updated information and having an opportunity to make a decision on the issue, the Company deems it appropriate to propose to the shareholders to consider and approve the revision of the calculation of the

The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 1 Table of Contents Page Executive Summary 5 Secion 1 Request for approval to sell

of Directors. The information in the said matters shall clarify the directions and the determination to drive the business towards sustainability, as deemed appropriate by the Company, to be used as

and the determination to drive the business towards sustainability, as deemed appropriate by the Company, to be used as guidelines for investors to understand and monitor future business directions of

propose the Shareholders’ Meeting for consideration and acknowledgement of the Company’s Operation Result of the Year 2019. 2. Approved to propose the Shareholders’ Meeting for consideration of approval for

Shareholders’ Meeting for consideration and acknowledgement of the Company’s Operation Result of the Year 2019. 2. Approved to propose the Shareholders’ Meeting for consideration of approval for the 2019

therefore imposed the following sanctions:             (1)  Suspending approval for {A} as investment consultant for complex instruments type 1** and as assistant manager or an equivalent position for 15

revoke the approval as deemed appropriate. (Translation) -6- Clause 9. In cases where there appears later any fact that any capital market personnel who is director or manager of a financial institution

fairly. The investment advisory company shall submit an application for approval to the Office together with the document evidences as prescribed by the Office. The Office shall finish the consideration of

comply with Clause 8 to Clause 12. In the case where management company shall provide an operating system under paragraph one, such operating system shall have an approval from the Office before investing