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respect, the Board of Directors’ Meeting No. 6/2017, held on July 14, 2017, approved the allocation and offering of not more than 3,343,000,000 newly issued ordinary shares of the Company, at the par value

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business in the category of investment advisory service; “person with power of management” means a person responsible for a line of work relating to investment advisory service, ranging from the level of the

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(Microsoft Word - Rev.2 62 UPF\244\323\315\270\324\272\322\302 MDA E \341\241\351\344\242 27-2-63.doc) ( Translation ) Subject: Management Discussion and Analysis (MD&A) for the year ends on 31st