the project would not go as planned where investment proceeds increase while income does not, the net cash flow will be negative.  In this regard, the SEC advises CWT shareholders to carefully study the

statement of equity change of the shareholders, and the annual cash flow statement 2015 due to inefficient internal control system with regard to the cost of sales and the inventory of 2014 and insufficient

Company Limited ("IFEC"), acquired the knowledge from the Board of Directors Meetings No. 11/2016, held on 1 November 2016, that IFEC faced a problem with insufficient cash flow to pay off its

. If the Company were to use its cash and/or financing from financial institution for the consideration of the Entire Business Transfer Transaction, it would be cause a material adverse effect to the

and amounts of the issuer's cash flows from operating, investing and financing activities in respect of each financial year required to be included in the prospectus and, if interim cash flow statement

initial public offering (IPO) of the Company’s new ordinary shares by resolutions of the Board of Directors’ Meeting No. 8/ 2018, held on December 19, 2018. The Company’s cash flow and/or financing from

/ 2018, held on December 19, 2018. The Company’s cash flow and/or financing from financial institutions 10. Opinion of the Board of Directors on the Transaction The Board of Directors’ Meeting, in which no

recommendations about corporate or legal structure, assets and liabilities, business operations, investment plans, lines of financing, business combinations, and the design of structured finance products. 1.23 In

source of fund from financing for wellness project seems to be difficult. The Company currently does not have the exactly figure of investment from this project. It has only roughly estimated figures which

of Capital Flow The Company will use its excess cash flow for this acquisition and still have adequate working capital for its ongoing operations. 8. Opinion of the Board of Directors on the