OPEC’s lowered heavy crude export after production limitation were put in place since the past January. While the closure of Japanese refineries 10 | Management Discussion and Analysis of Business
significantly higher loss from the past. Currently, the Company has limitation in submitting an application for the bank to issue a letter of guarantee, which affects to operation in core business as to
the shares purchase agreement share subscription agreement have been fulfilled of which it is expected to complete within 20 July 2018. In addition, the key conditions precedent can be summarized as
specify) ( ) other (please specify) I hereby certify that the foregoing statement in this report is complete and accurate and contains neither any materially misleading statements nor any omissions of
report is complete and accurate and contains neither any materially misleading statements nor any omissions of material information that ought to be declared. Signature of the reporting person ( Mr. Tan
certify that the foregoing statement in this report is complete and accurate and contains neither any materially misleading statements nor any omissions of material information that ought to be declared
) ( ) other (please specify) I hereby certify that the foregoing statement in this report is complete and accurate and contains neither any materially misleading statements nor any omissions of material