of the independent appraiser causing the net value expected to be received to decrease. So the company plans to sell the remaining projects within 2025, However it depend on economic conditions and

audit, independent auditors, audit committee, and Board of Directors shall work together for such purpose. In the case of STARK, the company’s Board of Directors and audit committee should work more

reliable financial reports and have appropriate number and qualification of independent directors. As representatives of the six institutional investors, having responsibility to manage more than 7 trillion

, the Company engaged an independent financial advisory to evaluate the fair value measurement of the investments by using income approach method and discounted cash flow to present value. As a result

shareholders attending the meeting and entitled to vote to the exclusion of the votes of interested shareholders and to appoint an independent financial adviser to give an opinion on the entering into the

interested shareholders and to appoint an independent financial adviser to give an opinion on the entering into the transaction. Moreover, the transaction is considered an Acquisition of Assets according to

right vote, however shareholders who have conflict of interest in this issue are excluded from the vote. (3) Appoint the Independent Financial Advisor for an opinion on the transaction to Securities and

2 new investors in Pace Project One Co., Ltd. and Pace Project Three Co., Ltd., the Company engaged independent financial advisory firm to measure the fair values of investments in these 2

control and information technology security as specified in the notification of the SEC Office. Clause 8. Derivatives broker shall arrange to have independent director of at least one out of four directors

broker shall arrange to have independent director of at least one out of four directors 7 In case of the death of independent director, resign or terminate by the SEC office or where Derivatives broker is