increased by 2.91 $/BBL with respect to demand recovery from the Asian countries, especially China, after its demand shrunk in 2016 from the limitation of excess production in the industrial sector and real
performance of the Company, causing significantly higher loss from the past. Currently, the Company has limitation in submitting an application for the bank to issue a letter of guarantee, which affects to
Impact Figure 1 Climate-Related risks, opportunities, and financial impact Scenario analysis: a tool for forward-looking disclosure 33 • Explore alternatives that may significantly alter the basis for
nature, subject to significant risks and uncertainties. All statements, other than statements of historical fact contained herein, including, without limitation, those regarding the future financial
significant risks and uncertainties. All statements, other than statements of historical fact contained herein, including, without limitation, those regarding the future financial position and results of
be taken by all other creditors such as ACO I so it was limitation for the Company to procure funding sources from loan from financial institution to be used for business operation. Currently, the
the limitation of dividend payment. 10. Opinion of the Company’s Board of Directors Concerning the Transaction The Board of Directors unanimously approved the transaction due to its consideration and