Asiasoft Corporation PLC. (AS) 1Q12 Opportunity Day 17 th May 2012 - - PowerPoint PPT Presentation

1Q12 Opportunity Day

17th May 2012

Asiasoft Corporation PLC. (AS)

Page 2

• The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation
• f an offer or invitation to purchase or subscribe for shares of Asiasoft Corporation Pcl. (“Asiasoft”) in any jurisdiction nor should it or any part of it

form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever.

• This presentation may include information which is forward-looking in nature. Forward-looking information involve known and unknown risks,

uncertainties and other factors which may impact on the actual outcomes, including economic conditions in the markets in which Asiasoft operates and general achievement of Asiasoft business forecasts, which will cause the actual results, performance or achievements of Asiasoft to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation

• This presentation has been prepared by Asiasoft. The information in this presentation has not been independently verified. No representation,

warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of Asiasoft or any of its agents or advisers, or any of their respective affiliates, advisers or representatives, shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents

• r otherwise arising in connection with this presentation
• This presentation is made, furnished and distributed for information purposes only. No part of this presentation shall be relied upon directly or

indirectly for any investment decision-making or for any other purposes

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Disclaimer

Page 3

• Territory Overview
• Asiasoft Overview
• Next Steps
• Appendices

Agenda

Page 4

Territory Overview

Page 5

2008 2009 2010

TOTAL: 65 Games 78 Games 111 Games 129 Games 143 Games

2011

23 Companies (5 new companies) (0 closed company) 33 Companies (8 New companies) (1 closed company)

1

26 Companies (6 new companies) (3 closed Company)

2 3

27 New Games 34 New Games 39 New Games 25 New Games

6 New companies entered the market in 1Q12 with total of 39 publishers operating 143 game titles

33 Companies (5 New companies) (5 closed company) 39 Companies (6 New companies) (0 closed company)

4 5

14 New Games

1Q12

Online Game Publishers in Thailand

Page 6

Web games becoming a big trend: number of web games launched in 1Q12 surpassed MMORPG

New Game Launch in Thailand

MMORPG 8 games 89% Casual 1 games 11% MMORPG 6 games 43% Casual 1 games 7% WEB 7 games 50% Online Game Publisher Type CHO Asiasoft/Funbox MMORPG AIKA Asiasoft/Funbox MMORPG Cosmic Break Online Digicraft MMORPG Prius Online Golden Soft MMORPG IRIS ONLINE JAYA SOFT MMORPG Super SpeeDa Joy Telecom Casual Trickster Vplay MMORPG World of Fighter Winner Online MMORPG ION [Loong Online] Winner Online MMORPG New 9 games from 8 Publishers Online Game Publisher Type Zeed Empire 7Zeed WEB Dungeon Viva Zeed 7Zeed WEB Camon Hero Asiasoft/Funbox MMORPG Dragon Nest Asiasoft/Funbox MMORPG FreeJack Asiasoft/Funbox Casual Soccer Manager Online EMMO WEB Lime Odyssey Golden Soft MMORPG Edge of Warriors Koramgame WEB Kaneland Koramgame WEB ศึกบัลลังก์มังกร SNSPlus WEB 18ฝ ่ามือมหาประลัย SNSPlus WEB Mini Fighter TDE/NC True MMORPG Eden Online Winner Online MMORPG The Legend of Emperor Winner Online MMORPG New 14 games from 5 Publishers

Page 7

Source: Company’s data based on 1Q12 Avg. Max CCU

Market Share by Genre in 1Q12

Asiasoft/Funbox 52% TDE/NC True 4% Winner Online 15% INI3 Digital 3% Others 26% Asiasoft/Funbox 45% TDE/NC True 13% INI3 Digital 20% Others 22% Asiasoft/Funbox 9% TDE/NC True 75% Winner Online 12% Others 4% Asiasoft/Funbox 38% INI3 Digital 32% Others 30%

MMOPRG CASUAL FPS Web Game

Asiasoft/Funbox 40% TDE/NC True 21% Winner Online 11% INI3 Digital 7% Golden Soft 7% Others 14%

Total market share improved from 38% in 2011 to 40% in 1Q12 due to higher shares in web game and FPS

Page 8

2009 2010 2011

TOTAL: 5 Games 21 Games 24 Games 26 Games

1Q2012

4 Companies 8 Companies (4 New companies)

1

4 Companies

2 3

9 Companies (1 New company)

4

7 New Games 9 New Games 2 New Games

Online Game Publishers in Singapore

1 New company entered the market and launched its first game in late March

Page 9 Online Game Publisher Type AikaSEA Asiasoft MMORPG League of Legends Garena MOBA 2 New Games Released from 2 publishers Online Game Publisher Type SD Gundam Online Cherry Credits Casual World of Tanks SEA Gaming TPS/FPS 2 New Games Released from 2 publishers

1Q11 1Q12

New Game Launch in Singapore

Page 10

2009 2010 2011

TOTAL: - Games 72 Games 106 Games 119 Games

• Companies

(- new companies) (- close company) 33 Companies (8 New companies) (2 close company)

1

29 Companies (7 new companies) (1 close Company)

2 3

36 Companies (4 New companies) (1 Close company)

35 New Games 41 New Games 15 New Games

• New Games

4

• 4 New comers entered the market in 1Q12; however, 1 company closed down with total of 36 publishers at the end of

1Q12

• High competition market with number of publishers are almost the same as Thailand’s, but market size is only half .

Online Game Publishers in Malaysia

1Q2012

Page 11

New Game Launch in Malaysia

Online Game Publisher Type Monster Forest Asiasoft MMORPG New RO Gameflier MMORPG Yuan Zhen Kingsoft MMORPG Fantasy Sangou GoPlayPlay Web Kung Fu Hero Redapple MMORPG Water Fairy Youxi Park MMORPG Ming Web Youxi Park Web Online Game Publisher Type ShowTimeSEA Eagle Game Casual DF Web MyCNX Web SQ Web MyCNX Web Wang Dao Online CIB MMORPG SMZT Web GamePro Web B7U Web RMS Web WLZW Web RMS Web WLY Web RMS Web Xiao Jing GoPlayPlay MMORPG World Domintate Gamersland Web FHDT Web FunGame Web FSZ Web BBG.my Web Ninja2u Funnel Web Wulin Adventure Runup Web Egnima Runup MMORPG

Number of titles launch: 7 Most new title are client based MMORPG. 15 New games from 11 publishers Most new title are web based MMORPG or Strategy.

Page 12

Source: Company’s data based on 1Q12 Avg. Max CCU

Market Share by Genre in 1Q12

TOTAL MMOPRG CASUAL FPS Web Game

• Cherry Credits launched SD Gundam Online in Feb 2012.
• Top publishers in Singapore: Asiasoft, Cherry Credits, Garena, IAH Games
• Top publishers in Malaysia: CIB, Cubinet, Asiasoft, Eagle Games

Page 13

2009 2010 2011

TOTAL: 19 Games 51 Games 71 Games 80 Games

1Q12

10 Companies

(2 new companies) (3 close company)

27 Companies

(9 New companies) (3 close company)

1

20 Companies

(10 new companies) (1 close Company)

2 3

32 Companies

(4 New companies) (2 close company) 19 New Games 24 New Games 7 New Games 12 New Games

4

4 New comers entered the market, but 2 companies closed down in 1Q12

Online Game Publishers in Indonesia

2 Closed Games 4 Closed Games 1 Closed Games 3 Closed Games

Page 14

New Game Launch in Indonesia

MMORPG is still a mainstay of publisher.

Game Title Publishers Genre Granado Espada Lyto RPG Grand Fantasia Winner Online RPG Game Title Publishers Genre Dragon's Call Indonesia IGLO Web Legend of 3 Kingdoms Prodigy RPG Anime Figter Lyto Casual Forsaken World Lyto RPG Kart Rider Kreon Casual Kaisar Jawa Online Ltd RPG Crystal Epic Orange Games Web

7 Games From 6 publishers (1 new publisher)

Page 15

Source: Company’s data based on 1Q12 Avg. Max CCU

Market Share by Genre in 1Q12

• ASID had no market share in web, casual and FPS game yet.
• Gemscool is a subsidiary of Kreon from Korea.

Page 16

Asiasoft Overview

Page 17

Consolidated Performance

Items

Q1Y11 Q4Y11 Q1Y12 YoY QoQ

Revenues 395.38 441.03 402.22 ▲ 1.7% ▼ 8.8%

<By Region>

Domestic 277.02 286.41 261.32 ▼ 5.7% ▼ 8.8% Oversea 118.36 154.62 140.90 ▲ 19.0% ▼ 8.9%

<By Business Type>

Online 360.26 407.74 360.79 ▲ 0.1% ▼ 11.5% Distribution 25.66 26.51 34.29 ▲ 33.6% ▲ 29.3% Advertising and others 9.46 6.78 7.15 ▼ 24.4% ▲ 5.4%

COGS 212.74 248.22 220.55 ▲ 3.7% ▼ 11.1% Gross Profit 182.64 192.81 181.68 ▼ 0.5% ▼ 5.8% GP% 46.2% 43.7% 45.2% SG&A 97.09 136.30 105.32 ▲ 8.5% ▼ 22.7% SG&A% 24.2% 29.0% 25.0% Other Revenues 6.16 28.69 18.34 ▲ 197.6% ▼ 36.1% EBIT 91.71 85.20 94.68 ▲ 3.2% ▲ 11.1% EBIT% 22.8% 18.1% 22.5% EBITDA 120.55 132.44 123.75 ▲ 2.7% ▼ 6.6% EBITDA% 30.0% 28.2% 29.4% Tax 21.61 14.27 21.75 ▲ 0.7% ▲ 52.4% Non-controlling interests 0.00 (1.70) (0.24) ▼ 100.0% ▲ 86.0% Net Profit 69.99 72.57 73.12 ▲ 4.5% ▲ 0.8% Net Profit% 17.4% 15.4% 17.4%

Unit : Million Baht

Page 18

Performance Analysis

Items

Q1Y11 Q4Y11 Q1Y12 YoY QoQ

Net Profit 69.99 72.57 73.12 ▲ 4.5% ▲ 0.8% Net Profit% 17.4% 15.4% 17.4% Major Adjustment 9.97 (1.09) 1.17 ▼ 88.3% ▲ 206.8% Sublicense to VN-ASC 4.82 3.97 0.79 ▼ 83.6% ▼ 80.1%

Recognized Sublicense to VN-ASC

0.00 (6.44) 0.00 ▲ 0.0% ▲ 100.0% A/R Provision-ASC 2.64 0.00 0.00 ▼ 100.0% ▲ 0.0%

Adjusted Deferred Tax-ASC&Funbox

0.00 5.89 0.00 ▲ 0.0% ▼ 100.0%

Oversestimation of Bonus Y2010-Funbox

0.00 (1.26) 0.00 ▲ 0.0% ▲ 100.0% Tax Credit-ASO 0.00 (4.08) 0.00 ▲ 0.0% ▲ 100.0%

Employee Benefit-ASC&Funbox

2.51 0.82 0.38 ▼ 85.0% ▼ 54.4% Normalized Profit 79.96 71.48 74.29 ▼ 7.1% ▲ 3.9% Normalized Profit% 19.9% 15.2% 17.7%

Unit : Million Baht

Page 19

CGS and SG&A Breakdown

• Head count at the end of 1Q12 is 757, compared to 667 last year was due to preparation for aggressive game

launch and additional BU, PT Asiasoft.

COGS SG&A

Q1Y11 Q1Y12 Royalty 138.09 132.70 34.9% 33.0% ▼ 3.9%

Revenue Sharing 108.98 111.48 27.6% 27.7% ▲ 2.3% Amortization 29.12 21.22 7.4% 5.3% ▼ 27.1%

Employee 35.56 40.07 9.0% 10.0% ▲ 12.7% Network&Maintenance 21.81 22.65 5.5% 5.6% ▲ 3.9% Depreciation 6.56 7.52 1.7% 1.9% ▲ 14.6% Direct Cost 10.72 17.61 2.7% 4.4% ▲ 64.2%

Total 212.74 220.55 53.8% 54.8% ▲ 3.7% Head Count 415 457 ▲ 10.1%

Unit : Million Baht Items Q1Y11 Q1Y12 % to Core Revenue %Change Q1Y11 Q1Y12 Employee 43.95 45.43 10.9% 10.8% ▲ 3.4% Rental&Utilities 12.38 13.54 3.1% 3.2% ▲ 9.4% Marketing 17.08 24.14 4.3% 5.7% ▲ 41.3% Depreciation 4.46 5.44 1.1% 1.3% ▲ 21.9% Others Selling 6.07 3.33 1.5% 0.8% ▼ 45.1% Other Administrative 13.14 13.44 3.3% 3.2% ▲ 2.2%

Total 97.09 105.32 24.2% 25.0% ▲ 8.5% Head Count 242 300 ▲ 24.0%

Unit : Million Baht Items Q1Y11 Q1Y12 % to Core Revenue %Change

Page 20

Overseas

 Singapore  Malaysia  Indonesia  Philippines

1Q12 Total Revenue: THB 420 mn

66% 34%

Domestic

Thailand

• Plus Sublicense

revenue in Vietnam

Total Revenue Structure

Page 21

1Q12 Total Revenue Breakdown

Online Income 83% Distribution Income 9% Advertising 2% Others 6% Online Income 91% Distribution Income 6% Advertising 1% Others 2%

GROUP

DOMESTIC OVERSEAS

Online Income 86% Distribution Income 8% Advertising 2% Others 4%

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Employee 56% Rental and Center Services 13% 0% Depreciation 7% Others 24%

COGS Selling Expenses

Total COGS is THB 220.5 mn Total Selling Exp. is THB 32.4 mn Total Admin. Exp. is THB 72.9 mn

1Q12 Group Cost Breakdown

Administrative Expense

Royalty Fee 60% Employee Expense 18% Direct Cost 8% Network and Service 10% Depreciation 3% Others 1% Employee 15% Others 7% Commission 3% Marketing 75%

Page 23

1Q12 Domestic Cost Breakdown

COGS Selling Expenses Administrative Expense

Royalty Fee 62% Employee Expenses 21% Direct Cost 4% Network Service 9% Depreciation 4% 0% Employee 10% Others 8% Marketing 82% Employee 52% Rental and Center Services 11% Depreciation 10% Others 27%

Page 24

1Q12 Overseas Cost Breakdown

COGS

Selling Expenses Admin Expenses

Royalty Fee 56% Employee Expenses 15% Direct Cost 13% Network Service 12% Depreciation 3% Others 1% Employee 43% Others 21% Marketing 36% Employee 61% Rental and Center Services 16% Depreciation 4% Others 19%

Page 25

1Q12 Top 5 Online Games

Domestic Overseas

Remark: Data based on 1Q12 Avg. Max CCU

Dragon Nest 24% Yulgan g 14% Ragnar

• k 14%

Pocket Ninja 9% Auditio n 9% Others 30% Maple Story 56% Cabal 14% Sudden Attack 12% AIKA 8% Audition 5% Others 5%

Group

Dragon Nest 19% Maple Story 12% Yulgang 11%

Ragnarok 11%

Cabal 8% Others 39%

Page 26 MMORPG 72.5% Casual 23.4% FPS 4.1% Web-Based 0.0% MMORPG 73.2% Casual 20.0% FPS 4.5% Web-Based 2.2% MMORPG 67.7% Casual 20.1% FPS 5.2% Web-Based 7.0%

Online Games Income Breakdown

Page 27

Financial Highlights

Online Income &Total Sales Operating Profit COGS Net Profit

Unit: THB mn Unit: THB mn Unit: THB mn Unit: THB mn 188.7 177.0 184.4 232.5 212.7 220.1 219.5 248.2 220.5

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

83.9 97.9 81.1 104.4 91.7 110.8 77.0 85.0 94.7

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

62.8 73.9 58.5 69.2 70.0 83.8 68.6 72.6 73.1

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 2Q11 4Q11 1Q12

Source: www.setsmart.com

307.6 309.1 313.9 395.3 344.7 366.6 346.4 407.7 360.8 360.2 354.3 359.2 438.2 395.4 407.6 393.5 441.0 402.2

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 Online Income Total Sales

Page 28

Business Highlights in 1Q12

• New Game Launch
• Thailand (3): Camon Hero (Jan), Dragon Nest (Mar), Free Jack (Mar)
• Philippines (1) : Maple Story (Mar)
• Malaysia (CIB): Wang Dao Online
• Distributed Product
• Re-launch of BLIZZARD box sets in Malaysia, Thailand, and Singapore: World of

Warcraft, Starcraft: Battle chest, Diablo II: Battlechest, Warcraft III: Battlechest

• M&A
• Acquired 61.68% in CIB Development Sdn. Bhd.
• New Territory: Branch Office in Philippines
• Officially operated in Feb 2012
• The first game (Maple Story) commercially launched in Mar 2012
• Expansion of Refill Service
• 1-2-Call cash card for refill facebook credit (additional from only @Cash refill service)

Page 29

Dragon Nest Profile

• Developed by Eyedentity Games, Inc., Korea

(Subsidiary of Shanda Interactive Entertainment Limited, China)

• The most successful game in China in 2010 wining

the Best Design and Best Technology and selected as the Most Popular Online Game in China

• The most successful new game in Thailand in 1Q12
• The most successful game published by AS in 5

years

Page 30

CIB Update

• Completion of all transaction on 8 May:
• Started consolidating CIB’s performance into Asiasoft Group
• One new game launched in 1Q12, Wang Dao online (MMORPG)
• Contributed 8% of CIB’s revenue
• 1Q12E Performance:
• Revenue slightly goes down from MYR 7.2 to 7.0 mn (- 2.7%YoY)
• Net profit (before minority) increases from MYR1.9 mn to MYR 2.1

mn (+10% YoY)

Page 31

AS vs. Asia Leading Gaming Firms

Source: Company’s research

Company Country Stock Exchange Market Cap. P/E

( USD Million) As of 15 May 12

Tencent China SEKH

53,282 33.4

Shanda China NASDAQ

1,300 13.0

Perfect World China NASDAQ

601 4.0

The9 China NASDAQ

136 n/a

Gungho Japan JASDAQ

221 10.7

Nexon Korea TYO

7,650 15.2

NCsoft Korea KRX

4,736 40.8

Wemade Korea KOSDAQ

834 33.3

Neowiz Korea KOSDAQ

576 8.6

Softworld Taiwan GTSM

296 55.0

Gamania Taiwan GTSM

166 50.8

Wayi Taiwan GTSM

48 16.3

AS Thailand SET

168 17.0

Page 32

Next Steps

Page 33

Next Steps

• Further reduce distribution cost
• Expand new distribution channel and refill on demand
• Boonterm (Kiosk Refill Service)
• Tesco-Lotus
• K-Bank debit card
• IP Bonus to home
• As trend moves towards home gamers, we will sell IP Bonus to gamers

through 3BB

• Advertising Business
• Rich Media on Asiasoft and partners’ websites (~2Q12)
• Classify System: Customers buy ads on automatic system with their self-

services from the beginning to the end process (~3Q12)

• TV Program about game on Gang Cartoon Channel
• M&A
• Both domestic and overseas internet related business

Page 34

Diablo III Launching May 15

Diablo III has been launched all over the world on 15 May 2012 Exclusive distribution rights for BLIZZARD box sets in Malaysia, Thailand, and Singapore

Page 35

Jun 2012 May 2012 Dec 2012 Apr 2012

Plan of Major Events in 2Q12 – 4Q12

2nd wk of Jun–2nd wk of Jul Asiasoft Game Fest Jul2012 Aug 2012 Sep 2012 Oct 2012 Nov 2012 16-19 Aug 2012 Asiasoft Battle 4th wk of Sep 2012 E-Sport 13-14 Oct 2012 Play park Fun Fest Week 1 Apr 2012 @Cafe seminar

Page 36

2012 Updated Games Launch Plan

1Q12 (Launched) 2Q12 (On Plan) 3Q12 (On Plan) 4Q12 (On Plan)

Total New Games in 2012 Existing Games in 2011 Total Games in 2012

ASC

2 2 10 2

16 19 35

Funbox

1 1 1

3 7 10

Thailand

3 3 11 2 19 26 45

Singapore (ASO)*

1 1

2 7 9

Malaysia (ASM)*

1 1

2 3 5

Malaysia (CIB)

1 3 2 1

7 22

Indonesia (ASID)

1 2 1

4 1 5

Philippines (ASPH)

1 1 1

3 3 Overseas 2 4 7 5 12 14 26 5 5 17 6 27 32 59

1 2 1

4 6 10 6 7 18 6 30 33 63

Company

Thailand Overseas

Total**

Vietnam (CTCM) (Sublicensee)

Grand Total**

* Based on a server location but gamers could log in from both countries ** Non-repeat game titles counting

Page 37

2012 Consolidated Portfolio

MMO RPG 75% 0% Web Game 25% 0%

2Q12 New Game

MMOR PG 56%

FPS 22%

Casual 4%

Web Game 18% 0%

Note: Based on number of games with non-repeating game titles counted

2012 New Game

MMOR PG 68%

FPS 14%

Casual 8%

Web Game 10% 0%

2012 Portfolio

Page 38

Appendices

Page 39

Authorized Capital: THB 316.00 mn Paid-up Capital: THB 315.91 mn Par Value: THB 1.00 Dividend Policy: At least 30.0% of net profit Business: At the end of 1Q12, AS procures 36 online game titles

• perating in 6 countries:
• Thailand

29 Titles

• Singapore

7 Titles

• Malaysia

3 Titles

• Vietnam

6 Titles

• Indonesia

1 Title

• Philippines

1 Title Services: MMORPG ● Casual Games ● FPS ● Web Games ● Game Portal ● Music Online Company Name: Asiasoft Corporation Plc. (AS) Foundation: September, 2001 1st Day Trading: 29 May 2008 Website: www.asiasoft.net Employee: 496 (ASC as of End Mar 12) Network: Thailand, Singapore, Malaysia, Vietnam, Indonesia, and Philippines CEO: Pramoth Sudjitporn Ownership:

Manageme nt 69% Treasury Stock 3% Foreign Institution 9% Foreign 15% Individual 4% 0%

Company at a Glance

Most of online games are free to play but users can purchase item in game to enhance the game experience. Some particular MMORPG will be charged by playing time.

Page 40

Thailand Overseas

Asiasoft Online Pte.

• Ltd. (ASO)

AS Online Sdn. Bhd. (ASM)

100.00%

PlayPark Co., Ltd. Asiasoft International Co., Ltd. (ASI) Online Game Publisher

Online Game Operator in Malaysia Online Game Operator in Singapore Investment Company Game Portal & Entertainment Services on Websites

Paid-up capital THB 315.9 m A Capital Co., Ltd.

99.99% 99.99% 99.99% 99.99% 100.00%

Funbox Co., Ltd.

Online Game Publisher

Shareholder Structure: 1. Founders 69.21% 2. Asia Investment 9.50% Partners Limited Free Float 18.04% Treasury Stock 2.69%

Investment Company

• PT. Asiasoft (ASID)

Online Game Operator in Indonesia

79.90% 40% 30%

Cybergames Corporation Co., Ltd.

Thaiware Communication Co., Ltd.

Website Services Internet Gaming Services CIB Development Sdn.

• Bhd. (CIB)

61.68%

Online Game Publisher in Malaysia

Group Structure and Business

Paid-up SGD 2 .0 m Paid-up RM 4.0 m Paid-up USD 0.8 m Paid-up RM 1.0 m Paid-up THB 112.0 m Paid-up THB 20 m Paid-up THB 5 .0m Paid-up THB 1.0 m Paid-up THB 1.5 m Paid-up THB 40.0 m

Page 41

Year Major Incidents

2001

• Established the company
• Established Asiasoft Online PTE. LTD. (ASO), a subsidiary in Singapore (100.00%)

2004

• Being awarded ISO 9001:2000 Accreditation (Information Security)

2005

• Sublicensed to CONG TY TNHH CHAU A MEM (CTCM) in Vietnam

2007

• Established AS Online SDN BHD. (ASM), a subsidiary in Malaysia (100.00%)

2008

• Listed on SET (First day traded: 29 May 2008, IPO Price = THB 12)
• Acquired 99.99% in Funbox Co., Ltd. (TH)

2010

• Being awarded ISO 27001:2005 Accreditation (Customer Satisfaction)
• Being awarded ISO 9001:2008 Accreditation (Information Security)

2011

• Set up PT. Asiasoft (ASID), a subsidiary in Indonesia (79.90%)
• 2Q11: Acquired 40% in Thaiware Communication Co., Ltd. (TH)
• 4Q11: Acquired 30% in Cybergames Corporation Co., Ltd. (TH)

2012

• Set up a branch office in Philippines (ASPH)
• Acquired 61.68% in CIB Development Sdn. Bhd. (CIB) in Malaysia

AS Roadmap

Page 42

Historical Investment

ASO

(Singapore)

(100%)

Sublicensed to CTCM

(Vietnam)

ASM

(Malaysia)

(100%) Funbox

(Thailand)

(99.99%)

ASID

(Indonesia)

(79.90%) Thaiware

(Thailand)

(40%)

Cybergames (Thailand)

(30%) CIB

(Malaysia)

(61.68%) ASPH

(Philippines)

(100%)

2011 2012 2001 2005 2007 2008

Thank You