number of shares with voting right of such company in the lower level; or (d) a company whose shares are held by a parent company or other companies under (a), (b) or (c), whether directly or indirectly
voting right of such company in the lower level; or (d) a company whose shares are held by a parent company or other companies under (a), (b) or (c), whether directly or indirectly, by itself or combing
shareholding in each level exceeds fifty percent of the total number of shares with voting right of the company in the lower level; (4) company whose shares are held by parent company or other companies under (1
, the highest transaction total value is lower than 15 percent, and as such, the Asset Acquisition Transaction is not subject to disclosure of information or other acts under the Notifications on
may lower farm income and 4) on going high level of household debt limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first five months of 2019 still
partners, particularly China which may impose risks to exports growth 2) political uncertainties which may impact investments and consumptions 3) risks of drought which may lower farm income and 4) on going
level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy, lower than expected growth in
household debt including lower household income especially in the non-farm sector limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first eight months of
debt including lower household income especially in the non-farm sector limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first 9 months of 2019