Meeting according to the regulation of authorization manual of the company and also considered and acknowledged by the Board of Directors Meeting No. 1/2016. In this regard, the transaction was considered
of the Company and thereafter presented and acknowledged by the Board of Directors of the Company during the Board Meeting No. 12/2018 on November 9, 2018. Hinoki WW has ordered the purchase of Hinoki
objectives to processing, manufacturing and selling Hinoki wood products. In this regard, this transaction was also approved by the Investment Committee of the Company and thereafter presented and acknowledged
transaction was also approved by the Investment Committee of the Company and thereafter presented and acknowledged by the Board of Directors of the Company during the Board Meeting No. 12/2018 on November 9
products. In this regard, this transaction was also approved by the Investment Committee of the Company and thereafter presented and acknowledged by the Board of Directors of the Company during the Board
overall observations that the Audit Committee has found during the performance of its duties according to the Charter of the Audit Committee. Other reports which should be acknowledged by the shareholders
corporate plans, strategies and beliefs and other statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect
fund thereof to the trustee for consideration of the REIT’s units”; (2) properties which become trust properties of the REIT. In this regard, the initial trust property shall be identified materially