with flexible business plan to suit the changing environment. Outlook for 2020 Performance Regarding to an uncertainty of COVID-19 situation, which will impact various dimensions of business, the Company
business environment and ongoing changes in regulations. As of September 30, 2019, deposits grew at a higher rate than loans, with the ratio of loans to deposits declining from the end of last year as a
declining to clients . Clause 12 A securities company shall not mislead its counterparty regarding material facts of securities trading by refraining from disclosure of information, distortion of information
12 A securities company shall not mislead its counterparty regarding material facts of securities trading by refraining from disclosure of information, distortion of information, or giving false
responsible person for operating such branch. Clause 13 In case there are certain facts that a branch manager or a responsible person for operating a branch office has [i] failed to comply with Clause 12, [ii
22 of the Notification on Standard Conduct of Business, the intermediary shall provide evidentiary documentation that demonstrates facts representing such reasonable ground for entering into such
supervisory rules in effect at the time or to ensure the interest of investor protection, if any of the following facts becomes apparent, the SEC Office shall have the power to order the mutual fund management