% 44,981,548 32.37% 54,608,687 32.26% Total Expenses 123,391,397 94.70% 150,785,709 108.52% 226,898,920 134.03% Financial Expense (435,600) -0.33% (361,461) -0.26% (792,911) -0.47% Tax (912,332) -0.70% (443,083

shareholding of Mr. Chanet will change from holding of ordinary shares in the amount of 31,665,220 shares and preferred shares in the amount of 2,544,750 shares, equivalent to 24.30 percent of the total paid-up

change, depending upon the market price of the ordinary shares of the Company on the date which the Board of Directors determines the offering price of shares based on the market price which is the best

obligations under the Share Sale and Purchase Agreement and the Share Subscription Agreement. Other Obligations No change has occurred, which causes a material adverse effect on the business or condition

Other creditors and accrued expense 6,582.50 2,387.57 Outstanding interest 5,667.22 635.33 Provision for liabilities 668.28 668.28 Other current liabilities 2,467.28 2,467.28 Total Current Liabilities