applying loan with financial institution. For the construction of Data Center to be continued as planned, the shareholders lent the money to Genesis Data Center Co., Ltd. and repay when completed applying
the liabilities side an increase in the short-term borrowing facility in order to fund the earlier than planned Capex required to return the kilns to full capacity contributed to the increase in current
planned major maintenance, the Company expects higher Availability Payment (“AP”) during 2Q-4Q2019 to fully compensate lower AP revenue in 1Q2019 if GHECO-One achieve Contracted Available Hours (“CAH”) of
enhance liquidity. The planned measures aim for utilizing the Company’s investment in the past 3 years to reach cost- effectiveness and break-even point as soon as possible. In Q1/2019, with our mentioned
manage fixed costs, stop additional investments, and most importantly focus on cash management to enhance liquidity. The planned measures aim for utilizing the Company’s investment in the past 3 years to
(“Partial Business Transfer”). The value of such Partial Business Transfer will equal to book value as at the transfer date. The Partial Business Transfer to its subsidiary planned to set the business
Company still operates business as planned by increasing service on Boonterm kiosk and expanding business to new businesses in order to attract more customers to use the Boonterm kiosk and expand the
are major kiln repairs scheduled for the second half of 2018 which will require considerable Capex investment in the range of 30mTHB however this has been planned and budgeted for. Net cash from
the development of land and building of animal shelters on the land, bought by the Company in 2016 with the purpose to raise and breed the Company’s excess animals, were not able to proceed as planned