appropriate and agreed by the borrower in order to mitigate the Company’s risk in relation to providing loan. Beside of 3 tenants who are connected persons, there are 2 tenants, Big Bad Wolf Company limited

appropriate for the Company to discontinue the business of manufacturing accessories and faucet products and in the best interests of the Company, the Board of Directors’ Meeting resolved to grant approval to

year. This was due to the administrative expenses related to the bad debt reserve of personal loans decreased as well as control costs to be appropriate for the size of the subsidiary's business, causing

million. The change was due to the net profit for the period, the dividend payment to the shareholders and the share repurchase of the Company. The appropriate of capital structure The debt to equity ratio

Consolidated Financial Statements ended 31 March 2020, which have been reviewed by the Company’s authorized auditor. The Board of Directors deemed appropriate to appoint the said authorized auditor to perform

Company D/E ratio is 1.68 times and the IBD/E ratio is 1.19 times, which is at an appropriate level.

subsidiary (FSMART). 6 The appropriate of capital structure The debt to equity ratio as at 31 March 2020 was 2.92:1, decreased from the debt-to-equity ratio as at 31 December 2019, which was 2.11: 1. The

therefore it is appropriate to adjust impairment items of the said assets in this quarter to be in line with trading prices set in purchase agreement EXPENSES % per % per % per % per Revenue Revenue % Revenue

Capital Market Supervisory Board, therefore, it deems appropriate to revise the texts contained in this Notification to be in accordance with such power.

disclosed in a range deemed appropriate, as well as, the order of priority of such purposes. If the anticipated proceeds will not be sufficient to fund all the proposes, the amount and sources of other funds