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value unless such exceeding ratio does not occur from additional loans. The calculation for the ratio in the first paragraph shall also include the debt and equity of all subsidiary companies of
REIT; (b) the REIT manager holds more than 5 percent of the voting shares of the trustee; (c) a major shareholder of the trustee is also a major shareholder of the REIT manager; (d) a director or
board of directors has not unanimously approved the regulations, the number of dissenting directors shall be indicated and the conclusion of dissenting opinions shall also be included; (3) opinions of the
-term space. It also includes short and long-term rental services. The company would like to clarify the operating results for the year Ended on May 31, 2019 which was audited by the auditor and the Audit
Exchange or the securities trading center with the approval of the Office, as the case may be; (2) short sale of securities which are debt instruments, whereby the Office also has the power to issue