issue of decreasing capital adequacy ratio below the requirement specified under the Insurance Law. He obtained the material non-public information by virtue of his positions before such information
fill in the vacancies and meet the quorum requirement. In so doing at the Extraordinary Shareholders’ Meeting No. 2/2560 on 14 February 2017 and the Annual General Shareholders’ Meeting on 2 May 2017
legal requirement on minimum face value of debentures may be too high and hinder retail investors to access debt markets, or the prohibition of set-off can cause unnecessary procedures and fees to issuer
audit firm; (2) To relax the requirement on the number and nature of business whose financial statements must be given an opinion and affixed with the auditor’s signature, as well as to adjust the
operations.The requirement to appoint independent directors, however, will not apply to certain cases; for example, securities and derivatives investment advisors due to their relatively small size and few staffs
market confidence and business integrity, which in turn is essential for companies that need access to equity capital for long term investment. Access to equity capital is particularly important for future
investment decision making. The program approval suits the issuer making several offers for sale of debt securities in the proximate period and allows the issuer to make such offer when having financial need
agreement in the contract. In order to deal with this issue, land requirement and wastewater tariff will be significantly increased. However, MCDC could not both provide additional land area and accept for
agreement in the contract. In order to deal with this issue, land requirement and wastewater tariff will be significantly increased. However, MCDC could not either provide additional land area and accept for
shareholders will be made on 18 May 2020. However, the Company’s legal reserve had already attained the amount of 10 percent of the registered capital. Thus, there is no need to provide any additional legal