new clients in the COVID- 19 situation is quite difficult. The managements and team brainstorm for strategy how to propose work that is suitable for the COVID-19 situation as the alternatives to the

from poor timing and end up buying and selling at the wrong times. /Timing the market is too difficult. “It is a losing strategy” gChasing (short term) past performance has been a basic investment

that are difficult to detect. For example, (1) fraudulent transactions through a subsidiary located overseas that has obscure business objectives and is hard to inspect, (2) trading transactions and

Management Discussion and Analysis Yearly Ending 31 Mar 2022 14/02/2022 18:26 Management Discussion and Analysis Quarter 3 Ending 31 Dec 2021 11/11/2021 18:13 Management Discussion and Analysis Quarter 2

Heading Link 25/02/2022 07:52 Management Discussion and Analysis Yearly Ending 31 Dec 2021 17/01/2022 12:50 Management Discussion and Analysis Quarter 3 Ending 30 Sep 2021 (Revised) 10/11/2021 08:10

Heading Link 28/02/2022 20:22 Management Discussion and Analysis Yearly Ending 31 Dec 2021 12/11/2021 17:35 Management Discussion and Analysis Quarter 3 Ending 30 Sep 2021 16/08/2021 18:47 Management

Yearly Ending 31 Dec 2021 (Revise) 24/02/2022 17:14 Management Discussion and Analysis Yearly Ending 31 Dec 2021 11/11/2021 20:33 Management Discussion and Analysis Quarter 3 Ending 30 Sep 2021 13/08/2021

Management Discussion and Analysis Yearly Ending 31 Mar 2022 (Revised) 31/05/2022 12:44 Management Discussion and Analysis Yearly Ending 31 Mar 2022 28/02/2022 13:22 Management Discussion and Analysis Yearly

value chain. Note: Core EPS for 2013 numbers are not restated by quarters with change in new accounting policy as not material. Though yearly numbers are restated. Figure 2: Global Industry Spreads in PET

from the announcement. Financial structure The Company emphasizes the importance of financial structure management efficiency which should be flexible in difficult circumstances and able to maintain the