Total number of directors Remark: The above structure is only an example of acquisition through the chain principle. 12. If the acquisition results in an obligation to make a tender offer for all

Remark: The above structure is only an example of acquisition through the chain principle. 12. If the acquisition results in an obligation to make a tender offer for all securities of the business in

nominated directors Total number of directors Remark: The above structure is only an example of acquisition through the chain principle. 12. If the acquisition results in an obligation to make a tender offer

of nominated directors Total number of directors Remark: The above structure is only an example of acquisition through the chain principle. 12. If the acquisition results in an obligation to make a

Total number of directors Remark: The above structure is only an example of acquisition through the chain principle. 12. If the acquisition results in an obligation to make a tender offer for all

holding of shares Number of nominated directors Total number of directors Remark: The above structure is only an example of acquisition through the chain principle. 12. If the acquisition results in an

Total number of directors Remark: The above structure is only an example of acquisition through the chain principle. 12. If the acquisition results in an obligation to make a tender offer for all

. In the case of nomination of directors In the case of holding of shares Number of nominated directors Total number of directors Remark: The above structure is only an example of acquisition through the

of nominated directors Total number of directors Remark: The above structure is only an example of acquisition through the chain principle. 12. If the acquisition results in an obligation to make a

. In the case of nomination of directors In the case of holding of shares Number of nominated directors Total number of directors Remark: The above structure is only an example of acquisition through the