expected benefits from the transaction are 1) increasing exposure to new opportunities in overseas markets, especially in South East Asia countries where the advertising market is still immature, 2
business opportunities, as well as decreases it costs and improves its operation efficiency to have sustainable growth and profits in the rapid changing future from the change of technology and the New
slump in credit card spending caused by of the COVID-19 pandemic. During this quarter the Company collaborated with new business alliances, namely Shopee and Grab Food, to increase business opportunities
across the country by developing and adjusting its operation to any situation, and looking for new opportunities to keep Boonterm’s operation growing sustainably. Targets in 2H2020 • Wait for Covid-19
shorter for faster disbursements. And also to compensate the Annual Budget Expenses that was announced late in the previous period. The Company foresees the opportunities from stimulating expenses through
through its network across the country by developing and adjusting its operation to any situation and to look for new opportunities to keep Boonterm’s operation growing sustainably. Targets in 2020 (revised
The Company still emphasizes on strengthening the Boonterm kiosk business as well as leverages its leading position to the new opportunities, from the leader in the e-Payment service platform to the
operational systems to scale up franchise operations, while the franchise opportunities are expected to be ready by end of May 2020. Q1/2020 Management Highlights Cost-saving initiatives have been carried out
provide the liquidity for several investment opportunities during the 2018-2021 strategic plan period. Table 3: Pipeline of Ongoing Projects 2018-2019 Project Business Year Performance Fibers expansion in