continuously improving its payments business by completely revamping the “more-tap” page on the LINE app. The page is now changed to the “wallet” page with RLP as the focal point for LINE users. The wallet

revamping programs. However, the slight reduction in credit card revenue is inline the higher minimum repayment rate increasing from 5% to 8% this year, and the number of full-payment was higher than last

in the last quarter of the year, due to the marketing promotion expense, and the annual service station maintenance and refurbishing expenses. Management Discussion and Analysis of Business Operation