unfavorable condition of the Company’s traditional trade channel as the Company appointed a large-sized distributor for the channel since the first quarter of 2018 but later terminated the contract with the
capital market business shall be terminated upon occurrence of any of the following circumstances: (1) when such persons no longer have the qualifications or possesses the prohibited characteristics as
branch office shall be deemed the date permission to establish such branch office has been terminated. The management company shall notify the Office no less than one day prior to the closing date of such
terminated. The management company shall notify the Office no less than one day prior to the closing date of such branch office and shall clearly place a notice board at such branch office for at least thirty
terminated the contract with the distributor which is effective on 3 0 June 2 0 1 9 . During the period, the Company was unable to make any sales through traditional trade channel or assign a new distributor
0 1 8 but later terminated the contract with the distributor which is effective on 3 0 June 2 0 1 9 . During the period, the Company was unable to make any sales through traditional trade channel or
an unfavorable condition of the Company’s traditional trade channel because of the terminated contract with the distributor, which was effective since 30 June 2019. Further in this year, the period
the NWR- SBCC Joint Venture agreement are terminated, with the Company assuming the rights and responsibilities of control and operation in accordance with the joint venture agreement until the work is
to an end. Division 3 Termination of Approval Clause 18 The approval of personnel in the capital market business shall be terminated upon occurrence of any of the following circumstances: (1) when such
meeting minutes indicating the change was discussed and approved during management change control meeting). Refer to IC 6-15 in the Internal Control Q&As. • We tested 100% of terminated users and identified