was more difficult and varied than the previous year which effected higher cost. Therefore, the proportion of cost decreasing is less than the proportion of revenue decreasing. 6. Cost of goods sold

for equity crowdfunding. Furthermore, in the case of ICOs, imposing the aggregate limit would not be an effective investor protection mechanism. This is because it would be very difficult to enforce and

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

or recommended for the portfolio. It should not be assumed that an investment in these securities or sectors was or will be profitable. Issuer name Consumer Products – Nutrition Country China Ticker

material. However, the Company was possible to generate profit from this business unit since there were Made to Order. Which is managing the raw material used to produce edible oil to be profitable. But the

profit from this business unit since there were Made to Order. Which is managing the raw material used to produce edible oil to be profitable. But the storage of crude palm oil cannot be stored separately

compared to the year 2021, due to the Company sold raw material to biodiesel producers and export raw materials at certain times that can be profitable. 2. Cost of Production Services In 2022, the cost of

sustainable and profitable growth of both high-volume Necessities and high-margin HVA business continues.  Our global scale of polyester value chain and HVA platform has been enhanced by recent acquisitions