conditions after the transaction 1. The Company and VAVA are no policy to changing the core business of the Company. The Company will continue to operate as usual. 2. VAVA agrees not to sell the newly issued
conditions after the transaction 1. The Company and VAVA are no policy to changing the core business of the Company. The Company will continue to operate as usual. 2. VAVA agrees not to sell the newly issued
in this manner had not happened before. The fact in this matter, although seems not so complicated, relates to many provisions of laws under the purview of both the SEC and the DBD. Accordingly, while
qualified audit personnel and inability to react to changes of professional standards and more complicated structural transactions, will also be addressed to support market readiness for current dynamic
supervision 2.6 Quality Assurance & Review Increasingly, complicated transactions in the financial market especially those in connection with listed companies and intermediaries such as securities houses have
complicated, and for the most part the existing laws do not cover all new ways of committing an offense in the capital market. Legal provisions applied to some cases are unclear and open to interpretation
amended) is less than 15 percent and the total size of transactions in the past 6 months is also less than 15 percent. The transaction is subject to usual regulatory approvals (including approval by the
fourth quarter of 2017/ early 2018 subject to the usual regulatory approvals. Please be informed accordingly. Yours faithfully, (Mr. Souvik Roy Chowdhury) Company Secretary
sellable rooms inventory which did not meet customer demand during usual high season period. In addition, the impact of Coronavirus 2019 (Covid-19) pandemic caused the decreasing number of guests especially
VAVA are no policy to changing the core business of the Company. The Company will continue to operate as usual. 2. VAVA agrees not to sell the newly issued ordinary shares (Silent Period) which receives