prohibited characteristics under the Notification of the Capital Market Supervisory Board concerning prohibited characteristics of personnel in capital market business or fails to comply with Clause 8, the SEC
Singapore with the current total or almost total assets in the form of cash. Therefore, in the event that NAUTIC fails to complete the purchase transaction of WIE shares by 30 June 2024, the company may be
defendant fails to comply with the Appeal Court’s judgement, SEC shall proceed with legal execution in accordance with the legal process in due course**.”In any case, the civil penalty and the compensation
and conditions: (1) there shall be management of risks arising from outsourcing thereof; (2) there shall be a preventive measure to ensure business continuity in case another intermediary fails to
in case another intermediary fails to proceed outsourced function; (3) the function which may be outsourced to another intermediary shall not be a specific matter or a matter specified by law or
function related to business operation which, in the event that a service provider ceases to provide services, fails to continue operation or is unable to provide services appropriately, may affect the
related to business operation which, in the event that a service provider ceases to provide services, fails to continue operation or is unable to provide services appropriately, may affect the overall
fails to maintain the capital in accordance with the Notification concerning Maintenance of Capital or is in the process of complying with Clause 12 (3) until the intermediary is able to maintain the