Shareholder's only hope at AGM

The management fee of BPAM is calculatedbased on the Portfolio Value of BFC of 1.2%, in another word, value of asset. 14 million placement was used to expand lacto plant, asset is developing, is it profitable? At least not in FY2021.

Resolution 6 proposed to placement, if itgot passed, the equity will be diluted again.

No profit have been reported so far. I amincreasingly concerned with this funding circle. 5 years, the current board andmanagement’s experience seems exhausted to turn the tables, time to make some changeand get some help from outside.

Vote Against to Resolution 1 and Vote Forto Resolution 2, this is our only hope so far.