is the maximum shareholding percentage allowed under the laws of the Philippines. The shares acquisition transaction was subject to the approval from the meeting of the shareholders and upon certain

under the laws of the Philippines. The shares acquisition transaction was subject to the approval from the meeting of the shareholders and upon certain conditions precedent under the share purchase

deceases, resigns or SEC has annulled the approval, or securities company is part of the financial conglomerate which has shareholder structure, internal audit and supervise by the official agency as SEC has

view that the acquisition of ordinary shares of COMASS is reasonable and be the utmost benefit of the Company where the Company will have absolute control over the operation of COMASS resulting in the

laws3 Specify the applicable laws on debt securities 1.1.4 Clarify the obligations to which the Company has committed in the registration statement for securities offering and/or the approval conditions

Approval for Offering for Sale of Structured Notes and relevant notifications. - 4 - SEC Classification : ใชภ้ายใน (Internal) (1) Spending of the money obtained from each offering of equity or debt

skill, care and diligence; (3) management and control An intermediary shall take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems; (4

diligence; 2 (3) management and control An intermediary shall take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems; (4) financial

control An intermediary shall take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems; (4) financial prudence An intermediary shall

) Reasonableness of transaction The lease of buildings to SSE for use in its service provision is a reasonable transaction . This is because KYE has hired SSE to provide it with this service and the results is that