with the pervious quarter. The improvement was due to the easing of lockdown measure and domestic travel restriction, coupling with the implementation of government policies, which resulted in the
expenses reduction measure. • Selling expenses to total revenue in Q4/2020 was 32.4%, increased by 3.0% from Q4/2019. This is due to the higher proportion of the decrease in revenue from sales than the
severe outbreaks in Q2- 2021, which impacted a wide range of economic activities, particularly the tourism and service sectors with more stringent disease-control measures. However, this control measure is
_____________ Clause 11 An applicant who will obtain approval to be REIT manager shall demonstrate that it has ability to manage the REIT, being assigned by REIT trustee, efficiently and provide measure for
measure for such procedure, if necessary. 5.2 The board of directors and executives set suitable indicators for performance appraisal, incentives and rewards with regard to code of conduct, and the
interrogation to the officer of the SEC Office; (4) where it is apparently impractical in the light of such circumstance; (5) where it is an administrative enforcement measure. The provision under the first
products with another intermediary; (4) having a measure to allow the intermediary to access the information related to the trading of capital market products by the employees and their connected persons
advice; (6) measure on prevention of conflict of interests provided by the investment advisory company; (7) procedure and source of information used in giving advice to the customer; (8) procedure and
] preventing leaking of inside information between units and personnel, [iii] internal control and [iv] risk management for operation of derivatives business in the category to be commenced, including measure