 Net debt to equity ratio as of 31 March 2018 stood at 0.34x, an improvement from 0.93x in 31 December 2017. Current ratio as of the same date stood at 3.09x, a significant improvement from 1.70x, both

. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However, the information provided in this MD&A may vary if

. Related Party Transactions 1. Provide the information required below for the period since the beginning of the issuer’s preceding two financial years up to the date of the registration statement, with

information as required in List (1) attached to the Notifications on Acquisition or Disposition of Assets, and then submit written notice to the shareholders within 21 days from the date of disclosure of the

for NML shares, which must be fulfilled prior to the signing date of the agreement (please see more details in Clause 2 of the Information Memorandum on the Asset Disposal, Schedule 1 of Nation

business operator may do so only with prior approval from the Office. In seeking such approval, the business operator shall present document and evidence related to operating plan, operating system in

present document and evidence related to operating plan, operating system in providing service, internal control system and risk management system for the securities borrowing and lending business, which

business operator shall present document and evidence related to operating plan, operating system in providing service, internal control system and risk management system for the securities borrowing and

characteristics in Group 3 under Clause 31, is not severe or has occurred for more than 10 years up to the date when such fact appeared to the SEC Office, the SEC Office [i] may not consider such case as a ground

occurred for more than 10 years up to the date when such fact appeared to the SEC Office, the SEC Office [i] may not consider such case as a ground for rejecting an approval, suspending or revoking an