a significant reduction in production. In addition, the domestic market has limited availability of refined glycerine as raw materials from biodiesel production have decreased in accordance with the

and cost reduction, the overall performance still inferior to the Group own development biomass power plant. This was led to the decrease of gross profit margin of biomass power plant. 6 Administrative

organization or any other countries, or in corporation with a foreign company, in order to provide the aforementioned service. 70. Conducting a business in purchasing, selling, exchanging, leasing, letting, hire

company, in order to provide the aforementioned service. 70. Conducting a business in purchasing, selling, exchanging, leasing, letting, hire purchasing, including installing and examining a thermal and/or

in corporation with a foreign company, in order to provide the aforementioned service. 70. Conducting a business in purchasing, selling, exchanging, leasing, letting, hire purchasing, including

, the expansion of CUP will be for the new customers in which the contract of purchasing electricity and steam has been committed and it is expected to COD in 2019. The expansion is expected to result in

farmers lose their income and lack purchasing power. Despite the government’s stimulus measures and tax measures to stimulate domestic spending, the tourism industry, and promoting many mega projects as

partly because the overall household purchasing power was not sufficiently strong and household debt remained elevated. Private investment picked up in line with the improved economic outlook, and with

no intention to control over IGE. 14% shares purchasing is business investment and earns dividends in the future. However, the Company continues to maintain our core business in producing and selling

south country region of the South West Interconnected System (“SWIS”) of Western Australia. Management Discussion and Analysis For the Year Ended December 31, 2018 Page 4 1.7 Share Purchasing to Operate a