the company to select a person with knowledge and abilities suitable to act in the capacity so appointed. The person shall have no record of misconduct and behaviour which may affect to image of the

Translation) Page 2 of 4 and abilities suitable to act in the capacity so appointed. The person shall have no record of misconduct and behaviour which may affect to image of the company; (3) prepare the

person with knowledge (Unofficial Translation) Page 2 of 4 and abilities suitable to act in the capacity so appointed. The person shall have no record of misconduct and behaviour which may affect to image

and develop securities business related to investment management; “debt financing” shall include the issuance of debt instruments or conclusion of any transaction that would result in or is in substance

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS Announcement on Corporate Rating and Progress on Corporate Bond Issuance On April 5, 2018, TRIS Rating assigned the company rating of B. Grimm Power PLC

. After being appointed as an independent director with the characteristics in accordance with (a) to (i), the independent director may be assigned by the board of directors to make a decision on the

qualified to be appointed as fund manager; (4) “Manager” means a person assigned by the board of directors to take the highest responsibility in managing the company, regardless of the job title; (5

Exchange Commission as qualified to be appointed as fund manager; (4) “Manager” means a person assigned by the board of directors to take the highest responsibility in managing the company, regardless of the

, net - - n.a. 8 n.a. - 230 n.a. Gain on financial liabilities designated at fair value - - n.a. 284 n.a. - 160 n.a. Gain (loss) on investments, net (0) (18) (99.6) 50 (100.1) 60 530 (88.7) Dividend

of FVC-W1 are set out in the Attachment No. 3. The Board of Directors or the designated person(s) is authorized: (1) to determine and/or amend the terms, conditions and details of FVC-W3, which shall