specialization, type of products, customer market, target customer, and distribution of the Company are different than that of the Target. 2. The Company expects that the Transaction, through cooperation and

, type of products, customer market, target customer, and distribution of the Company are different than that of the Target. 2. The Company expects that the Transaction, through cooperation and economies

for GPSC to grow with the company’s expertise in operating power and utility producing and distribution. Furthermore, GPSC relentlessly seeks for new investments in domestic and international arena with

with some risks. Nevertheless, strengthening the domestic economy requires a long-term strategy to solve the country’s structural problems and promote a more even distribution of economic prosperity to

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of capital market products or [ii] the decision for investment on behalf of the client (front running); (2) using investment analysis data, prepared by itself or received for distribution, in favor of

Depreciation and writing off bad debt and doubtful accounts Income tax to be written off (Gain) Loss from regulation of securities (Gain) Loss from assets distribution (Gain) Loss from foreign currencies

securities (Gain) Loss from assets distribution (Gain) Loss from foreign currencies exchange Earnings from operation before change in operating assets and liabilities Operating assets (increase) decrease Long

off (Gain) Loss from regulation of securities (Gain) Loss from assets distribution (Gain) Loss from foreign currencies exchange Earnings from operation before change in operating assets and liabilities

Offeror’s core business is the production and distribution of public utilities, whereby the Tender Offeror is both the business operator itself and the investor. As of 31 December 2018, the Tender Offeror has