rules. In addition, the tender offer period must be extended for at least 15 business days after the offer price is properly set and the EARTH shareholders must be given at least 10 business days to

shares by using the company?s undisclosed information concerning a deal on large disposal volume of SLC shares by its major shareholders and executives to a new investor and subsequent changes in the

Electronic Information System.Subsequently, EARTH requested an extension to the deadline. The company?s issue has widely affected investors and the shareholders of EARTH; however, from the issue date of the

complaints lodged by a certain number of EPCO shareholders informing that they had not made the letters of intent to decline the tender offer which were attached to Form 247-4. After the SEC?s review of the

debentures, bills of exchange (B/E) and derivative warrants (DW), allotment to the related persons will be allowed in the similar manner as that to general investors. The revised regulations aim to strike a

/2018 including the amendment or addition of the Extraordinary Shareholders’ Meeting No.1/2018’s Agenda, and/or change of the determination of shareholders who shall be entitled to attend the

shareholders in proportionate to their shareholding (Rights Offering), to specific (Translation) 14 investors (Private Placement) and/or public offering. However, the share offering to specific investors

make an offer for sale of warrants to specific investors (placement) at discount, the applicant shall comply with the following rules: (a) in calling a shareholders’ meeting to obtain a shareholders

disclose information and the vision of the management in order to assist investors to better understand the company's financial status and operation. It also supports the "Good Corporate Governance Project

which is the best price under the market situation in the period of the offering shares to investors, after authorized by the Extraordinary General Meeting of Shareholders No. 1/2019, by which the