last year, driven primarily by increases in rental and service expenses, personnel expense and marketing and promotion expenses. Increases in rental and service expenses were primarily attributable to
personnel expenses including additional employment in a newly established subsidiary, gradual improvement of employee benefits as well as higher R&D expenses. All above activities have been prepared for the
higher personnel expense of hotel and education business to support business expansion as well as the legal and financial advisory fees of the Mixed-use project, corporate restructuring project and other
prevent leakage of information among work units and personnel, risk management, operational management, and internal audit and internal control are put in place, so as to efficiently accommodate the
prevent conflicts of interests, a system to prevent leakage of information among work units and personnel, risk management, operational management, and internal audit and internal control are put in place
increase liquidity and enhance operating result of the Company as the Company's group can leverage existing resources, as well as expertise and experiences of the Company’s executives and personnel for
the unit and personnel responsible for managing investment in such other assets from other units and personnel which may seek benefits from misuse of inside information. (2) in case of assigning a
personnel in the capital market businesses (natural persons)/verify the qualifications and prohibited characteristics/data from report forms. • Executives, directors/managers of securities companies, for
handling of complaints and disputes, which also consider protection of complainants; (2) designate a unit or personnel to be responsible for handling of complaints and disputes; (3) monitor and examine