Dear Investors,

  YG Group hereby announce its consolidated revenue of NT$576 million for March 2020. This represents an increase of 567% Month-over-Month (MoM) and a decrease of 13% Year-over-Year (YoY). In terms of shipments, in March we delivered 12,298 tons, an increase of 505% MoM and a decrease of 12% YoY.

Due to the continued effect of the COVID-19 outbreak, all YG’s production bases are actively co-operating with the relevant local authorities to control the spread of the virus. After the resumption of business operations in February, the company carried out extensive protection measures under the premise of protecting the health and safety of all employees. For employees returning from other provinces, YG arranged home quarantine for 14 days and provided assistance for all daily needs of employees during quarantine. Since YG still has a certain number of employees in the quarantine period at home in early March, the employee attendance rate was still lower than normal and affected production in March. Looking forward to April, due to the company's advanced deployment of virus protection plans and the preparation of sufficient personal protection equipment, the attendance rate of employees and revenue/shipments will return to normal levels.

Accumulated revenue of 1Q20 totaled NT$ 1.13 billion, a decrease of 49% QoQ, and a decrease of 27% YoY. Accumulated shipment of 1Q20 reached 24,222 tons, a decrease of 47% QoQ, and a decrease of 26% YoY.

Chart 1: Revenue and shipment by quarter

Safe Harbor Notice

This presentation contains certain forward-looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Except as required by law, we undertake no obligation to update any forward – looking statements, whether as a result of new information, future events or otherwise.