1/2 L-WAVE ENT 20/2020 15 May 2020 Subject : Management’s Discussion and Analysis for the first quarter 2020 operating results with variation greater than 20% compared to the same period of 2019 To
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robust operational performance across all our assets. The on-going structural changes in the PET industry created opportunity for well-managed and committed producers to align supply reliability and
and creating liquidity issue 3) Political and Geopolitical risks from the tensions in the Korean peninsula, US political issues impacting the US government tax reform bill and the wave of trade
across sectors and geography due to (1) a severe outbreak of the current third wave starting since the end of March 2021 which could induce the government to enforce additional partial lockdown measures
are allowed by law to invest; (3) giving advice through radio programs, television programs, newspapers or other print media in such ways that meet all of the three following conditions: (a) giving
institutional investors and concerns derivatives contracts overseas in which institutional investors are allowed by law to invest; (3) giving advice through radio programs, television programs, newspapers or
management of a fund by increasing from 20% to 100% the proportion of the fund's assets that can be sub-managed by a manager that is not regulated by a signatory.The revised Framework took effect on 23