office space due to the fact that over the past period, the Company has expanded its business, and as such, it is necessary for the Company to utilize more space to accommodate the expansion of various

percent from that of the same period of the previous year. The Company started to utilize seaweeds from the 2019 season in full since late June, and as such, the costs of seaweed dropped during the second

, and environment. The Q3 /2020 is the period that the Company has boost the productivity since the Company can utilize new warehouse space after raising fund from initial public offering. Additionally

delivery and production order. As a result, the cost of sales per unit increased together with the subsidiaries could not utilize full capacity. (4) Dividend income The Company received dividend from Millcon

after the shares have been offered to the investors (2015) 5. Objectives of the capital increase and plans for utilizing proceeds received from the capital increase The Company will utilize all proceeds

Company be able to utilize the LED screens and billboards of COMASS in its full efficiency as well as to maximize the synergy between business of COMASS and the Company. 11. Opinion of the Audit Committee

shareholders attending the meeting and having the right to vote, excluding shareholders having interests. In addition, the Company will utilize proceeds received from the issuance and allocation of the newly

blocks, may also have an incentive to divert corporate assets and exploit opportunities for personal gain (e.g. RPTs, share dilutions). Frameworks for disclosure of beneficial ownership and control have

by referencing from the cash flow of COMASS in the future which is the appraisal of Free Cash Flow to Equity. 8. Expected Benefits for the Company 1. The Company will be able to utilize the LED screens

started resulting the Company has to realize the cost including the depreciation of factory, machinery and other system; however, the manufacturing capacity has not utilize in its full capacity and the