing for future growth with an organization-wide restructuring. Executives will be
% going forward and the ratio should gradually decline as a result of cost synergies in through restructuring, in particular in digital operations. In light of tangible improvement in gross profit, VGI
its business rehabilitation or operational plan has not been approved by the regulatory agency of such financial institution or the Board of the Financial Restructuring Authority (FRA), or which has
approved by the regulatory agency of such financial institution or the Board of the Financial Restructuring Authority (FRA), or which has been given an order to rectify its impaired financial condition by
repayment and for business operation, because the Company, in the past, has continuous loss in operating results. Thus, the Company considers the business restructuring of the Company’s group, whereby the
proceeds received from sale of the shares of the Business or the sale of the shares of the Business’ subsidiaries, dividends received from the Business, the restructuring the structure of the Business, the
requires cash flow for debt repayment and for business operation, because the Company, in the past, has continuous loss in operating results. Thus, the Company considers the business restructuring of the
also benefit from 4 recently renovated hotels to drive RevPAR and ADR upwards and on-going organizational restructuring that is expected to yield tangible long-term cost savings. In our office business