a reasonable and necessary ground and that such securities trading is without the intention to seek benefits in the manner of exploiting the clients, or shall be able to demonstrate that there is a
person specified under Clause 3(1), in which case the consideration of the paid-up capital shall be in accordance with Clause 5; (2) having no reasonable ground to believe that its financial condition may
applicant is a juristic person specified under Clause 3(1), in which case the consideration of the paid-up capital shall be in accordance with Clause 5; (2) having no reasonable ground to believe that its
opinion that the investment in VWM by UAC Energy is reasonable and will generate benefits to the Company in terms of business expansion, access to a broader market and growth in its total assets, revenues
that the transaction is reasonable and be proposed to the Board of Directors for further approval. Opinion of the Board of Director: The Board of Directors has considered the transaction and has opinion
transaction at the same place as the machinery location. In Bangpoo Industrial Estate is a convenient for transportation, the rental fee is at reasonable level that is in line with the area nearby and it’s
USD/ 20,000,000 shares Mr. Masanori Kosaka*** - 0.04% 6 Opinion of the Audit Committee: The Audit Committee has considered the transactions are reasonable and be proposed to the Board of Directors for