Dear Shareholders,

 or new developments to affect the share negatively.
 For the moment, we are at the final stage of compiling 2017 figures with our accounting firm and

 we will disclose the resulsts as soon as the numbers are finalized.
 Also shareholders' meeting is scheduled to be held in two weeks after the 2017 results release.

 We will keep you informed on this.

 We believe 2017 saw a dramatic growth of revenue in nano fibre business and we are highly 

 confident this will be the case in 2018 as well.

 Our filter media business continues to show sustainable growth and our textile membrane lines are

 showing 100% utilization rate even after the doubling capacity late last year. Our B2C products are

 set to increase the revenue substantially with the expansion of distribution network such as

 homeshopping channel.

 We think overall performance of nano fibre will be quite satisfactory from 1Q onwards.
 Also the ever-money-losing Energy division is sure to turnaround with meaningful revenue growth

 starting from 1Q 2018 on the back of strong order back-log.

 We believe 2018 will mark a very significant year for us and for our shareholders.

 Best Regards,

 Kevin Jee, IR officer.