share and hence retain or expand our scale in respective businesses. For mobile business, 4G adoption and demand is expected to continue rising following improved customer perception of our 4G network
softened handset subsidies and a focus on quality acquisition, partially offset by increasing advertising expense to enhance brand perception. Marketing expenses to total revenue stood at 5.1% , down from
customer perception. We continue to focus on delivering fair profitability balancing between short- and long- term drivers while keeping our solid financial strength. Market and Competitive Environment As
ding price onship with N n of the NM ce within the as a connect uary 2018 dditional info MG who has r e specified pe ted person to at the offic formation acc NMG or MG who has r e specified pe ted person
-named Spindletop); footprint expansion into a growing market in India; formation of a dedicated team to grow the PET recycling business; continued focus on working capital optimization coupled with an
operators have committed to increasing 5G customer perception and expanding network coverage in high density of demand areas. As a result, 5G adoption reached around 4mn subscribers, underpinned by the rising
re- place purchased PTA appears well timed. In Asia, firstly the formation of a 50:50 JV in India in September 2016 led to subsequent de- consolidation of superior margin India PET business and
China 2) Global economy would expand at a slower pace 3) Progress on significant infrastructure investment projects and private sector investment during the transition period of policy formation by the
China 2) Global economy would expand at a slower pace 3) Progress on significant infrastructure investment projects and private sector investment during the transition period of policy formation by the
revenue from overseas sales for the period, not only support our market diversity but also raise our brand perception as the People’s Republic of China is one of the top 5 energy drink market in the world