Shareholders No. 1/2017 which was held on 30 August 2017 with the disapproval resolution for the Debt to Equity Conversion Scheme, which impacted the Company’s ability to repay the debts in the amount of USD

Describe material events in the development of the issuer’s business that could have an impact on its ability to fulfill its obligations on the debt securities or affect its solvency. Include discussion

renovation. Liquidity was maintained at healthy level with current ratio over 1, while capital structure was at optimal level with excellent ability to repay debt. 31-Dec-17 31-Dec-16 Chg Profitability ratio

) (%) 6.58% 5.92% Capital Structure and Debt Ratio Debt to Equity ratio (time) 0.91 0.84 Debt Service Coverage ratio (DSCR) (time) 2.25 2.21 Note: 1) Gross profit and Net profit were excluded construction

% Return on Assets (ROA) (%) 7.37% 6.53% Capital Structure and Debt Ratio Debt to Equity ratio (time) 0.99 0.92 Debt Service Coverage ratio (DSCR) (time) 2.47 2.25 Note: (1) Gross profit and Net profit were

) (%) 13.04% 10.68% Return on Assets (ROA) (%) 6.60% 5.59% Capital Structure and Debt Ratio Debt to Equity ratio (time) 0.92 0.86 Debt Service Coverage ratio (DSCR) (time) 2.25 2.09 Note: 1) Gross profit and

the ability to pay of customers in the industrial sector. While the household debt rate remained high, the Company, therefore, implemented a more stringent credit lending policy in this quarter and

and operate the business on a continuous basis. Furthermore, the asset disposal above helps reduce the risk from the management of the financial structure, resulting in the increase of the liquidity of

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

youngsters’ knowledge on savings and financial disciplines and cultivate a personal finance ability as a life skill, starting from young ages to grow a strong saving habit in adulthood.