undertaking business for not less than a period of three consecutive years holds more than fifty percent of its total shares with voting rights. Clause 3. An applicant shall be granted a license to undertake

be granted a license to undertake gold derivatives brokerage business upon meeting the following requirements: (1) Having paid-up registered capital of no less than one hundred million (100,000,000

necessary and expedient otherwise and a waiver has been granted by the SEC Office. Clause 7 The documents or evidence filed with the SEC Office as required by the provisions under this Notification, both

total value of consideration criterion which granted the highest result, referenced from the consolidated audited financial statement of the Company ended March 31, 2019. After the computation of the

objectives of investing in assets concerning infrastructure, property or property development business. In this regard, the establishment of such collective investment scheme shall be granted an approval for a

the applicant to attend the first training course after having been granted an approval. The required course shall be a refresher course relating to law on securities and exchange, applicable rules and

that the conversion right shall be applied only to the shares of the issuer; 3. to specific that the conversion price is not relied on any other underlying. Clause 6 The entity shall be granted an

after having been granted an approval. The required course shall be a refresher course relating to law on securities and exchange, applicable rules and regulations as well as ethics and professional

and exchange; (4) Life insurance company under the law on life insurance business; or (5) Financial institution established under specific law. Clause 4. The person under Clause 3 will be granted the

securities and exchange; (4) Life insurance company under the law on life insurance business; or (5) Financial institution established under specific law. Clause 4. The person under Clause 3 will be granted