the development of land and building of animal shelters on the land, bought by the Company in 2016 with the purpose to raise and breed the Company’s excess animals, were not able to proceed as planned

in this manner had not happened before. The fact in this matter, although seems not so complicated, relates to many provisions of laws under the purview of both the SEC and the DBD. Accordingly, while

qualified audit personnel and inability to react to changes of professional standards and more complicated structural transactions, will also be addressed to support market readiness for current dynamic

supervision 2.6 Quality Assurance & Review  Increasingly, complicated transactions in the financial market especially those in connection with listed companies and intermediaries such as securities houses have

complicated, and for the most part the existing laws do not cover all new ways of committing an offense in the capital market. Legal provisions applied to some cases are unclear and open to interpretation

) Loss on death of animals (2.82) (2.85) (0.03) (1.1) Depreciation (38.46) (44.39) (5.93) (13.4) Gross profit 219.19 256.89 (37.70) (14.7) Selling and administrative expenses (141.86) (156.18) (14.32) (9.2

increased at the higher rate than the revenue growth. 3 million % Total revenues 453.57 446.69 6.88 1.5 Cost of sales and services (195.12) (193.77) 1.35 0.7 Loss on death of animals (10.04) (1.64) 8.40 512.2

million % Total revenues 535.52 539.13 (3.61) (0.7) Cost of sales and services (214.88) (206.28) 8.60 4.2 Loss on death of animals (12.26) (0.78) 11.48 1,471.8 Depreciation (42.68) (49.16) (6.48) (13.2

case of movement or changes in transactions. This significantly decrease the time of each process because each activity in the Capital Market has complicated process and steps regarding document

has ended to maintain the benefit of continuous saving.?The post-retirement issue is getting more complicated as the society is moving toward longer lifespan and higher living costs especially medical