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ordinary shares is considered a transaction to a potential controlling person of the Company. Furthermore, the investor will have the rights to nominate a person to be a director for the Company, follow the
current seven persons to be a director for the Company, follow the proportion of shares held by the investor. Hence, such issuance of the newly issued shares to the investor is considered a connected
make a tender offer for all shares in TBSP. The repayment of such loan shall not only improve the proportion of short-term interest bearing debt to long-term interest bearing debt to more suitable level
the Company borrowed from a financial institution to make a tender offer for all shares in TBSP. The repayment of such loan shall not only improve the proportion of short-term interest bearing debt to
repayment of such loan shall not only improve the proportion of short-term interest bearing debt to long-term interest bearing debt to more suitable level, but also reduce interest burden of the Company. The
(LCR) guidelines. Better loan management in the commercial banking system is likely to help improve loan quality, and is expected to result in the ratio of gross NPL to total loans growing at a slower
operations as SUTG has suffered from losses since 2018 and still been unlikely to improve in the near future. The impacts have significantly affected the overall performance of the Company, causing