marketing with business partners. However, in regards to the current economic situation which is in an improved trend but the risks to asset quality remained in concerns. The Company therefore remains
support remote working and learning during COVID-19 in the prior years. As the COVID-19 situation improved in 2022, the study and work condition are beginning to return to normal, the demand for these
consolidated financial results, the Company has total revenues stable compared to the same period of last fiscal year due to the current economic situation which is in an improved trend but the risks to asset
financial situation. However, the Company has received a written waiver from its creditor on this issue in the third quarter of 2019, which is the most recent waiver. The Company has to maintain Debt to
the offering price of shares based on the market price which is the best price under the market situation in the period of the offering shares to investors, after authorized by the Extraordinary General
of the Company and its subsidiaries’ performance by Business unit 1.) Refinery and Oil Trading Business Group Crude Oil Price Situation (Unit : USD/BBL) Crude oil price Q4/2019 Q3/2019 QoQ Q4/2018 YoY
any factors or situation are changed in the future; the investors are, therefore, required to have their own discretion regarding the usage of this information for any purpose. For further detail
the financial situation of the Company. As for the agent fee of 1.5 percent of total sale, the rate is not higher than the fee rate in the steel industry which is at approximately 2.00 - 3.00 percent
which is the best price under the market situation in the period of the offering shares to investors, after authorized by the Extraordinary General Meeting of Shareholders No. 1/2019, by which the