a rebound in demand of enterprise customers from a clearer political situation and a sizable project closed in the quarter. The strategy for the enterprise segment continues focusing on high-margin

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

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

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

election slated in November 2020. Even though tension over the US-China situation eased somewhat after Phase One of a trade deal was reached in mid-January 2020, the details of any further negotiations are

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

appoint one of the independent directors to act as the chairman of the meeting who will be entitled to have casting vote and resolve the tied votes accordingly. b) to follow any resolution or advice given

according to the recommendation of the Nomination and Remuneration Committee since they are knowledgeable and experienced, which would benefit to the Company’s operations 6. Propose to the 2020 Annual General