either increasing or decreasing from changes of inventory at the end of period. Page 2 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market At the end of Q3/2019, domestic RTD fruit juice
prepare for the Company’s upcoming leaping growth in the future. 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market In Q2/2017, domestic RTD fruit juice market decreased 15% YoY due to
the modern trade channels, owning to the dynamics and competitive setting of energy drink market itself as well as relatively high bargaining power of reputable modern trade operators. These altogether
to concrete extensive distribution coverage were challenged, especially in the modern trade channels, owning to the dynamics and competitive setting of energy drink market itself as well as relatively
due to sales recovery in almost every segment, while cost per unit decreased QoQ due to higher capacity utilization and improved cost management. 2. Overview of Domestic Economy and Ready-to-Drink Fruit
setting of energy drink market as well as the relatively high bargaining power of reputable modern trade operators that these altogether could cause us a longer than expected lead time to initiate, go
purchase of machinery supporting the production of new types of products, such as ready-to-drink food supplements, medical food products, etc. 2. In the future, if the acquisition of the land plots adjacent
increasing or decreasing from changes of inventory at the end of period. Page 2 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market At the end of Q2/2019, domestic RTD fruit juice market
want to maintain the standard and quality of water to production and distribution for drink business, and the expansion of the convenience stores business. As a result, the second quarter of 2018, has
increasing or decreasing from changes of inventory at the end of period. Page 2 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market In 2019, moving Annual Total (MAT) Year 2019 of domestic