independence of CRAs vis- à-vis the entities and obligations they rate is vital to achieving this goal. Provisions of the IOSCO CRA Code, dealing with CRA responsibilities to rated entities, obligors
to the tender offer date. 7. Expected Benefits to the Company The entering into of the Shares Purchase Transaction is in line with a crucial strategy of the Company, as it will benefit the Company and
Transaction is in line with a crucial strategy of the Company, as it will benefit the Company and the Company’s shareholders as follows: 7.1 Due to the fact that GLOW’s effective capacity7 for power generation
will keep us more disciplined in areas such as exposure management, a crucial aspect given the complex nature of today’s markets. Additionally, we have created centralized expert enabling functions in
resource allocation by their board of directors and executives that is practical and meets the standards established by an international organization concerning capital market supervision is crucial and
investors and other users of credit ratings assess credit risks. Maintaining the independence of CRAs vis- à-vis the entities and obligations they rate is vital to achieving this goal. Provisions of the IOSCO
capital market supervision is crucial and necessary. The regulations under this Notification set a standard for operation of securities clearing houses and central securities depositories so that their
cashier boxes and at dispensing areas in order to boost the confidence of customers. In terms of personnel, the company has made preparations in terms of personnel, daily operations, IT system crucial to
Disposal Transaction. However, the Board of Directors has considered that the Disposal Transaction concerned 8 disposals, forming a crucial part of the Company’s plan to restructure its business, and that