share and hence retain or expand our scale in respective businesses. For mobile business, 4G adoption and demand is expected to continue rising following improved customer perception of our 4G network

softened handset subsidies and a focus on quality acquisition, partially offset by increasing advertising expense to enhance brand perception. Marketing expenses to total revenue stood at 5.1% , down from

customer perception. We continue to focus on delivering fair profitability balancing between short- and long- term drivers while keeping our solid financial strength. Market and Competitive Environment As

acts that may create conflict of interest to investor, in the case where management company invest to acquire any assets for its own account (proprietary trading), management company shall provide an

provide an effective operating system to protect such investment or entry into a contract creating conflict of interest to the fund, Except that management company appoint other person to manage an

where management company invest to acquire any assets for its own account (proprietary trading), management company shall provide an effective operating system to protect such investment or entry into a

disclose information and get approval from the shareholders. The audit committee shall appoint independent financial advisor within August 2017 to provide an opinion regarding the reasonable and fairness of

provide services through online only; (2) prepare readiness of sufficient personnel and other resources for operation of a branch office, including efficiency of management and compliance system; (3

intermediary shall identify clearly that such branch will provide services through online only; (2) prepare readiness of sufficient personnel and other resources for operation of a branch office, including

intermediary shall identify clearly 7 that such branch will provide services through online only; (2) prepare readiness of sufficient personnel and other resources for operation of a branch office, including