Oxides and Derivatives (IOD) segment’s continued development as envisaged in our strategy announcement in February 2019 and includes much sought-after portfolios of value-added EODs and Propylene Oxide (PO

purchase of accounts receivable was 77.2 percent of the total income. The Profit from loans receivable from purchase of accounts receivable which was the revenues from fully amortized bad debt portfolios

proprietary portfolios; (7) Any other financial institutions specified by the Office with the approval of the Securities and Exchange Commission; (8) Securities companies for the management of assets of any

the management of proprietary portfolios; (7) Any other financial institutions specified by the Office with the approval of the Securities and Exchange Commission; (8) Securities companies for the

acquisition cost for portfolios of loans purchased and Foreclosed Collateral Properties with various holding periods as of 30 September, 2019 Time since acquisition Less than 1 years From 1 to less than 2 years

previous recorded in 3Q.2019, due to an increase in bank loans to acquire new portfolios and short-term loans for working capital. ● Interest and discount on promissory notes in 4Q.2019 was lower by 52.82

Company Limited The following table sets forth certain details regarding the company’s cash collection and acquisition cost for portfolios of loans purchased and Foreclosed Collateral Properties with

and premiumization. Placing a high value on innovation, the Company plans to launch 2 to 4 new products in both our beverage and personal care portfolios. Personal care category is expected to continue

of which mostly are materials, service / sub-contractors and project management costs applicable to both portfolios. Cost of Sales (CoS) Jan.-Jun. 2016 Jan.-Jun. 2017 MB GM (%) MB GM (%) CoS for

, with the recent acquisition of the arcona Hotel Portfolio comprising 19 hotels; (17 operating hotels and 2 projects under development), this will enhance the performance of hotel portfolios in Q3. Our