performance on the positive side were improving sales prices and higher volumes which led to an 15% increase in total revenues compared to Q4 2016 keeping the company on track in 2017 to exceed 2016 overall

stations’ columns, and full commercialisation is expected to start in 3Q 2019. Lightboxes at Surasak station LED Screen at Chit Lom station MALAYSIA • Currently, VGI Global Media (Malaysia) Sdn Bhd (“VGM

business on February 10, 2018. The results from the past one year experience led to the business strategy to suit the business environment in each area. Therefore believe that the revenue from sales and

competitive landscape remains challenging. We saw particular weakness in the steel sector as uncertainty led to reduced production and after a record sugar season in 2018 this sector has been behind our

which led to an 19% increase in total core business revenues compared to Q1 2017. This revenue was generated from the lime business with the additional 50,000 Mt of capacity added from the new kiln and

Global Media (Malaysia) Sdn. Bhd. (“VGM”) which began in this quarter and the full-quarter consolidation of Trans.Ad Group. However, within the domestic market, due to the low seasonality, which led to

expiry of safeguard on alloy steel, and strengthening of Thai Baht, and the current out break of COVID-19 has led to continuous decline in domestic steel prices from second quarter of 2019 and impacted the

%. The main reason was Baht appreciation more than the corresponding period of previous year. That led to the decrease in cost of inventories. Exchange rate during Q1/2020 was between 30.28 – 33.09 Baht

, with the effect of COVID-19 outbreak, the labor has temporary moved from service sector back to agriculture sector which led to more demand in agriculture equipment. Other that the above reasons, in Q2

of a possible recurrence of the outbreak in Thailand, have led to severe restrictions on inbound and outbound travel. This has resulted in a massive contraction of the tourism industry, as well as the