FAMILY-FIRMS • Primary agency problem: Majority shareholder versus minority shareholder - Primary concern here is protection of minority shareholder interests. • Balancing positive weights of family

: Each without the other is insufficient on its own Driving data driven decisions- Integrating impact data into how organizations make decisions Includes negative as well as positive impacts – it is not

support of the positive CSR effect on firm value irrespective of which proxy is used to identify CSR latent variable. Third, this study shows that CSR strategies based on a single pillar of ESG or the

of our products, LUCARIS Desire Collection with Aerlumer signature won the China Good Design Award 2017 by Red Dot Award, Germany. The Company also continued strengthening its brands by promoting

ANALYSIS FOR PERIOD ENDED 30 SEPTEMBER 2017 3.1. Analysis of Q3 2017 and YTD 2017 results The key drivers of the Q3 2017 performance on the positive side were higher volumes which led to an 10.3% increase in

and regulatory control variables. We also find the year after volatility in the stock market increases, gambling markets performance is positive and significant, revealing these gambling investors

, consumers who have a broken mobile phone screen problem are mostly not thinking about changing to a new mobile phone because they want to save the cost of burden, although difficulty to use. The Company

desire for the Brand. Traditional forms of media such as TV and print are being increasingly supplemented or even replaced by new forms of media, including digital and social media. These developments make

3/2017 the company has less liabilities and has positive equity because of the debt restructuring and we have the net profit in every quarter. Please be inform accordingly. Yours sincerely

% (Royalty Fee & Marketing Fee) Shall be considered year on year and revenue sharing shall be made to WCIG when gained positive income Please be informed accordingly. If any further progress had been done