repayment and for business operation, because the Company, in the past, has continuous loss in operating results. Thus, the Company considers the business restructuring of the Company’s group, whereby the
requires cash flow for debt repayment and for business operation, because the Company, in the past, has continuous loss in operating results. Thus, the Company considers the business restructuring of the
. Although the company has tried to expand the channels to the new market and variety of industries. The company also has subsidiaries in the group that have relatively high operating costs. And there are the
subsidiary will subrogate the right from the existing debenture creditor. For the business operating area after the subsidiary had disposed its assets, the creditor (the purchaser) agrees with the subsidiary
2016 30 Sep 2016 30 June 2018 1. Value of net tangible assets N/A N/A N/A 2. Net operating profits N/A N/A N/A 3. Total value of consideration paid or received 2.09% 2.17% 2.45% 4. Value of equity shares
improved operating performance. Coupled with overseas subsidiaries making higher loss from operations, the effective corporate income tax rate as reported on the consolidated financial statements was
Company has started operating under hotel management agreement with the Heritage Villa Zhouzhuang, a villa type hotel consisting of 33 villas. 3Q18 Performance Highlight: In 3Q18, the Company reported total
period 50.34 96.78 -46.44 -48% Net cash flows from operating activities 83.42 7.72 75.70 981% Net cash flows used in investing activities -377.39 -65.42 311.97 477% Net cash flows from (used in) financing
to the WIIK group has stable operating results and increase the overall performance of the Company in the future. 9. Sources of funds Long-term loans from financial institutions and cash received from