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Capital Market Supervisory Board concerning Conversion of Property Fund into Real Estate Investment Trust; 4 “executive” means an executive as specified in the Notification of the Securities and Exchange
monitoring process for operations of subsidiaries or associated companies including setting guidelines to the person who is appointed as a director or an executive in the subsidiaries or associated companies
In this Notification: The terms “credit rating”, “bill”, “short-term bill”, “registration statement”, “listed company”, “parent company”, “subsidiary”, “executive”, “controlling person”, “high net