STRATEGIC UPDATE IN 2019 2019 was marked by notable strategic developments for MACO. The company has successfully laid the foundation for growth in Malaysia and Indonesia, as well as expanded its footprint in
on September 1, 2019. Significant Developments On September 1, 2019, two hotels as part of the Project CROSSROADS Phase 1 in the Emboodhoo Lagoon in the Republic of Maldives including; SAii Lagoon
deeper services with targeted and measurable advertising. With the above-mentioned developments, we once again reported biggest quarterly revenue and profit in corporate history in 4Q 2017 (3 quarters
the cashiers, customers will be able to make a purchase directly via their e-wallets. Above-mentioned developments will build a stronger digital/online platform for the Company. We expect to see more
35 large- format digital billboards located in the CBD of upcountry urban areas. These above-mentioned developments have already borne fruit in the form of our solid performance since 2017 and
effectively. In this exciting environment, companies that are able to adapt themselves are more likely to survive and outperform their counterparts. In anticipation of such developments, VGI was the first
business performance. The operating results during the first half of this year reflect our strategy to maintain return to shareholders. Major Developments in 2Q18 On 9 April 2018, the Company sold the
all countries where the Company owns or operates its businesses. Significant Developments Impact from COVID-19 pandemic The Company announced the temporary suspension on hotel operations from April 1
Project CROSSROADS Phase 1 which commenced the operation on September 1, 2019. Significant Developments Disposal of shares On February 17, 2020, according to the terms under the Joint Venture Agreement, in
manufacturing. These developments are part of our strategic intention to expand our competitiveness in serving digital services and platforms to both consumers and enterprise. Full year guidance maintained For