%. and change in product sales mix since we invested in the new Company, KURON Co., Ltd on 3 March 2020. And DDD capacity variance loss increased from unused capacity. Gross Profit Gross profit for the

start of this project are lower than buying new lands for development. At present, to procure or to collect big plots of land that have adjacent area are quite difficult and use a lot of investment funds

locations, also forecast economic growth4 to contract by -6.2% and -4.4%, respectively. This year will, therefore, be a most difficult year for all businesses. For MACO, we expect the Company’s performance to

economic front and greater political issues. Therefore, 2020 will be the most difficult and unpredictable year for the Company. For MACO, we expect the Company’s performance to be negatively affected by the

and service were difficult due to the weak purchasing power. Since the consumers were price- sensitive, together with a high competition in the market, some entrepreneurs turned to reduce their

. Entrepreneur have been reducing cost in other side such as wages and utilities, by taking measure to temporarily reduce employment and wages. However, price increases are difficult due to decreasing purchasing

success of the business depends on the number of customers. The potential of the business is thus difficult to be assessed than projects which have operated or provided services for a while. 10 Table of

recognition of foreign currency, reported date in balance sheet, exchange rate, variance recognition from foreign currency alteration 3.16 Gratuities pension and provident fund projects It shall disclose a

sheet, exchange rate, variance recognition from foreign currency alteration 3.16 Gratuities pension and provident fund projects It shall disclose a management for gratuities pension and provident fund

of items recognition of foreign currency, reported date in balance sheet, exchange rate, variance recognition from foreign currency alteration 3.16 Gratuities pension and provident fund projects It