resolved to maintain the policy interest rate at 0.50 percent. Though the economy is expected to contract more than in previous assessments, it is also likely to gradually recover in the second half of 2020

and lower operating rates in several fiber manufacturing units. As all of these set of issues are now behind us, improved earnings from the EMEA region will have a further positive earnings impact for

restructuring Value behind debt restructuring Asset value / interests accepted transfer Loss from debt restructuring Transferring asset for payment xx xxxx - xxxx xxxx Transferring interests for payment xx xxxx

comparative period, as follow: Category of debt restructuring Number Book value prior to debt restructuring Value behind debt restructuring Asset value/ interests accepted transfer Loss from debt restructuring

disclose detail for the current period and comparative period, as follow: Category of debt restructuring Number Book value prior to debt restructuring Value behind debt restructuring Asset value/ interests

Document that captures the various dialogues and inputs and substantiates the reasoning behind the requirements set in the Forestry Criteria. The Criteria are developed through a consultative process with

benchmarked. In addition, the KPIs’ definition, the rationale behind their selection and the calculation methodologies and perimeter of reporting are defined in the Framework and in internal documentation

or quantitative explanation of the contribution of the main factors, including M&A activities, behind the evolution of the performance/KPI on an annual basis; illustration of the positive

of international tourists. Private investment is prone to recover in the second half of 2017 especially in automobile equipment, consistent with significant growth of passenger car sales in Q3

comply with the terms and conditions of the loan agreement with the commercial bank. (6) Factors Having Impact on Future Operating Results The economic situation for year 2018 is expected to recover going