quarter of 2020. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of total revenues was down to 35% in the first quarter of 2020. - Expect
. 7 The Company would be able to enhance its company group’s business structure by clearly separate the precision business and would have more efficiency in business decision both for the Company and
as well as through other financial instruments after the listing. The Company would be able to enhance its company group’s business structure by clearly separate the precision business and would have
total revenues. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues represented 39% in the second quarter and the first half of
maintained effective operating cost control with cost to income ratio at 37% of total revenues. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage
, decreasing by 8% y-y. However, the Company still maintained effective operating cost control with cost to income ratio at 39% of total revenues. Considering the Company’s separate financial statement, the
. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues was 36 in the first quarter of 2020. - Expected Credit Loss The consolidated
maintained effective operating cost control with cost to income ratio at 38% of total revenues. 5 Considering the Company’s separate financial statement, the operating and administrative expenses as a
each type of business: (1) securities brokerage; (2) securities dealing; (3) securities underwriting; (4) mutual fund management; (5) private fund management; (6) derivatives broker. Clause 6 The total