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would like to clarify significant changes in the Group’s operating results are as follows: 1. Revenues from sales and services for the year 2017 decreased 15% compared to the same period of 2016. The main
same period of 2017 since the Group is in the process of business restructuring. The main reasons were: Revenues from circulation decreased 48% with circulation revenue of comic books decreased 42
decreased 35.10% compared to the same period of 2017. The main reasons were: Revenues from circulation decreased 40.02% with circulation revenues of comic books and children books decreasing 50.52%, and
same period of 2016. The main reasons were: Revenues from circulation decreased 20% with circulation revenues of comic books decreased 23%, revenue from children books decreased 21% and revenue of
same period of 2016. The main reasons were: Revenues from circulation decreased 18% with circulation revenues of comic books decreased 23%, revenue from children books decreased 14% and revenue of
sales and services for the six-month period of 2019 decreased 35.67% compared to the same period of 2018. The main reasons were: • Revenues from circulation decreased 8.54% with circulation revenues of
the six-month period of 2018 decreased 28% compared to the same period of 2017. The main reasons were: Revenues from circulation decreased 44% with circulation revenues of comic books and children
services for the nine-month period of 2018 decreased 30.94% compared to the same period of 2017. The main reasons were: Revenues from circulation decreased 43.60% with circulation revenues of comic books
services for the nine-month period of 2018 decreased 30.94% compared to the same period of 2017. The main reasons were: Revenues from circulation decreased 43.60% with circulation revenues of comic books