rental renewals. In case of there is no negotiation, it is considered that the subsidiary does not desire to continue such rental assets. Currently, the Subsidiary Company has not yet acknowledged that the

desire to enhance operational efficiency, particularly through essential digital infrastructure and data storage solutions like cloud and data centers that are pivotal for successful digital

development procedure or alteration in order to develop the operational system satisfy the desire. [A] · Concern to security and availability of operational system at the beginning of development or alteration

in order to develop the operational system satisfy the desire. [A] o Concern to security and availability of operational system at the beginning of development or alteration. [A] (Translation) -13- 2.3

securities company desire to comply with the financial statement accounting standard prior to enforcement date; 2.3 reason shown that the securities company is unnecessary to prepare the financial statement

standard in case of not having accounting standard as specified above; 2.2 Fact and reason in case of the securities company desire to comply with the financial statement accounting standard prior to

accounting standard under the law on accounting or other accounting standard in case of not having accounting standard as specified above; 2.2 Fact and reason in case of the securities company desire to comply

recommendation of the SEC. The SEC has been largely free from scandal and has a positive reputation in the eyes of market participants. The resignation of the SEC Chairman in 20114 confirmed the desire of the