operation. The subsidiary has Enclosure considered the rental conditions, the rental price including the ability to control various costs and expenses, and found that it was worthwhile to rent the mentioned

store by using optimal current cash flow. Also, the Company will add more variety of materials to capture the ultra-luxury customer segment and grow customization ability for customers. Minor store

steadily (Growth Strategy). The Company, therefore, gears towards buying or merging with other businesses in order to benefit from being a larger size (Economy of Scale) and ability to cover a variety of

including the ability to control various costs and expenses, and found that it was worthwhile to rent the mentioned assets. For the period that the creditor (the purchaser) let the Enclosure subsidiary to

; - an analysis of the financial status and the operating results of the income guarantor and its ability to perform in accordance with the agreement. Specially, in the case where the auditor does not

investment capital with knowledge, ability, prudence and integrity in considering with the best benefit of investor. To avoid entering into transaction that may create conflict of interest between the fund and

prepared the production of B100 to follow the new standard of Monoglyceride content not exceeding 0.4%. Together with ability to efficiently manage raw material cost, gross profit was improved from the

the quarter. However, from the increase of the B100 products price combined with the ability to efficiently manage raw material, thus improving gross profit. As for the Ethanol Production and

following matters: (1) characteristics of the real estate, for instance, location, entrance and exit, opportunities for generating income and various encumbrances of such real estate; (2) the ability of the

capture the ultra luxury customer segment as well as growing customization ability for customers. Management Discussion and Analysis (MD&A) for the year ended 31 December 2019 F IN A N C IA L P E R F O R M