cart rent fee and food and beverage income. In addition to increase golf revenue, this will help to improve the Company’ s image and surrounding housing projects. The new club house already started

and profits through consolidation of financial statements of the Subsidiary that will invest in this project. Therefore, the transaction is deemed reasonable and beneficial and will help enhance the

labor cost and raw materials since the 2nd quarter of this year. Even though this resulted in the Company had the production cost and the cost of goods sold increased, but this policy would finally help

this policy would finally help enhance the liquidity and cash flow to the Company. In this regard, the cost of sales and administrative expenses compared to the total revenue have continuously decreased

help enhance efficiency or reduce costs, the Company will hold those investments for the time being. After all invested projects are able to turn from cost to income, and the Company’s operating

upcoming high season in the last quarter 2017 and first quarter next year. These renovations should help enhance these hotels’ competitiveness in the market. For the Mixed-use project that is currently

Agreement and not exceeding PR value. In addition, the service fees will help increase liquidity and enhance operating result of the Company as the Company's group can leverage existing resources, as well as

length price of the agreements of a similar nature. In addition, the service fees will help increase liquidity and enhance operating result of the Company as the Company's group can leverage existing

additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, for the Company’s sustainable growth in the future. However, some investments

ICGN aims to help enhance substantive engagement between investors and company boards and management about the content and timing of integrated business reporting and decision- making by companies. In a