Not havingany external debt is a good story, not having...

Not havingany external debt is a good story, not having sufficient funds to completeprojects is quite another.

Yes quarterlyreports are not business ubdates. However, 31 July 2023 quarterly refers eg. todiscussions with Landband re: US$165m loan.

31 July 2023EWC quarterly report states, in part, that “The Company continues to provide funding for the Pagbilao Combined Cycle Power Project and its related Transmission Line development activities as discussions with Landbank are also progressed to secure the loan funding for the completion of the project”.

Are these loan discussions (US$165m) still ongoing, have they reached a ‘dead end’ (like the 2015 US$150m Landbank loan offer), when does EWC expect to be able to fulfill all conditions precedent and when can EWC drawn down these funds.

The silence on the latest US$165m Landbank loan is certainly not in line with tranparancy nor with informing shareholder in a timely manner. Having referred to these loan discussions in its 31 July 2023 quarterly report, it is surely incumbent on EWC to mention any progress on thus matter in this 30 October, 2023 quarterly report