Common use of CAPITAL MANAGEMENT Clause in Contracts

CAPITAL MANAGEMENT. The primary objective of capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 2018, the Group's debt-to- equity ratio was 0.66 : 1 (as at December 31, 2017 was 0.64 : 1) and the Company's was 0.53 : 1 (as at December 31, 2017 was 0.51: 1).

CAPITAL MANAGEMENT. The primary objective of capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20182020, the Group's debt-to- equity ratio was 0.66 0.68 : 1 (as at December 31, 2017 2019 was 0.64 0.40 : 1) and the Company's was 0.53 0.74 : 1 (as at December 31, 2017 2019 was 0.510.50 : 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 2018, the Groupgroup of Company's debt-to- to-equity ratio was 0.66 : 1 0.47:1 (as at December 31, 2017 was 0.64 : 10.51:1) and the Company's ’s debt-to-equity ratio was 0.53 : 1 0.35:1 (as at December 31, 2017 was 0.51: 10.41:1).

CAPITAL MANAGEMENT. The primary objective of capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20182022, the Group's debt-to- equity ratio was 0.66 0.70 : 1 (as at December 31, 2017 2021 was 0.64 0.86 : 1) and the Company's was 0.53 0.63 : 1 (as at December 31, 2017 2020 was 0.510.76 : 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the separate statement of financial position as at December 31, 2018, 2019 Group has the Group's debt-to- debt o equity ratio was 0.66 3.43 : 1 (as at December 31, 2017 was 0.64 2018 : 3.35 : 1) and the Company's was 0.53 Company only has the debt to equity ratio 2.94 : 1 (as at December 31, 2017 was 0.512018 : 3.88 : 1).

CAPITAL MANAGEMENT. The primary objective of capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20182014, the Group's debt-to- equity ratio was 0.66 0.98 : 1 (as at December 31, 2017 2013 was 0.64 1.13 : 1) and the Company's was 0.53 0.75 : 1 (as at December 31, 2017 2013 was 0.510.85 : 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31September 30, 20182020, the Groupgroup of Company's debt-to- to-equity ratio was 0.66 : 1 (as at December 31, 2017 was 0.64 : 1) and the Company's was 0.53 : 1 (as at December 31, 2017 2019, 0.51 : 1) and the Company’s debt-to-equity ratio was 0.510.41 : 1 (as at December 31, 2019, 0.38 : 1).

CAPITAL MANAGEMENT. The primary objective of capital management of the Company and its subsidiaries is subsidiaries’ capital management are to ensure that it has an appropriate financial structure and preserves preserve the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 2019 and 2018, the Group's ’s debt-to- to-equity ratio was 0.66 0.60 : 1 (as at December 31and 0.65 : 1, 2017 respectively and the Company’s was 0.60 : 1 and 0.64 : 1) and the Company's was 0.53 : 1 (as at December 31, 2017 was 0.51: 1)respectively.

CAPITAL MANAGEMENT. The primary objective of capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20182019, the Group's debt-to- equity ratio was 0.66 0.90 : 1 (as at December 31, 2017 2018 was 0.64 0.66 : 1) and the Company's was 0.53 0.87 : 1 (as at December 31, 2017 2018 was 0.510.53: 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31June 30, 20182021, the GroupCompany and it subsidiary's debt-to- to-equity ratio was 0.66 0.56 : 1 (as at December 31, 2017 was 0.64 2020, 0.59 : 1) and the Company's ’s debt-to-equity ratio was 0.53 0.45 : 1 (as at December 31, 2017 was 0.512020, 0.47 : 1).

CAPITAL MANAGEMENT. The primary objective of capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20182020, the Group's debt-to- equity ratio was 0.66 0.99 : 1 (as at December 31, 2017 2019 was 0.64 0.89 : 1) and the Company's was 0.53 0.80 : 1 (as at December 31, 2017 2019 was 0.510.87: 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20182019, the Groupgroup of Company's debt-to- to-equity ratio was 0.66 : 1 0.51:1 (as at December 31, 2018 0.47:1) and the Company’s debt-to-equity ratio was 0.38:1 (as at December 31, 2017 was 0.64 : 1) and the Company's was 0.53 : 1 (as at December 31, 2017 was 0.51: 10.35:1).

CAPITAL MANAGEMENT. The primary objective of capital management of the Company and its subsidiaries is subsidiaries’ capital management are to ensure that it has an appropriate financial structure and preserves preserve the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20182021 and 2020, the Group's ’s debt-to- to-equity ratio was 0.66 0.51 : 1 (as at December 31, 2017 was 0.64 and 0.44 : 1) , respectively and the Company's ’s was 0.53 0.49 : 1 (as at December 31, 2017 was 0.51and 0.43 : 1), respectively.

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20182020 and 2019, the GroupCompany's debt-to- to-equity ratio was 0.66 0.19 : 1 (as at December 31, 2017 was 0.64 and 0.18 : 1) and the Company's was 0.53 : 1 (as at December 31, 2017 was 0.51: 1)respectively.

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20182021 and 2020, the GroupCompany's debt-to- to-equity ratio was 0.66 0.26 : 1 (as at December 31, 2017 was 0.64 and 0.19 : 1) and the Company's was 0.53 : 1 (as at December 31, 2017 was 0.51: 1)respectively.

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20182014, the Groupgroup of Company's debt-to- to-equity ratio was 0.66 0.62 : 1 (as at December 31, 2017 was 0.64 2013 0.49 : 1) and the Company's ’s debt-to-equity ratio was 0.53 0.62 : 1 (as at December 31December, 2017 was 0.512013 0.49 : 1).

CAPITAL MANAGEMENT. The primary objective of capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 2019 and 2018, the GroupCompany's debt-to- to-equity ratio was 0.66 : 1 (as at December 31, 2017 was 0.64 and 1.06 : 1) and the Company's was 0.53 : 1 (as at December 31, 2017 was 0.51: 1)respectively.

CAPITAL MANAGEMENT. The primary objective of capital management of the Company and its subsidiaries is subsidiaries’ capital management are to ensure that it has an appropriate financial structure and preserves preserve the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20182017, the Group's ’s debt-to- to-equity ratio was 0.66 0.92 : 1 (as at December 31, 2017 was and 0.64 : 1) , respectively and the Company's ’s was 0.53 0.92 : 1 (as at December 31, 2017 was 0.51and 0.63 : 1), respectively.