$/BBL, supported by arbitrages made from the Asian region to the European side is still feasible even with freight cost at a high level, but pressured from increased export quotas from China in the third

No.1 position in functional drinks market for five consecutive quarters. C-Vitt showed 37.8% YoY in Q3’19 even with higher base (after doubling the capacity in Q2’18), while Peptein showed outstanding

in the market. As a result, the Company’s cost of raw materials cannot adjust to the market price continuously decline in time. Even though, the government has imposed the urgent measures to absorb

period of new branches. However, the cost of food and beverages for core brands was well-controlled and even decreased from the previous year. Selling and Distribution Expenses (1) For the years ending 31

ordinary shares pro rata to their shareholdings (Rights Offering) as detailed in 1.2 later on even if they may have already sold their shares to ACO I during the tender offer period. In this regard, to

costs and lower utility cost. Utility cost, which was a major component (accounts for 30% of cost of rent and services) for shopping mall operation, decreased 3% YoY, even with a new shopping mall. On a

caused us a longer than expected lead time to initiate, go through their approval process and list our products to the shelves based on their conditions. Even though our sales volume of energy drinks under

based on their conditions. Even though our sales volume of energy drinks under Carabao trademark in the United Kingdom improved steadily quarter on quarter, up from the average monthly sales volume of

to maintain operating cost ratio in 2017 not to exceed that of 2016, even though the Ft rate has risen throughout 2017. Costs of food and beverage Costs of food and beverage constituted costs of

offer of financial assistance or the Granting of Loan Transaction, which is equivalent to the rate of 1.08 percent per annum plus 1 percent. Such amount is even more than the return that the Company may