in Asia. Overall Sales have increased despite lockdown in various countries with COVID19 reinforcing essentials nature of our business. Lower oil prices have led to an improvement in earnings of our
change in securities prices 2. One third of Directors are independent directors, at least 3 persons in total. 3. The listed company’s auditor must be approved by SEC. 4. An internal control is in place as
Material Agreement amongst Them: Currently, the Investor does not have any relationship with the Company, the management, the person having control, or major shareholder of the Company. Nevertheless, after
consideration. - Review the internal control system to oversee that the internal audit procedures are adequate, appropriate and efficient. In addition, to observe the independence of the internal audit unit, as
increased loan for the business operation of the UE Group Companies (as defined in (1) below) only (the “Entire Business Transfer” or the “Entire Business Transfer Transaction”). The assets and liabilities of
Shareholders”) will still hold another 50 percent of total paid-up shares of Hello LED, which resulting in the Company having no control over Hello LED and Hello LED will be deemed an affiliated company of the
the Company having no control over Hello LED and Hello LED will be deemed an affiliated company of the Company. In this regard, the Company will use the equity method for accounting records of such
and Exchange Act will not send person or agents to be directors, management or controlling person. As a result, the management and internal control of the Company remain unchanged. The Company and VAVA