regulations under Chapter 7/1. Clause 4 In the case where there is a necessary and reasonable ground, the SEC Office may grant a waiver for an intermediary from complying with any rule under this Notification
of Securities Issuers. 4 Chapter 2 Power of the SEC Office _____________________ Clause 9 In the case where it appears to the SEC Office a fact causing any of the following suspicious grounds, the SEC
period before starting the operation. NCL USA expected higher profit in the future. In July 2018, NCL Singapore, a subsidiary of NCL, established 3 following subsidiaries, operating the business of
the last quarter of 2017, starting to be used in production during the first six months of this year which resulted to cost of sales of goods to be increased in this period. 2.2. Distribution costs for
than the volume in Q3 2020. The main reason for the lower than plan revenue was largely due to microchip shortages and the 4th wave of Covid-19 starting in July 2021. Demand for cars remained strong
Office may grant a waiver for an intermediary from complying with any rule under this Notification regarding communication with and providing services to clients on a case-by-case or temporary basis. In
prohibited characteristics of personnel in securities businesses. In case the applicant appears to possess any prohibited characteristics, the Office shall proceed in accordance with the rules and procedures