Investment with any clarity. Going forwards the horizon ahead is quite clear. The Company has appropriated 100% of SGAH (Holding Company in UK) and own 77% of SACL (India) although the AAPICO Board is not

lower than the decreased rate in revenue, since the rest of equipment for lease project had a quite low gross profit margin and a higher equipment maintenance expense. Summary of Operation for Q4-2018

periodically and quite frequently for the operators’ IT system improvement. The details of total revenue are as follows. 1) Income from rendering top-up service for prepaid phone and other online services

–2018 to Q4–2017, it had changed slightly, although the rate of decrease in revenue in Q1–2018 was quite different from Q4–2017. This is because in Q4-2017, revenue was recognized the projects that their

margin of the large projects that delivered in Q3-2017 was rather low. In addition, the general projects delivered in Q3- 2016 had relatively high margins, resulting in a very different rate of change in

project. Trade Receivables of the Q4 – 2019 increased by 768.4 MB or 51.2 percent from the year 2018, due to the decrease in revenue. Furthermore, the Company had the trade receivables that got a quite long

inventory, the numbers are quite high and the tendency for long-term sales is quite low. The Company changed its policy on allowance for obsolete inventories in Q2 /2018 OLD Policy on allowance for obsolete

by 36.1 percent form Q4-2016 because the project has already been delivered and recognized the accomplishment of the project completed rather than those in Q4-2016, due in 2017 the government has

by 36.1 percent form Q4-2016 because the project has already been delivered and recognized the accomplishment of the project completed rather than those in Q4-2016, due in 2017 the government has

change significantly as it put efforts to maintain and to sustain gross margin percentage for real estate development business. Therefore, gross margin of the Company for the past three years is quite