1 ) Analyze the balance sheet and income statement using HORIZONTAL analysis base on the percentage that already calculated.

Balance Sheet 2018 2019 Amount (RM) Percent Amount (RM) Percent 15.47% 14.96% 0.21% 0.21% 104,470,120 1,445,199 1,346,140 31,113,723 148,901,290 0.20% 0.19% 101,464,559 1,406,323 1,304,809 30,743,178 162,200,612 5,803,237 4.61% 4.53% 22.05% Assets Property, plant and equipment Prepaid lease payments Investment properties Intangible assets Investment in an associate Other investments Deferred tax assets Total non-current assets Inventories Other investments Trade and other receivables 23.91% 0.86% 1.03% 42.54% 44.65% 16.98% 16.13% 2.75% 12.52% 302,922,718 109,426,642 18,679,326 68,691,982 1,411,343 10.56% 6,923 287,283,395 114,672,330 84,558,258 71,339,782 796,090 11,859 116,587,382 387,965,701 675,249,096 10.13% 0.12% 0.21% 1.76% 17.27% 26.13% 57.46% 177,295,736 375,505,029 678,427,747 55.35% 100% 100% Current tax assets Derivative financial assets Cash and cash equivalents Total current assets Total assets Equity Share capital Treasury shares Reserves Total equity attributable to owners of the Company Non-controlling interests Total equity Liabilities 202,330,568 (2131) 383,185,583 29.96% (3.16%) 56.75% 202,330,568 (2131) 396,592,209 29.82% (3.14%) 58.46% 585,514,020 86.71% 598,920,646 88.28% 0.07% 0.08% 499,692 586,013,712 556,757 599,477,403 86.78% 88.36% Deferred tax liabilities 10,351,289 1.53% 10,271,621 1.51% 2018 2019 ASIA FILE CORPORATION INCOME STATEMENT Note RM RM 2018 2019 Note RM 327,787,406 1,850,147 59,676 Revenue 21 Cost of sales 25 2,278,327 4,551,920 Gross profit Distribution costs 57,019,489 43,284,320 RM 351,813,861 216,662,708 135,151,153 15,145,298 67,933,893 2,389,870 10,435,740 60,117,832 11,837,418 585,585 71,369,665 12,071,849 59,297,816 Administrative expenses Other expenses Other income Results from operating activities Share of profit of equity-accounted associate, net of tax Interest expense 212,832,009 114,955,397 14,190,257 63,329,827 7,907,691 10,000,487 39,528,109 15,984,479 945,007 Item that will not be reclassified subsequently to profit or loss Share of other comprehensive expense)/income of equity-accounted associate Other comprehensive income/(expense) for the year, net of tax Total comprehensive income for the year Profit attributable to: Owners of the Company Non-controlling interests Profit for the year Total comprehensive income attributable to: Owners of the Company Non-controlling interests Total comprehensive income for the year Basic and diluted earnings per ordinary share (sen) 59,149,167 148,649 59,297,816 47,765,108 71,132 47,836,240 56,884,411 Profit before tax 22 24 43,227,255 57,065 43,284,320 24.53 54,567,581 6,731,341 47.836,240 Tax expense Profit for the year Other comprehensive incomel (expense), net of tax 135,078 57,019,489 30.37 26 Items that is or may be reclassified subsequently to profit or loss Foreign currency translation differences for foreign operations 428,180 4,611,596 428.180 4,611,596 Balance Sheet 2018 2019 Amount (RM) Percent Amount (RM) Percent 15.47% 14.96% 0.21% 0.21% 104,470,120 1,445,199 1,346,140 31,113,723 148,901,290 0.20% 0.19% 101,464,559 1,406,323 1,304,809 30,743,178 162,200,612 5,803,237 4.61% 4.53% 22.05% Assets Property, plant and equipment Prepaid lease payments Investment properties Intangible assets Investment in an associate Other investments Deferred tax assets Total non-current assets Inventories Other investments Trade and other receivables 23.91% 0.86% 1.03% 42.54% 44.65% 16.98% 16.13% 2.75% 12.52% 302,922,718 109,426,642 18,679,326 68,691,982 1,411,343 10.56% 6,923 287,283,395 114,672,330 84,558,258 71,339,782 796,090 11,859 116,587,382 387,965,701 675,249,096 10.13% 0.12% 0.21% 1.76% 17.27% 26.13% 57.46% 177,295,736 375,505,029 678,427,747 55.35% 100% 100% Current tax assets Derivative financial assets Cash and cash equivalents Total current assets Total assets Equity Share capital Treasury shares Reserves Total equity attributable to owners of the Company Non-controlling interests Total equity Liabilities 202,330,568 (2131) 383,185,583 29.96% (3.16%) 56.75% 202,330,568 (2131) 396,592,209 29.82% (3.14%) 58.46% 585,514,020 86.71% 598,920,646 88.28% 0.07% 0.08% 499,692 586,013,712 556,757 599,477,403 86.78% 88.36% Deferred tax liabilities 10,351,289 1.53% 10,271,621 1.51% 2018 2019 ASIA FILE CORPORATION INCOME STATEMENT Note RM RM 2018 2019 Note RM 327,787,406 1,850,147 59,676 Revenue 21 Cost of sales 25 2,278,327 4,551,920 Gross profit Distribution costs 57,019,489 43,284,320 RM 351,813,861 216,662,708 135,151,153 15,145,298 67,933,893 2,389,870 10,435,740 60,117,832 11,837,418 585,585 71,369,665 12,071,849 59,297,816 Administrative expenses Other expenses Other income Results from operating activities Share of profit of equity-accounted associate, net of tax Interest expense 212,832,009 114,955,397 14,190,257 63,329,827 7,907,691 10,000,487 39,528,109 15,984,479 945,007 Item that will not be reclassified subsequently to profit or loss Share of other comprehensive expense)/income of equity-accounted associate Other comprehensive income/(expense) for the year, net of tax Total comprehensive income for the year Profit attributable to: Owners of the Company Non-controlling interests Profit for the year Total comprehensive income attributable to: Owners of the Company Non-controlling interests Total comprehensive income for the year Basic and diluted earnings per ordinary share (sen) 59,149,167 148,649 59,297,816 47,765,108 71,132 47,836,240 56,884,411 Profit before tax 22 24 43,227,255 57,065 43,284,320 24.53 54,567,581 6,731,341 47.836,240 Tax expense Profit for the year Other comprehensive incomel (expense), net of tax 135,078 57,019,489 30.37 26 Items that is or may be reclassified subsequently to profit or loss Foreign currency translation differences for foreign operations 428,180 4,611,596 428.180 4,611,596