thousand tons, decreased by 117 thousand tons or 31% YoY which affected from final resolution by the Trade Interests and Remedies Committee to get no extension of the safeguard measures for imported hot
of safeguard against Alloy Steel since February, 2019. The Company had to reduce its selling prices in line with Imports to retain its production and sales volumes. Consequently, the average selling
Company in the near future. Moreover, it will deliver sufficient returns for the Company’s shareholders in the long term. 9. Funding Source in Acquiring Assets Carnival Magic Project’s total investment
in M&As where they generate synergies with our business. We also invested surplus funding that we received from our IPO in mutual fund in accordance with our investment policies which adopted a
an existing plant. Source of Financial Capital As the group as no interest bearing debt and operating working capital is positive the groups funding is from the shareholders equity. Major Factors which
because Board of Directors considered for the benefits of the group of the company. This transaction is needed as WCIH will have the funding for debt repayment and working capital. In addition there is the
second quarter accounted for 11% of total revenues decreased from 12% in Q2/2016. The average funding cost decreased from 3.71% in Q2/2016 to 3.44% in Q2/2017. Net Profit For the first half of 2017
the expanding to more foreign customers which will generate the recurring income and value-added to the Company in long run 8) Funding Source for The Transaction The Company will use the Company’s
Financial Capital As the group as no interest bearing debt and operating working capital is positive the groups funding is from the shareholders equity. Major Factors which could have an Impact on the
to repay Link Capital I’s loan comes from its working capital and/ or new funding from outside source. Related persons and conflict of interests The Company directors, namely, Mr. Richard Jim Yee, Mr