Yes, castiglioni has stated they have 12 new models in the pipeline. Also cash is not necessarily all in china banks. There is no indication of this in the reports. It is not in Australia by and large, by why would it need to be? They have little expenses in Australia. Chinese mainland companies selling worldwide demand payments in USD and they always (my experience) demand payments to be into hong kong banks. Their exposure to various currencies is in the reports. Most of it is USD then EUR and CNY and other currencies (irrelevant amounts). In CY 22 they moved lots of exposure to EUR to USD, probably because of the war?
Ann: Entitlement Offer to Raise up to $10.8 Milion, page-94
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