for retirement saving Dual Process Theory 15 16 Experimental Design Experiment 1: Simple vs Complex Tax Incentive Option Pre-Requisition filtering respondents who understand how tax deduction works

marketing strategy. 9M’19 Functional drinks market growth remained strong at 21.9%, driven by C-Vitt, a No. 1 brand in functional drink market with the market share of 25.5%. In Q3’19, C-Vitt market share

either increasing or decreasing from changes of inventory at the end of period. Page 2 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market At the end of Q3/2019, domestic RTD fruit juice

prepare for the Company’s upcoming leaping growth in the future. 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market In Q2/2017, domestic RTD fruit juice market decreased 15% YoY due to

the modern trade channels, owning to the dynamics and competitive setting of energy drink market itself as well as relatively high bargaining power of reputable modern trade operators. These altogether

to concrete extensive distribution coverage were challenged, especially in the modern trade channels, owning to the dynamics and competitive setting of energy drink market itself as well as relatively

due to sales recovery in almost every segment, while cost per unit decreased QoQ due to higher capacity utilization and improved cost management. 2. Overview of Domestic Economy and Ready-to-Drink Fruit

setting of energy drink market as well as the relatively high bargaining power of reputable modern trade operators that these altogether could cause us a longer than expected lead time to initiate, go

purchase of machinery supporting the production of new types of products, such as ready-to-drink food supplements, medical food products, etc. 2. In the future, if the acquisition of the land plots adjacent

increasing or decreasing from changes of inventory at the end of period. Page 2 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market At the end of Q2/2019, domestic RTD fruit juice market