/asset-backed tokens. 6 Covered Funds under HK-TH MRF may invest in virtual assets indirectly through investment in underlying funds at the total amount not exceeding 20 percent of the net asset value of
articles or research papers previously prepared and disseminated; (4) an article or research paper which contains a statement indicating the interest, whether directly or indirectly, of the person preparing
disseminated; (4) an article or research paper which contains a statement indicating the interest, whether directly or indirectly, of the person preparing such article or research paper in the underwritten
contains a statement indicating the interest, whether directly or indirectly, of the person preparing such article or research paper in the underwritten securities, provided that such statement shall be
interest, whether directly or indirectly, of the person preparing such article or research paper in underwritten securities, provided that such statement shall be distinct, easy-to-read, and not smaller in
research paper previously prepared and disseminated; (4) an article or research paper which contains a statement indicating the interest, whether directly or indirectly, of the person preparing such article
. Interest or connected transactions between the Company and directors, management and shareholders directly or indirectly holding shares at least 10 percent as shown from the Company’s financial statement
of the Company. As of December 31, 2018, SPI directly and indirectly owned 25.91% of the total issued and paid-up shares of the Company. Furthermore, the Company and SPI has 2 common directors. Hence
purchase and sell shares of GLOW both directly and indirectly in the total of 1,010,976,033 shares, equivalent to 69.11 percent of the total issued shares of GLOW. The direct and indirect acquisition of GLOW
shares as mentioned above. Hence, the Company directly and indirectly hold 40 percent of total paid-up capital of GS. • Moreover, if GS can operate the project and has profit as agreed during the period of