“An advanced pricing arrangement (BAPA) refers to an advanced pricing arrangement signed between an enterprise and the two national governments to determine the relevant transaction price of a multinational enterprise to ensure that the company complies with tax regulations between multiple countries. In Malaysia, DLADY signed BAPAs with the Malaysian and Singaporean governments in 2014 to manage transaction pricing between the two countries. This arrangement provides DLADY with greater transparency and stability, enabling the company to more accurately calculate its tax obligations and avoid possible tax risks. As of March 2023, I don't know if DLADY still has this BAPA, as this requires consulting relevant company and government documents. However, DLADY has been actively taking steps to ensure that it complies with national tax regulations and creates long-term value for shareholders and investors.” This is CHATGPT's explanation about BAPA. This BAPA caused DLADY's Q4/2022 results to suffer losses. To this day, I still don't understand this. 😵