application for approval shall not have any of the following characteristics unless otherwise in compliant with the requirements under Clause 16: (1) within five years prior to the filing date of the

securities to become non-compliant to any law, rules, regulations, or requirements set out by the Securities and Exchange Commission, the Capital Market Supervisory Board, the SEC Office, or the relevant

Paragraph 1 in support of its consideration of subsequent applications. If the SEC Office considers that the grounds that had caused the applicant’s qualifications to be non-compliant with Clause 16(4) are