fairly. Significant Events in Q3/2018 3 Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q3/2018 • Honor Trophy and Certificate on Greenhouse Gas Mitigationand 2018 Top Innovative
credit rating will be withdrawn. B. Integrity of the Credit Rating Process 1.18 A CRA and its employees should deal fairly and honestly with rated entities, obligors, originators, underwriters, arrangers
shareholders fairly by giving benefits to any group of shareholders, which will create an advantage over other shareholders or give inappropriately more benefits than other shareholders; 2. being unlikely to be
mechanism in any of the following manners: 1. having a possibility to be unable to treat shareholders fairly by giving benefits to any group of shareholders, which will create an advantage over other
management company should treat all clients fairly and refrain from taking any action that may cause the conflict of interest except where a transaction is executed having received consent from the client or
internationally recognized in operations and disclosing information. Through best IR practice, the company gives high importance to accuracy, up-to-date, and sufficient information to investors fairly. Received Two
through the industrial market. This is in respect to the fairly high degree of competition in the industrial market, and the 4th quarter was a High Season for fuel consumption. As well as, late in the
increase and debenture issuance result in an appropriate capital structure and financial ratio that could be fairly to peers comparison in the same industry as well as support the investment in current and
debt ratio that could be fairly compared to peers in the same industry as well as suppor t the investment in current and future projects. On 28 August 2019, the Extraordinary General Meeting of