unre$$atea a$$versitication$.$Why do you think this is the right call?

There are uncertain aspects of sheet

production that we may need to learn.

We can add in a new brand name with a

broader appeal.

We can leverage our production know$-$how.

Rachel

Alma Ng Lam, give us your thoughts on the

related versus unrelated diversification

question.

What are some of the advantages of

unrelated diversification?

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We could add value to some new

businesses through our role as a corporate

parent.

It diversifies our personal investments in

Cozy Cotton.

We can reap economies of scope across

these business lines.

It can leverage the Cozy Cotton brand that

means clothing that feels and looks good.