tourist arrivals due to the Coronavirus Disease 2019 (COVID-19) outbreak and slowing Chinese economy. Meanwhile, domestic factors include severe droughts and the delay on government budget approval

“VGM Share Acquisition Transaction”) and to propose the same at the extraordinary general meeting of shareholders for consideration and approval. The Company would like to disclose additional information

working days prior to the date on which the board of directors of the Company resolves to propose the agenda item to the Extraordinary General Meeting of Shareholders no. 2/2019 for an approval on the