regard, IFA has not received any evidentiary documentation or sufficient, reasonable commitment to the loan repayment within 15 May 2019 because GSTEL ceased its production and no longer generates
independent financial advisor (IFA) was of the opinion that the transaction was not reasonable and that the shareholders should not approve this transaction. EIC plans to seek approval of the shareholders at
reasonable. The SEC thus instructed TIES to rectify the financial statements according to the auditor?s opinions and to be in line with the accounting standards. TIES must submit to the SEC and publicly
, both the Board of Directors and the Audit Committee view that such transaction is reasonable and beneficial to the company. However, the independent financial advisor is of the opinion that the
prices of the related party transactions to market prices, nor explained whether or not the price differences were reasonable. The SEC thus instructed TIES to rectify the financial statements according to
such loans were too low. The acts mentioned above did not comply with GSC’s investment policy causing GSC to experience high investment risks and lose the opportunity to gain higher and reasonable
comply with GSC’s investment policy causing GSC to experience high investment risks and lose the opportunity to gain higher and reasonable interest rate. Moreover, ACAP obtains benefit from the lower