payment of 36.17 percent in spite of decrease in EBITDA of 0.83 percent from the end of year 2017. (5) Debt Obligation The Corporate Group has policy to mitigate risk from interest fluctuation by taking

, high level of capacity availability, and significant advances in the consistency of our products. Parallel a shift is taking place in the corporate culture, that our improved health and safety record

. These matters are being taken up by the Steel Associations and with the Government at various levels and the Government are taking steps to address the issues. Significant steps are – • The announcement

percent. (5) Debt Obligation The Corporate Group has policy to mitigate risk from interest fluctuation by taking long-term loan with fixed interest rate. Accordingly, as at December 31, 2019, the Corporate

accommodate a cashless society, we have developed new financial products and acquired new users, primarily taking into account convenience and security in financial transactions at a lower cost, in response to

into the connected transaction After due consideration by taking into account the rationale and the best interests of the Company and its shareholders, the Board of Directors (not including the

. Opinion of the Board of Directors on the entering into the connected transaction After due consideration by taking into account the rationale and the best interests of the Company and its shareholders, the

the information memorandum to shareholders. However, taking into consideration the good corporate governance and in order to provide shareholders with complete information, the Board of Directors

in this Information Memorandum is true and accurate and has carefully been prepared, mainly taking into account the benefits to the shareholders. This Information Memorandum has been prepared for

Group has policy to mitigate risk from interest fluctuation by taking long-term loan with fixed interest rate. Accordingly, as at December 31, 2017, the Corporate Group had no long-term debt obligation to