The Group is monitoring developments very closely, adjusting its policy to protect its high reserves

and continuing to invest in high-grade investment portfolios.

The Management considers that the aforementioned risk is not expected to materially affect the

financial position of the Company and the Group.

(c) Risk from fluctuations in commodity market prices and dependence on commodity supply

Given that a large part of the toys available to the Company and the Group originate in China,

Given that more than 60% of the Group's products originate in China and Hong Kong in order to

limit the economic impact of extraordinary events (indicatively: temporary trade embargo –

imposition of tariffs, etc.), the Management has adopted a policy of higher stocks, in order to

ensure the smooth supply of its customers.

(d) Credit and liquidity risk

It refers to the risk that the Company or the Group may face if a customer or customers fails to

fulfill their contractual obligations. In order to reduce their credit risk, the Group and the Company

apply a rational credit policy, taking into account market data, which they collect from information

banks, on the creditworthiness of their customers. The Group's and Company's claims come

mainly from wholesale sales, while a significant part of the claims come from large customers.

The financial situation of the clients is constantly monitored by the Group and the Company,

controlling the size of the credits provided, as well as the credit limits of each client. If necessary,

additional security and guarantees are requested.

Potential credit risk exists in available and cash equivalents, as well as in investments. In such

cases, the risk may arise from the inability of the counterparty to meet its obligations to the

Group. The Group ensures that it maintains appropriate diversification, and invests in

organizations with an increased credit rating to reduce risk.

The credit risk, which may arise from the inability of financial institutions to meet their obligations

to the Group in terms of investments and cash reserves, has been significantly reduced, as the

most significant part of them are placed either in systemic Greek banks or in international banks

outside Greece, of high investment rating.

The liquidity risk lies in the possibility that the Group will find itself in a position that will not allow