CCET-WC; (6) when there are any other events similar to those mentioned in 1) to 5) above that may impair benefits of holders of CCET-WC. The Company shall adjust the exercise price and exercise ratio to

general trading. Other receivables 13,066 79,964,550 Receivables of the above-mentioned revenues and lease payment. Training expenses - 1,146 Training fees and other expenses. Purchases of goods - 34,983

March 2017 March 2018 December 2017 March 2017 Normal 1,853,402 1,875,782 1,801,607 14,550 14,983 13,986 Special mentioned 37,711 45,815 48,377 452 591 593 Substandard 12,077 11,760 12,188 6,737 5,275

to creditors in the financial statements, except for the late payment penalties and interest of 7.5 - 15.0 percent per year. As mentioned above, Hero Experience has appointed the lawyer to be

2017 December 2016 June 2017 March 2017 December 2016 Normal 1,853,978 1,801,607 1,830,827 14,953 13,986 14,502 Special mentioned 42,306 48,377 46,058 550 593 548 Substandard 17,482 12,188 9,495 9,029

value is reasonable in which the Company will receive the expected return. The Share Acquisition Transaction mentioned above will be entered into by the Company when the conditions precedent specified in

Channel Agency Co., Ltd. The Share Acquisition Transaction mentioned above will be entered into by the Company when the conditions precedent specified in the share purchase agreement are fulfilled. Upon

the Opinion of the Board of Directors The Audit Committee and the directors of the Company do not have different opinions from that of the Board of Directors as mentioned in section 10.

Special mentioned 48,646 42,306 46,058 619 550 548 Substandard 11,955 17,482 9,495 5,364 9,029 2,589 Doubtful 20,487 16,430 16,050 10,766 8,246 10,140 Doubtful of loss 55,834 52,083 43,316 36,135 33,744

. For the acquisition of shares from Travel Channel Agency, the price of shares is agreed between the Company and Travel Channel Agency. The Share Acquisition Transaction mentioned above will be entered