Ann: Appendix 4C - quarterly, page-3

- Cash receipts up 30% year on year (not too worried about outstanding accounts receivables with large companies and educational institutes)

- Product development of Ai English --> not too sure what improvements have been made specifically (e.g. if it is now better than or as good as the competitors) but it's good to keep innovating.

- Winning contracts: "...started new relationships with several important and strategic clients".

Others have stated as long as they are transparent and improving the fundamentals of the business it should do well.

I personally think that:
- It is a growth industry (which will be helped by COVID)
- Has good fundamentals
- Low PE - 6.7 currently
- EPS - 4.7 cents per share
- Growing net income and profits year over year
- Acquisition, when it makes sense
- Paying a dividend

I think the risks are:
- Company fundamentals are improving but the share price is decreasing (if this will be a short term event or not, I'm unsure)
- Associated with China and investors being wary of this
- It is classified as a "Consumer Services" company but (although it may be wishful thinking of my part) if it could be reclassifed as a technology company