. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However, the information provided in this MD&A may vary if
financing. At present, the mentioned investments are under negotiation with relevant parties and have no clear conclusion that can be disclosed at this moment. Initially, the Company expected that the first
present, the mentioned investments are under negotiation with relevant parties and have no clear conclusion that can be disclosed at this moment. Initially, the Company expected that the first investments
other party. 2.5 A CRA should operationally, legally, and, if practicable, physically separate its credit rating business and its analysts from any other businesses of the CRA that may present a conflict
regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future and are not a guarantee of future performance. Such forward-looking
Vice-Chairman, if available, shall preside over the meeting. In the absence of the Vice-Chairman or if the Vice-Chairman is unable to perform his or her duties, the directors present at the meeting shall
her duties, the directors present at the meeting shall elect one from among themselves to be the Chairman of the meeting. Amended to read Article 25. A quorum of the Board of Directors meeting shall
digital television system, it was aimed to present the documentary, foreign movie series, sports and variety shows. However, the company has no expertise in the management of such content types. As such
shareholders. At present, there is no specific conclusion on the type of capital increase. In this regard, the Company will inform of any update on this matter and will propose this matter for further