irresponsibility, carelessness in protecting clients’ benefits or lack of cautiousness or unfair or unreliable business conducts; (4) Be able to show that its systems for operating fund supervisor business, at least
from intensively focusing on income from Government Projects. In the past, the Company experienced unstable cash flow and liquidity problems from delayed projects and unexpected budget allocation of
addition, the Company has adjusted strategic and operational objectives from intensively focusing on income from Government Projects. In the past, the Company experienced unstable cash flow and liquidity
test cycle information provided by vehicle manufacturers in complying with these regulations. However, it is recognized that emissions data provided by vehicle manufacturers has proven to be unreliable
unreliable results or even spurious relationships since measurement errors of CSR proxies may correlate with an error term of the regression model, which in turn causes bias in the estimation of regression
unreliable and/or have any significant changes in the future, the opinion provided by the IFA may differ accordingly. As a result, the IFA is unable to be held responsible for any adverse impacts on the
operations are subject to unstable economic, financial and market conditions and increased expenses due to inflation, or higher interest rates. If the Group holds fixed income investments, changes in interest