year mainly due production disruptions during 1st Quarter 2019 combined with the negative HRC cash margin for second half of 2019 resulting from large decrease in HRC selling price compared to last year

orders and new customer contracts • Catering operations have moved to NYC Commissary which has improved operations, quality, and capacity Social catering program has launched and has seen strong traction

contracts  Catering operations have moved to NYC Commissary which has improved operations, quality, and capacity Social catering program has launched and has seen strong traction Sales and Marketing

market liquidity of the debt securities. In some circumstances, the issuer may act in this capacity, and investors would find this information very relevant. III. INFORMATION ABOUT THE PUBLIC OFFERING A

aggressive plans which offered a large bucket of data and attractive voice quota were launched in prepaid. Low-end handset subsidies remained selectively offered by area while high- end handset models were

investment in last year. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.56 times. 2019 Outlook Company maintains 2019 outlook

pricing remained highly dynamic, where price plans with large data volume were offered at low ARPU, pressuring the effort to increase ARPU. The price competition in fixed broadband market was mainly

, the government has implemented the biodiesel B20 for large fleets and agricultural machinery since 2nd July 2018. As for natural fatty alcohols, in 3Q2018, its price was being more competitive to

, especially in the large enterprises. We continue to see the long-term trend of digital transformation driving the fundamental demand of enterprises to gradually transform their operation and business models

and expanding capacity to support possible increase in trading volume in the future, provided that the rules and guidelines for prioritizing and matching trading orders are disclosed; (2) procure an