Voluntary Tender Offer (the “VTO Letter”). According to the VTO Letter, the conditional voluntary tender offer for the securities shall commence upon completion or obtaining the waiver of the following
purpose of reducing the deficit in the separate financial statements of the Company. 5 November 2018: U City’s ordinary and preferred shares start trading at new par value. The reverse stock split which
) any other case which is necessary and appropriate by obtaining a waiver from the SEC Office. Clause 12 A notice calling a shareholders’ meeting as prescribed in Clause 11(2) shall be specified at least
preferred shares shall be 10 shares per 1 vote where any fraction of shares shall be discarded. (3) In case of any change in par value from a share split or a reverse share split, the preferred shares’ rights
of the Company and the U-W3 Warrants to UE as payment for the consideration of the entire business transfer after obtaining approval from the Extraordinary General Meeting of Shareholders No.1/2018 of
: Extraordinary Shareholders’ Meeting approves capital restructuring. The Extraordinary Shareholders’ Meeting (EGM) approves a series of transactions, namely (i) a reverse stock split of ordinary and preferred
1 The following Notifications shall be repealed: (1) Notification of the Office of the Securities and Exchange Commission concerning Guidelines for Application for Obtaining an Approval and Granting
; (2) the determination of fees for application for an approval, application for obtaining a license, a license, or for operating the business as licensed; (3) the issuance of rules relating to the
date of Warrants after obtaining the approval of shareholders’ meeting but in any events, not exceeding 1 year after such shareholders’ approval is granted. Number of reserved shares for the Exercise of
shareholder’s meeting by obtaining ¾ of the votes from the eligible shareholders that participated in the meeting, by not counting the votes of the stakeholders. In addition, the company has to create a report to