rental space business did not grow much compared to the market growth. Therefore, the Company has focused on cost reduction as well as diversifying the business groups of the Company to increase revenue
signed a strategic partnership with Dossen International Group, one of the fastest growing hotel groups in China, to develop brand in China. The 2nd quarter of 2017, the Company has total revenue in the
customer groups of the company and its subsidiaries. The impact therefore greatly affects sales both volume, as well as the sales prices and gross margins of various product groups, which have weakened due
percent of the market price of the Company’s shares. In this regard, “market price” shall mean the weighted average price of the Company’s shares trading on the stock exchange of not fewer seven consecutive
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