change in policy on procedure and the license approval process of the licensing agency, which is the Department of Energy, Ministry of Energy, the Philippines. It is still in the process of reviewing

agreement have been fulfilled. Currently, the status of the project is pending for the construction license approval process of the project, which delays due to change in policy on procedure and the license

economy, politics, and governmental policies relating renewable energy through expansion of investment to Japan. 2. The Company does not have any policy to make a significant change in its major business

and approve the authorisation of the Board of Directors or a person delegated by the Board of Directors, to determine, amend, change, and/or add any details, conditions, and procedures necessary for or

committee shall appoint independent financial advisor to provide an opinion regarding the reasonable and fairness of the transaction together with the reviewed appraisal reports for such property to the

transaction is reasonable and carefully considered based on relevant favourable price and conditions. Due to the demand from the buyer to purchase shares of Myanmar SPA-Today-Far East Company Limited and

the Asset Acquisition Agreement. The Board of Directors has considered such price reasonable in comparison with the expected benefits in the future, based on the Discounted Cash Flow and the Precedent

. In case of having reasonable and appropriate ground or having limitations under other laws which causes the CIS operator not to be able to submit certain information or evidentiary documentation under

, change terms and conditions relating to the Equity Purchase Agreement and Hotel Management Agreements, to sign necessary and relevant documents and evidence on behalf of the Purchaser and the Company

; “inside information” means the significant facts which effect the change in the price of securities but has not yet been disclosed to the public and a securities company has acquired during the course of