utilized or have not reached the optimal level yet. Therefore, cost per unit was higher at this point, which might continue to impact the Company’s operating performance in the short term, or for the next 2

increased over the past few years, benefiting from the shift in people’s behavior to spend more time outside as well as its strength as being a media that reaches consumers when they are on the go and

landscape brought about by the change in people’s lifestyles and the way people consume media. The increasing popularity of mobile phones (or smartphones) as made content more accessible and ever-present

flowers, leaf patterns, and folklore subjects to Garudas. Tea pot in the shape of a bale fruit. The rare design of two lions guarding a Thepanom (an angel) appeared on both sides of the pot. The background