Ann: Appendix 4D and Half Year Accounts, page-37

Let me be honest, this company is full of it. They spend money to place advertisement on Asian-orientated digital channel. The company itself could only gain a temporary advantage but not a long term profitable business. Yes we used to rely on daigou heavily, but daigou's impact will fall in long term. Long story short, it is all about the sustainability. Not everyone can get a delicious pie from the milk money kingdom. Why don't you guys invest your money into the milk money itself?

And yes, my view of this company is all built on the basis that Infant Formula is AU8's major business.