Ann: Appendix 4C Quarterly Activity and Cashflow Reports, page-82

I still think FIJ has a future. FIJ is a growth stock so the story is the key at the moment. I do not expect it can become profitable in near future.

The China MOU is not dead is just a start to expose to the Chinese consumer markets which overtook US in 2020 as the largest market.

It also exposes to the Chinese venture capital market. There is a huge amount of hot money looking for an investment as all the government in the world are printing money.

Just look at Tesla's share price, it started to sky-rocket from second half of 2019 when Tesla got Chinese finance to build a super factory in Shanghai.

Then this trend flow to NIO which close to bankrupt in early 2020 and quickly turned around.

I am still holding and wait for the positive news.