maintenance and higher fuel costs. We are confident that the operational improvements made will allow us to grow sustainably in the final quarter of 2017 and into 2018.” 2. Outlook With a pickup in global trade

SHR’s hotels with same warmth and hospitality, but with assured safety and hygiene procedures, and most flexible booking terms possible. SHR also believes that tourists from domestic market will firstly

securities company at the time of selling order but the securities company is confident that the customer owns such securities, regardless of whether the securities are in the customer’s possession or

securities company at the time of selling order but the securities company is confident that the customer owns such securities, regardless of whether the securities are in the customer’s possession or

exempted for (1) institutional investor (2) high net worth juristic person who denies taking the test and seller is confident that investor has good understanding about the product and (3) funds managed by a

reduces socio-economic disparities and promote sustainable financial well-being. We are confident that the goal of balancing between market regulation and development will significantly contribute to the

quarter of 2019. Currently, the condominium project has already booked over 60% of the total number of rooms. The company is still confident to transfer condominiums to customers according as according to

the first half of 2020, the company continuously got new orders from new projects. The clients are confident on quality, production capacity, and expertise of the company. This resulted in more orders

volatility described above, the Company remains confident in the long-term potential of the DW business. As market volatility declines we expect the DW business to return to normal. Please be informed

today affirms integrated collaboration of the institutional investors which will bring about even more solid self and market disciplines to drive capital market industry. For retail investors, the SEC