budgets to do CSR (Corporate Social Responsibility) instead. These are the main reasons that inevitably affects the Company's revenue and business performance. The Impact of the COVID-19 situation Risk

social distancing measures. Since the main business of U City is the Hospitality business, the effect of COVID-19 is unavoidable and severely felt. In order to reduce costs and minimise the adverse impact

of a summary reflecting the main characteristics of a Social Bond or a Social Bond programme and illustrating its key features in alignment with the four core components of the SBP may help inform

reflects the main characteristics of a Social Bond or a Social Bond programme, and illustrates its key features in alignment with the four core components of the SBP, may help inform market participants. To

the effective solutions to CSR problems should contain all pillars in order to gain benefit from their synergistic effects. Finally, a main channel for CSR in driving firm value is social engagement