came mainly from crude oil price rebound in 2018. And even with lower pressure on Glycerin price from growing market supply in the second half of 2018, full year average Glycerin price remained high
operating loss stores and to reduce wastage from the production process and storage process as well as to improve purchasing management by sourcing the new suppliers, which result in a decrease of the
shareholders None 6. Mr. Tomohiko Kasai None 7) Reasonableness of transaction 1. KYE would like to develop new development to improve quality and production cost. In this regard, the subsidiary of Mitsubishi
shareholders None 6. Mr. Tomohiko Kasai None 7) Reasonableness of transaction 1. KYE would like to develop new development to improve quality and production cost . In this regard, the subsidiary of Mitsubishi
from a distributor to a manufacturer 2. Create opportunity to increase production capability to shorten lead time and improve service for customers in the future 3. Since the US is the hub for new
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