First Quarter of Fiscal 2021 Supplementary Material

POLA ORBIS HOLDINGS INC.

Director

Finance, Legal & Administration,

PR, IR and CSR

Akira Fujii

This report contains projections of performance and other projections based on information currently available and certain assumptions judged to be reasonable. Actual performance may differ materially from these projections resulting from changes in the economic environment and other risks and uncertainties.

  1. Highlights of Consolidated Performance
  2. Segment Analysis
  3. Forecasts for Fiscal 2021
  4. Initiatives Going Forward & Appendices

1

Q1 Key Topics

Cosmetics Market

  • The overall size of the Japanese cosmetics market (including exports) continued to shrink due to the impact of COVID-19
  • Inbound demand was sluggish due to Japanese border entry restrictions
  • The outlook for the net domestic market remains unclear, with the declaration of another state of emergency in some regions by the Japanese government on January 8, which was lifted only to be reimposed on April 25

Our Group

Source: Ministry of Economy, Trade and Industry, Ministry of Internal Affairs and Communications, Japan Tourism Agency, Japan Department Stores Association, and Intage SLI

Consolidated revenue and income increased, thanks to a strong performance

Medium-term Management

from POLA overseas, and growth in e-commerce across each brand

Plan Indicators (2021Q1)

POLA overseas revenue increased (+63% YoY), with high growth continuing in China

Overseas sales ratio

18.3%

(+3.3ppt*

ORBIS revenue and income decreased, with little activity from existing customers

Domestic e-commerce

Jurlique China revenue increased, and losses were improved

26.5%

sales ratio

(+2.6ppt*

Achieved a profit in overseas business across the Group

*vs Dec. 2020

  • Acquired tricot, Inc. as a subsidiary on April 1 (not reflected in the consolidated results forecast)

YoY Change in Consolidated Monthly Net Sales

  • Impacted by the declaration of a state of emergency, revenue

(%)

Jan.

Feb.

Mar.

decreased in January-February 2021 compared to the high

level achieved in the same period in the previous year, which

10

was before the impact of the COVID-19 pandemic

Results for the first quarter slightly exceeded the plan, as

0

strong performance from POLA overseas and e-commerce

Monthly net sales YoY

across each brand compensated for a decline in revenue in

(month by month)

domestic storefront operations

-10

Monthly net sales YoY

2

(cumulative

total)

Consolidated P&L Changes Analysis

Net Sales to Operating Income

FY2020

FY2021

YoY Change

(mil. yen)

Q1 Results

Q1 Results

Amount

%

Consolidated net sales

43,316

43,561

245

0.6%

Cost of sales

7,106

6,399

(706)

(9.9%)

Gross profit

36,210

37,162

951

2.6%

SG&A expenses

34,204

32,854

(1,349)

(3.9%)

Operating income

2,006

4,307

2,301

114.7%

Key Factors

sales

Increased, as e-commerce and overseas operations compensated for

Consol. net

the decrease in revenue from storefront operations

Cost of sales

Cost of sales ratio improved due to an increase in the contribution

from POLA's high price range products

Cost of sales ratio 2020Q1 : 16.4% 2021Q1 : 14.7%

SG&A expenses

Labor expenses: down ¥129 mil. YoY

Sales commissions: down ¥ 1,031 mil. YoY

Resulted from a sales decline at POLA consignment sales channel.

Sales related expenses: down ¥365 mil. YoY

Reduced due to expense rationalization

Administrative expenses, etc.: up ¥177 mil. YoY

Operating income

Operating margin 2020Q1: 4.6% 2021Q1: 9.9%

3

Consolidated P&L Changes Analysis

Operating Income to Profit Attributable to Owners of Parent

FY2020

FY2021

YoY Change

(mil. yen)

Q1 Results

Q1 Results

Amount

%

Operating income

2,006

4,307

2,301

114.7%

Non-operating income

88

1,518

1,429

-

Non-operating expenses

2,248

62

(2,186)

(97.2%)

Ordinary income

(154)

5,763

5,917

-

Extraordinary income

0

0

0

(74.9%)

Extraordinary losses

744

210

(533)

(71.7%)

Profit before income

(898)

5,552

6,450

-

taxes

Income taxes etc.

352

1,600

1,247

353.8%

Profit attributable to

(4)

11

15

-

non-controlling interests

Profit attributable to

(1,246)

3,939

5,186

-

owners of parent

Key Factors

Non-operating income:

Foreign exchange gain ¥1,396 mil.

Extraordinary losses:

Impairment loss related to storefront operations ¥185 mil.

4

Factors Impacting Profit Attributable to Owners of Parent

An increase in gross profit, a change in the business structure, and the impact of the exchange rate boosted profit attributable to owners of parent by ¥5,186 million YoY

(mil. yen)

6,000

5,000

4,000

3,000

2,000

1,000

0

-1,000

-2,000

Positive impact

Negative impact

533

1,263

3,939

3,615

Decrease due to

POLA consignment sales decline

365

177

129

1,031

Impact of exchange rates

204

746

-1,246

FY2020 Q1

Increase

Improved

Labor

Sales

Sales-

Admin.

Non-

Extraordinary Income

FY2021 Q1

Profit

in gross

cost of

expenses commissions

related

expenses,

operating

income

taxes,

Profit

attributable

profit

sales ratio

expenses

etc.

income

and loss

etc.

attributable

to owners

and loss

to owners

of parent

of parent

5

  1. Highlights of Consolidated Performance
  2. Segment Analysis
  3. Forecasts for Fiscal 2021
  4. Initiatives Going Forward & Appendices

6

Segment Results

FY2020

FY2021

YoY Change

(mil yen)

Q1 Results

Q1 Results

Amount

%

Consolidated net sales

43,316

43,561

245

0.6%

Beauty care

42,082

42,445

363

0.9%

Real estate

636

530

(106)

(16.7%)

Others

597

585

(11)

(2.0%)

Operating income

2,006

4,307

2,301

114.7%

Beauty care

1,700

4,190

2,490

146.5%

Real estate

289

206

(83)

(28.8%)

Others

4

13

8

161.3%

Reconciliations

11

(102)

(113)

-

Segment Results Summary

Beauty care

Revenue increased year on year, due to an increase primarily in POLA overseas

Operating income increased significantly due to an increase in gross profit

and changes in POLA's channel structure

Real estate

Occupancy rate has been maintained at a high level

Others

Revenue declined in the building maintenance business

7

Beauty Care Business Results by Brands

(mil. yen)

Beauty care net sales

POLA

ORBIS

Jurlique

H2O PLUS

Brands under development

Beauty care operating income

POLA

ORBIS

Jurlique

H2O PLUS

Brands under development

FY2020

FY2021

YoY Change

Q1 Results

Q1 Results

Amount

%

42,082

42,445

363

0.9%

25,057

26,330

1,273

5.1%

11,304

10,450

(854)

(7.6%)

1,297

1,672

374

28.9%

284

167

(116)

(41.1%)

4,137

3,825

(312)

(7.6%)

1,700

4,190

2,490

146.5%

1,592

4,123

2,531

158.9%

1,707

1,152

(554)

(32.5%)

(1,117)

(441)

675

-

(170)

(184)

(14)

-

(311)

(459)

(147)

-

Note: Consolidated operating income and loss for each brand are shown for reference purposes only (figures are unaudited)

8

Brand Analysis (1)

Q1 Result

  • Purchase per customer for consignment sales recovered to the same level as in the same period of the previous year, as a result of new product offerings, but revenue declined due to a decrease in customer numbers
  • Revenue from domestic e-commerce increased substantially
  • Mainland China (+120% YoY) and duty-free sales in Korea performed strongly
  • Inbound traffic (tourists only) accounted for approximately 2% of revenue (down 3ppt YoY)

Topics

  • Renewal of POLA WRINKLE SHOT SERUM (January)

Q1

Results (mil. yen)

YoY Change

Quarterly net sales (mil. yen)

Net sales

26,330

5.1%

Operating income

4,123

158.9%

40,000

32,021

Key indicators

30,000

25,057

26,330

Sales ratio

Consignment sales

68.0%

20,000

Overseas

20.0%

10,000

E-commerce

4.9%

0

Dept. store, B2B

7.1%

2019 Q1

2020 Q1

2021 Q1

Sales growth*

Consignment sales

down 3.9%

Overseas

up 62.5%

Quarterly operating income (mil. yen)

E-commerce

up 114.9%

6,000

5,594

Dept. store, B2B

down 27.9%

Consignment sales

# of sales offices**

3,503

4,000

4,123

channel

down 277

# of PB**

625 down 11

2,000

1,592

Purchase per customer*

up 1.5%

# of customers*

down 5.8%

0

2019 Q1

2020 Q1

2021 Q1

Number of stores overseas**

112 up 2

*YoY

9

Topics

Structural reform of sales channels is progressing,

with overseas operations and domestic e-commerce driving POLA's revenue growth

Sales Ratio by Sales Channel

Domestic e-commerce

Strengthened sales promotion

capitalizing on new products, achieving

a YoY increase in revenue of +115%

Domestic e-

commerce

3.4%

Domestic

4.9%

e-commerce

Overseas 15.4%

Overseas

20.0%

Department store and B2B 7.5%

Consignment sales 73.7%

Consignment

Department

sales

stores

FY2020

2021Q1

Also leading to enhanced sales in other channels

Overseas

Overseas Net Sales Trend

In China, launched the new B.A in March,

5.3 bil.

with progress exceeding the plan

(+63% YoY)

Other

Net sales in China

(Hong Kong, 3.2 bil.

grew by 2.2 times YoY

Taiwan, etc.)

Travel Retail

China

Launch event for the new B.A

2020Q1

2021Q1

(Yen)

10

Brand Analysis (2)

Q1 Result

  • New mail-order(e-commerce and catalog) customer acquisition continued strongly at +38% YoY, but revenue declined due to the impact of a decrease in existing customers
  • Focused on thorough communication in skincare, primarily for ORBIS U. and new brightening products

Topics

  • Launched new brightening serum,
    WHITE CLEAR ESSENCE (February)

Quarterly net sales (mil. yen)

Q1

Results (mil. yen) YoY Change

Net sales

10,450

(7.6%)

20,000

Operating income

1,152

(32.5%)

15,000

12,317

11,304

Key indicators

10,450

Sales ratio

E-commerce(1)

60.5%

10,000

(Proportion of domestic sales

63.1%

5,000

attributable to e-commerce)

Other mail-order

15.3%

0

2019 Q1

2020 Q1

2021 Q1

Stores and overseas

24.2%

Sales growth*

E-commerce

up 2.3%

Quarterly operating income (mil. yen)

Other mail-order

down 23.6%

4,000

Stores and overseas

down 16.6%

3,000

Mail-order** purchase per customer*

down 6.8%

2,000

1,719

1,707

Number of mail-order** customers*

up 1.1%

1,152

ORBIS U series ratio of sales (2)

28%

1,000

(1) From FY2021, e-commerce includes sales

* YoY basis

0

2019 Q1

2020 Q1

2021 Q1

from external e-commerce

** include e-commerce and catalog

(2) Total of ORBIS U, U white, U encore, and U.

11

Brand Analysis (3) Overseas Brands

Q1 Result

  • Jurlique revenue increased and losses were improved, with growth in China, particularly in online sales, despite some store shutdowns due to lockdowns in Australia
  • H2O PLUS revenue fell significantly in the amenities business with reduced deliveries due to shutdowns by business partners and restrictions on operations

Topics

  • Jurlique
    Renewal of major skincare products (March)

Activating Water Essence

Q1

Results (mil. yen)

YoY Change(1)

Jurlique

Net sales

1,672

28.9%

OP income

(441)

675

H2O PLUS

Net sales

167

(41.1%)

OP income

(184)

(14)

Key indicators

Jurlique

Sales ratio

Australia

17.6%

Hong Kong

13.4%

Duty free

14.3%

China

33.3%

Sales growth(2)

Australia

down 18.5%

Hong Kong

down 10.2%

Duty free

up 168.2%

China

up 75.9%

  1. For operating income, the YoY difference is shown as an amount (mil. yen)
  2. AUD basis, YoY

Quarterly net sales (mil. yen)

3,000

2,220

1,840

1,500

1,582

0

2019 Q1

2020 Q1

2021 Q1

Quarterly operating income (mil. yen)

2019 Q1

2020 Q1

2021 Q1

0

-500

-626

-1,000

-981

-1,500

-1,288

12

Brand Analysis (4) Brands Under Development

Q1 Result

  • THREE domestic e-commerce grew (+56% YoY)
    Revenue from department stores and other offline channels decreased, compared to the high level achieved in the previous year
  • DECENCIA revenue increased due to progressive new customer acquisition since the previous year, but income declined due to the continuation of proactive investment

Topics

  • DECENCIA
    Launched wrinkle-improving face mask (March)

ayanasu wrinkle O/L face mask concentrate

Q1

Results (mil. yen)

YoY Change

Quarterly net sales (mil. yen)

Net sales

3,825

(7.6%)

6,000

Operating income(1)

(459)

(147)

4,604

4,137

ACRO Net sales

2,101

(16.3%)

3,825

4,000

ACRO OP income(1)

(659)

(111)

THREE Net sales

1,686

(20.9%)

2,000

THREE OP income (1)

(228)

(167)

DECENCIA

Net sales

1,414

8.8%

0

2019 Q1

2020 Q1

2021 Q1

DECENCIA

OP income

182

(2.6%)

Key indicators

Quarterly operating income (mil. yen)

THREE

400

Sales ratio

Domestic storefronts, etc.

59.5%

200

116

Domestic e-commerce

16.8%

0

Overseas

23.7%

-200

Sales growth(2)

Domestic storefronts, etc.

down 19.5%

-400

-311

Domestic e-commerce

up 55.7%

-600

-459

2019 Q1

2020 Q1

2021 Q1

Overseas

down 43.1%

(1)

The operating income YoY change is shown as the amount (mil. yen)

13

(2)

YoY basis

Note: Also includes OEM business.

  1. Highlights of Consolidated Performance
  2. Segment Analysis
  3. Forecasts for Fiscal 2021
  4. Initiatives Going Forward & Appendices

14

Forecasts for Fiscal 2021 (Unchanged)

FY2020

YoY Change

(mil. yen)

Full-year Results

Amount

%

Consol. net sales

176,311

(43,609)

(19.8%)

Beauty care

171,658

(43,228)

(20.1%)

Real estate

2,291

(327)

(12.5%)

Others

2,361

(53)

(2.2%)

OP income

13,752

(17,384)

(55.8%)

Beauty care

12,965

(17,228)

(57.1%)

Real estate

710

(310)

(30.4%)

Others

128

(2)

(1.8%)

Reconciliations

(51)

156

-

Ordinary income

12,579

(18,051)

(58.9%)

Net income

4,632

attributable to

(15,062)

(76.5%)

owners of parent

FY2021

YoY Change

Full-year Plan

Amount

%

190,000

13,688

7.8%

185,900

14,241

8.3%

2,000

(291)

(12.7%)

2,100

(261)

(11.1%)

19,000

5,247

38.2%

18,850

5,884

45.4%

600

(110)

(15.6%)

50

(78)

(61.0%)

(500)

(448)

-

19,000

6,420

51.0%

11,300

6,667

144.0%

Assumed exchange rates : 1.00 AUD = 76 JPY (PY 73.66) 1.00 USD = 107 JPY (PY 106.81) 1.00 CNY = 15.4 JPY (PY 15.48)

FY2020

Shareholder

Annual ¥50

returns

Consol. Payout ratio 238.8

Capital

¥8,464 mil.

investment

Depreciation

¥7,255 mil.

FY2021 plan

Annual ¥51 (Interim ¥20, Year-end ¥31)

Consol. payout ratio 99.8

¥11,000 mil. - ¥13,000 mil. ¥7,000 mil. - ¥8,000 mil.

15

  1. Highlights of Consolidated Performance
  2. Segment Analysis
  3. Forecasts for Fiscal 2021
  4. Initiatives Going Forward & Appendices

16

Initiatives for FY2021 Q2 Onward

  • Accelerate growth in overseas business
  • Focus on promoting the new B.A, which is performing strongly,
    and strive to further accelerate growth in both storefront and e-commerce operations through strategic additional investment
  • Expand customer touchpoints, planning the opening of several new duty-free stores in Hainan during the second half
  • Make investment to build a customer base in domestic e-commerce over the medium to long term, and refine segment communication to enhance LTV
  • Launch a Wrinkle Shot limited-edition kit to reinvigorate customer activity (June)
  • Launch the first multifunctional UV product that also provides brightening care in the

White Shot series (April), and strengthen sales promotion in anticipation of seasonal demand for brightening products, through the coordination of advertising and online

eventsLeft POLA WRINKLE SHOT SEASON SPECIAL KIT L Right POLA WHITE SHOT SKIN PROTECTOR DX

  • Launch cocktail graphy, the first ORBIS personalized skincare product (April)
    • A flat-rate service (once a month) that provides skin measurement through an IoT device, and delivers serum to customers
  • Launch WRINKLE WHITE UV PROTECTOR (April), a sunscreen that brightens the skin and improves wrinkles, and expand skincare share within ORBIS

Commence periodic sales, and increase the repeat purchasing rate through thecocktail graphy promotion of inducement to periodic sales

Promote shopping-around to increase the purchase per customer of existing

customers

WRINKLE WHITE

UV PROTECTOR

17

Initiatives for FY2021 Q2 Onward

Overseas Brands

  • Renew the major skincare products, and develop them as hero products
  • Focus on digital-based marketing, including livestreaming by KOL

Activating Water Essence

  • In e-commerce, focus on acquiring new, high-LTV customers through Clean Beauty skincare

Brands Under Development

  • For THREE, expand Holistic Care products, and launch new oil gel- type cleansing products from the BALANCING line (May)

THREE BALANCING CLEANSING OIL GEL

  • E-commerce-onlygift promotions, launch kit products, and strengthen e-commerce sales promotions
  • Shift online to improve the business structure, reduce fixed costs and

improve profitability

E-commerce limited

ITRIM Elementary Facial Trial Kit

Improve the efficiency of customer acquisition, optimize the allocation of advertising expenses, and enhance profitability

18

(Appendix) About POLA ORBIS Group

Beauty care is the core business of the Group, and

10 different cosmetics brands are operated under the Group umbrella

FY2020

Consol. Net Sales

¥176.3 bil.

Range Price

Beauty care business 98%

Real estate business 1%

Other businesses 1%

(building maintenance business)

Overseas

Flagship

Brands under

Brands

Brands

development

¥20,000

High Prestige

¥10,000 Prestige

¥5,000

Middle-tier

Acquired as a subsidiary in April 2021

¥1,000

Mass-market

POLA CHEMICAL INDUSTRIES

Our strengths

  • Multi-brandstrategy
  • Focus on skincare products
  • Flagship brands, POLA and ORBIS own and operate through their own unique sales channels
  • Meeting diversified needs of customers
  • High customer repeat ratio
  • Strong relationships with customers

19

(Appendix) Beauty Care Business Brand Portfolio

Sales

Brand

Concept and products

ratio*

High-prestige skincare

60%

Leading-edge technology in aging-

Flagship

Since 1929

care and skin-brightening fields

brands

26%

Aging-care brand to draw out

Since 1984

people's intrinsic beauty

4%

Premium natural skincare brand

from Australia

Acquired in 2012

Overseas

Brands

Skincare with concept of innovation

1%

Acquired in 2011

and power of pure water

Skincare made with natural

ingredients from Japan and

Since 2009

fashion-forwardmake-up

High prestige quality makeup from

Since 2018

Japan

Brands

Premium skincare made from finely

under

9%

Since 2018

selected organic ingredients

develop

-ment

Industry's first men's cosmetics

Since 2018

focusing on makeup

Since 2007

Skincare for sensitive skin

Personalized beauty care brand

Acquired in 2021

operated by tricot, Inc.

Price

Main sales channel

Approx.

JP: Consignment sales, department stores and e-commerce

¥10,000

Overseas: Department stores, directly-operated stores, DFS(1) and

or higher

cross-bordere-commerce

Approx.

JP: Mail-order(e-commerce and catalog)

¥1,000~

and directly-operated stores

¥3,000

Overseas: E-commerce,cross-bordere-commerce, and DFS(1)

Approx.

AU: Department stores, directly-operated stores and e-commerce

¥5,000

Overseas: Department stores, directly-operated stores, DFS(1)

or higher

and cross-bordere-commerce

Approx.

¥4,000

US: E-commerce, hotel amenities

not sold in

Japan

Approx.

JP: Department stores, directly-operated stores

and e-commerce

¥5,000

Overseas: Department stores, DFS(1) and

or higher

Operated

cross-bordere-commerce

Approx.

Overseas: DFS(1) and cross-bordere-commerce

¥5,000~

JP: Department stores and e-commerce

¥10,000

by

Approx.

JP: Department stores and e-commerce

ACRO

¥20,000

Overseas: DFS(1) and cross-bordere-commerce

Approx.

JP: Department stores, directly-operated stores

INC

and e-commerce

.

¥2,000~

¥12,000

Overseas: DFS(1) and cross-bordere-commerce

Approx.

JP: E-commerce, department store

¥5,000

Overseas: Cross-bordere-commerce

¥10,000

Approx.

¥6,000

JP: E-commerce

¥10,000

*Sales ratio in the beauty care business as of FY2020. FUJIMI is excluded, as it was included in the scope of consolidation from April 2021

(1) Duty free stores 20

(Appendix) Improvement in Capital Efficiency and Shareholder Returns

Initiatives to Improve Capital Efficiency

Operating income CAGR30%

EPS

Achieve net income growth

Target for 2023

which is higher than operating

(Earnings per share)

income growth by decreasing

ROE movement

()

16.0

14.2

12.0

10.4

ROE 12%

=

overseas losses

(Return on equity)

Improve shareholder return

7.8

8.05.9

9.0

BPS

through dividends

(Book value per share)

Optimize balance sheet

Investment for future growth

4.3

4.3

2.6

4.0

0.0

2013

2014

2015

2016

2017

2018

2019

2020

Improvement of Shareholder Return

Basic Policy :

238.8

160

With a policy of consolidated payout ratio of 60% or higher,

210.9

enhance shareholder return by realizing stable profit growth

Purchases of treasury stock shall be considered based on our

investment strategies, as well as market prices and liquidity of

the Company's shares

Dividends forecast for FY2021:

120

80

99.6%

57.1%

67.7%

58.8%

40

41.4%

140%

130.3%

120%

100%

99.8% 80%

60%

40%

- Dividend per share

: ¥51 (Interim ¥20, Year-end ¥31)

- Consol. payout ratio

: 99.8%

41.5%

20%

0

0%

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

(yen)

(Plan)

Dividends

Special Dividends

Payout ratio

21

(Appendix) 2021 - 2023 Medium-term Management Plan

Management Indicators for 2023

Consolidated net sales

¥215.0 to 225.0 bil. in FY2023

CAGR 7 to 9

Net Sales

Overseas sales ratio

20 to 25% in FY2023 (15% in FY2020)

CAGR 20 to 25

Domestic e-commerce

30% in FY2023 (24% in FY2020)

sales ratio

Operating

Operating margin

15% or higher in FY2023

Income

Operating income

CAGR 30% or higher

Capital

ROE

12% in FY2023

Efficiency

Shareholder

Consolidated payout ratio

60% or higher

Returns

Strategy 1. Evolve domestic direct selling

Strategy 2. Grow overseas businesses profitably

Strategy 3. Profit contribution from brands under development

Strategy 4. Strengthen operations

Strategy 5. Expand new brands and domains of "beauty"

22

(Appendix) Beauty Care Business Results for FY2018 - FY2020 by Brands

FY2018

FY2019

FY2020

2019 vs 2020 YoY Change

(mil. yen)

Results

Results

Results

Amount

%

Consolidated net sales

248,574

219,920

176,311

(43,609)

(19.8%)

Beauty care

231,207

214,886

171,658

(43,228)

(20.1%)

net sales

POLA

150,183

135,502

102,888

(32,613)

(24.1%)

ORBIS

51,051

50,726

45,415

(5,310)

(10.5%)

Jurlique

10,386

7,765

6,444

(1,320)

(17.0%)

H2O PLUS

2,041

1,470

722

(747)

(50.9%)

Brands under development

17,544

19,421

16,186

(3,235)

(16.7%)

Consol. operating income

39,496

31,137

13,752

(17,384)

(55.8%)

Beauty care

38,294

30,193

12,965

(17,228)

(57.1%)

operating income

POLA

32,574

25,529

10,927

(14,602)

(57.2%)

ORBIS

9,340

9,252

7,329

(1,923)

(20.8%)

Jurlique

(3,763)

(2,968)

(2,489)

479

-

H2O PLUS

(552)

(825)

(724)

100

-

Brands under development

695

(794)

(2,076)

(1,282)

-

Note : Consolidated operating income and loss for each brand are shown for reference purpose only (figures are unaudited)

23

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POLA ORBIS Holdings Inc. published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 06:22:00 UTC.