Microsoft Word - MD&A_2020_Q2_E Management Discussion and Analysis: MD&A 1. Company Situation The company’s turnover for the second quarter of 2020 is still in decline, when compared to the same

services of ...................., as detailed as follows: Position * Responsibilities ** No. of Persons Experience in Auditing (year) *** Average Experience **** Employee Turnover (%) ***** Partner Senior

Turnover Ratio Settlement Period: Sharpe Ratio Alpha Remark: ……………………………………...………………….……. ………………………………………………………………………… ………………………………………………………………………… Beta Tracking Error Average Maturity of Debt Instruments

: Recovering Period Minimum Initial Subscription Amount: Minimum Redemption Amount: FX Hedging Minimum Subsequent Subscription Amount: Minimum Holding Balance: Portfolio Turnover Ratio Settlement Period: Sharpe

Amount: Minimum Holding Balance: Portfolio Turnover Ratio Settlement Period: Sharpe Ratio Alpha Remark: ……………………………………...………………….……. ………………………………………………………………………… ………………………………………………………………………… Beta Tracking

Redemption Amount: FX Hedging Minimum Subsequent Subscription Amount: Minimum Holding Balance: Portfolio Turnover Ratio Settlement Period: Sharpe Ratio Alpha Remark

of using the total assets to profit from the turnover of total assets in this quarter changed little from the 1st quarter of 2019, from 0.31 times to 0.34 times. Liquidity ratio decreased from last

technology of group companies. There is a clear development in term of the Decentralized Digital Lending Platform through hiring a global system developer to develop Blockchain Lending System and it is

/share. Gross Profit Margin decreased from 20.30% to 16.61%. The efficiency of using the total assets to profit from the turnover of total assets in this quarter was equal to the second quarter of 2016 at

using the total assets to profit from the turnover of total assets in this quarter was equal to the third quarter of 2016 at 0.32 times. For the nine-month period of 2017 was nearly by the same period of