@egco.com Page 2 Management Discussion and Analysis 1. Significant events in the Third Quarter of 2020 1.1 The progress in construction projects 1.1.1 Project completion - Gangdong Fuel Cell Project (Gangdong
construction under a concession arrangement in accordance with percentage of completion of the fair value of assets. The Group’s management also recognized cost of construction under a concession arrangement at
based on the method of design & build, which is commonly used in the construction of world class theme park, whereby the details of the theme park’s design shall be decided after the completion of the
details of the theme park’s design shall be decided after the completion of the design for the main structure. The management of Carnival Magic has conducted addition detailed design of the buildings and
operation will continue to run smoothly and generate cash as forecast, and that the com pany will deleverage its capital structure and be able to control debt ratio as planned after the completion of capital
program rights was granted by the Company's Managing Director (MD) to authorize this transaction. 2. The Company recognized revenue from sales and delivery of program rights to two new local customers, whom
Franchise Fee* • In-store dessert and beverage sales across 38 outlets under “After You” and “Maygori” brand • Take-home product sales including customer purchases at branch and orders through food delivery
delivery. In addition, the Company attempted to increase sales by engaging in the development of products with customers to create reliability for customers in dealing businesses with the Company. Return on
of Shareholders No. 1/2017 in the case of any issue concerning the preparation of documentation and information which results in a delay in the delivery of documentation and information to the