resolution of the Board of Directors’ Meeting No. 1/2020, held on 6 January 2020, has carefully considered this transaction, by considering the conditions of the transaction, the appropriateness of the sale
conditions of the transaction, the appropriateness of the sale value and opine that could resolve the Company’s liabilities. Enclosure 12. Opinion of the Audit Committee and/or opinion of the director which is
considering the appropriateness of investment, the objective of investment, the financial position or the demand of any specific person. “investment planner” means a person providing investment consultation to
may arise, the appropriateness of the transaction price and conditions as mentioned above, the IFA views that the transaction is appropriate. Therefore, the shareholders should approve the disposition
shareholders’ decision making is as follows: 1. Details of the offering, determination and appropriateness of the offering price and determination of the market price 1.1 Details of the offering a) The Company
: (Translation) Enclosure 1 3 1. Details of the offering, determination and appropriateness of the offering price and determination of the market price 1.1 Details of the offering a) The Company issues 175,950,000
the “implementation” section, and should review the appropriateness of the anti-corruption policy at least once a year. Disclosure may also include information on the Company’s declaration of intention
of the Board of Directors so that investors will be able to analyze the composition, roles and responsibilities and appropriateness of the Board of Directors in consistent with the business demands in
debentures, unsecured debentures, debentures having representative, debenture not having representative, depending upon the appropriateness of the market at the time of issuance and offer debentures. Commitmen