exceeding fifty percent of the total paid-up shares with voting rights of such company; 2    3. a company holding shares in subsequent levels, beginning with the company under 2., provided that the

holding shares of other companies in all upward levels of shareholding, beginning with the company holding shares of the company under (b) and shareholding in each level exceeds fifty percent of the total

companies in all upward levels of shareholding, beginning with the company holding shares of the company under (b) and shareholding in each level exceeds fifty percent of the total number of shares with

companies in all upward levels of shareholding, beginning with the company holding shares of the company under (b) and shareholding in each level exceeds fifty percent of the total number of shares with

number of shares with voting right of such company; (3) company holding shares of other companies in all upward levels of shareholding, beginning with the company holding shares of the company under (2

rights of such company; 3. a company holding shares in subsequent levels, beginning with the company under 2., provided that the shareholding in each level exceeds fifty percent of the total paid-up shares

company holding shares in subsequent levels, beginning with the company under 2., provided that the shareholding in each level exceeds fifty percent of the total paid-up shares with voting rights of the

private consumption in almost every product category, in-line with the improving consumer confidence indicator, with the exception of some agricultural products whose prices remained at low levels, and last

measurement of risk exposures and levels as part of an organization’s broader risk management processes. In conjunction with risk tolerances, risk appetites, and risk thresholds, climate-related metrics inform

percent owing to seasonality. Given our funding cost management appropriate for the prevailing risk in a fragile business environment, KBank maintained key financial ratios at levels consistent with our