asset to generate revenue and it is only a place to run a business, which the Company can change to other locations. Also, the Company’s main income-generating asset is personnel. The Company is currently
accounting policy and reclassification 1 Backlog include only sold units with sales and purchase agreements Management Discussion & Analysis ( - translation - ) For operating result of 4Q/2019, ended 31
increased by 69.85% from the average selling price in 1st quarter of 2019. Currently, Company only sell to some industrial customers, which entered into short-term contract with specific quantities and
increased by 406.13% from the average selling price in 2nd quarter of 2019. Currently, Company only sell to some industrial customers, which entered into short-term contract with specific quantities and
quarter of 2019, and the average selling price was increased by 40.04% and total sales of Edible oil decreased by 41.52% from the average selling price in 3rd quarter of 2019. Currently, the Company only
by 55.09% from the average selling price in 2019 and total sales of edible oil increased by 27.32%. Currently, the Company only sell to some industrial customers but in some quarters did not receive
oil decreased by 53.84%. The existing customers had reduced order in line with the impact that they experienced from the COVID-19’s new wave of outbreaks. Currently, Company only sells to some
2nd quarter of 2020. Currently, Company only sells to some industrial customers and chained restaurants who were affected from COVID-19 pandemic and were forced to close their dine-in services by the
Company only sell to some industrial customers but in some quarters did not receive award from bidding, so the sales volume decreased. The Company entered into short-term contract with specific quantities