course of business, will not enter into any new material agreements with third parties, nor change the terms of any existing material agreements, irrespective of whether such agreements, or changes thereto

found the material adverse effect to the business transfer transaction and as of the business transfer date and there is no any event, circumstance or change that has or reasonably likely to have a

exchange Earnings from operation before change in operating assets and liabilities Operating assets (increase) decrease Long-term deposits at financial institutions Securities purchased under reverse

securities (Gain) Loss from assets distribution (Gain) Loss from foreign currencies exchange Earnings from operation before change in operating assets and liabilities Operating assets (increase) decrease Long

off (Gain) Loss from regulation of securities (Gain) Loss from assets distribution (Gain) Loss from foreign currencies exchange Earnings from operation before change in operating assets and liabilities

not borrowed added. Including on January , the Group began repaying principal from loan. In addition, the outstanding balance of financial lease contract is decreased from always repayment. These result

past collection history, aging profile of outstanding debts and the prevailing economic condition. The management believes that allowance for doubtful accounts is adequate in the current circumstances

(“AP”) during 2Q-4Q 2017 to fully compensate lower AP revenue in 1Q2017 if GHECO-One achieve Contracted Available Hours (“CAH”) of 2017  Outstanding plant availability after planned maintenance with

from the investment of Apollo had resulted in the ability to terminate the outstanding debts to financial institutions as well. However, if the Company can transfer the remaining backlog residences of

was able to repay loans during the period. Apart from that, the capital increase from the investment of Apollo had resulted in the ability to terminate the outstanding debts to financial institutions as