that apply to REIT direct investment.However, based on consultation with the private sector, there are necessary reasons why REIT sometimes may not be able to invest indirectly by holding virtually
decisions for clients, (2) Receiving compensations, either directly or indirectly, and (3) Operating such businesses regularly or giving services to the general public. Pursuant to Section 66 of the
Company indirectly holds 100% of the total issued shares through Lombard Estate Holdings Limited, the Company’s subsidiary in which the Company directly holds 100% of total issued shares) to be the
investment advisory company; “giving advice” means giving advice, whether directly or indirectly, concerning the value of securities or suitability of investing in those securities, or the purchase or sale of
legal entity, whether directly or indirectly, in the amount or in aggregation of exceeding fifty percent of the total number of shares with voting right of such legal entity; (9) "parent company" means
each legal entity in such group is held by the same legal entity, whether directly or indirectly, in the amount or in aggregation of exceeding fifty percent of the total number of shares with voting
Real Estate s.r.o. (“VBRE”) (the Company’s newly established subsidiary in which the Company indirectly holds 100% of the total issued shares through Lombard Estate Holdings Limited, the Company’s
capabilities fully and cautiously with sufficient information and referable evidence; (c) members shall disclose to clients any case where the members have an interest, whether directly or indirectly, in any