* Note Please find further information in the consolidated financial statements. 1 21 February, 2019 Subject: Management Discussion & Analysis (MD&A) for the year 2018 Attention: The President The
oil between the buyer and the seller. Also, each sale and purchase of crude oil agreement shall be approximately 1,000 ton with the delivery term of approximately 1-2 weeks, therefore, the Company is
mentioned the required ratio that the company needs to adhere to.The detail of debt obligation of the company can be found in note NO.18 to the financial statement. Asset turnover: The inventory was
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