Solution increased by 41.65mb or 12.2%. The acquisition of TigerSoft changes the composition of recurring vs non-recurring revenue for HR Solutions as the business model of TigerSoft is heavy-weighted on non

TigerSoft which is heavily weighted towards non-recurring revenue. Consequently, TigerSoft pushed up our non-recurring revenue in HR Solution by 29.7mb to 45.09mb (Q1 2019: 15.39mb) or 193% increase year-on

HR Solution increased by 35.35mb or 14.2%. The acquisition of TigerSoft changes the composition of recurring vs non-recurring revenue for HR Solutions as the business model of TigerSoft is heavy

in recurring revenue was insufficient to offset the reduction in non-recurring revenue. T.662 636 6999 F.662 646 4200

growing by 16.30mb or 9.7% and recurring revenue from Financial Solutions increasing by 4.77mb or 16.5% . However, the growth in recurring revenue was partially offset by the reduction in non-recurring

growing by 18.46mb or 11.1% and recurring revenue from Financial Solutions increasing by 4.82mb or 16.7% . However, the growth in recurring revenue was partially offset by the reduction in non-recurring

26.9% TKS 285 326 (12.5)% TBSP 33 0.5 7,182% Non-recurring profit* 92 - 100% Non-recurring profit** - 213 (100)% Non-recurring loss A) - (212) 100% Non-recurring loss B) - (24) 100% Net profit for 2019

-100% Gross Margin 116.33 120.29 -3% % Gross Margin 29.6% 28.5% 1% % Gross Margin (exclude non-recurring cost) 29.6% 30.4% -1% Administrative Expenses before Adj. 39.49 41.45 -5% Adj. staff benefit

Solutions decreased by 9.10mb to 45.11mb (1H 2019: 54.21mb) or 16.8%. Our overall recurring revenue grew by 24.15mb or 11.0% to 243.00mb (1H 2019: 218.85mb while non-recurring revenue grew by 54,41mb

year-end, we have a sizable order backlog for ERP implementation and good sales pipeline. The recurring and non-recurring income of HMCG : Table 3: The break down revenue by recurring & non-recurring