, including high interest costs, high leverage, regulation costs, economic slowdown, surplus capacity, increased competition, lack of fuel availability and energy conversation policies. The Fund invests in

, or even appear to, impinge upon the independence of ity. Where conflicts of interest or a lack of independence is common at a CRA and hidden from investors, overall investor confidence in the

not lack material information that should be notified. In addition, the Company certifies that: (1) The financial statements and financial information summarized in this annual registration statement

respect to securities, a lack of continuity of which would significantly affect the relevant securities clearing house or central securities depository, or any person related to the securities clearing

registration statement with care and hereby certifies that the information is accurate, complete, not false or misleading, and does not lack material information that should be notified. In addition, the Company

. Clause 27 In the case where the applicant is a listed company, the applicant shall not have any demeanour indicating a lack of appropriateness to be a listed company in a material aspect, for instance, [i

). However, the financial costs from these funding sources were very high. The Company had no ability to compete with the HRC import price from time to time. Moreover, lack of working capital caused the

of business operation, directors, managers, department directors and persons with power of management , without conflict of interest which may cause the lack of independency in proceeding mutual fund

or used to have any behavior that, if considered on a reasonable ground, indicates lack of ethics or standards of conduct in connection with securities or derivatives business set by an association

transaction Currently, the Company encounters the situation of the lack of financial liquidity and the cash flow for the business operation, as the Company has continuous accumulated loss. Thus, the Company