following; JV Company Name Beans and Brown Co., Ltd (“Beans and Brown”) Nature of Business The Joint Venture Company engages in Food and Beverage Business under the brand “Casa Lapin” and Trademark “Casa

- Translation - Ref: IR62/012 13 November 2019 Subject: Notification of Board Resolution on Investment in Beans and Brown Co., Ltd and Set up new subsidiary of J Venture Co., Ltd To: The President

the production of the sourcing feedstock is likely to have impacts on food security, and to establish corresponding mitigation and enhancement measures if the impacts are significant. Issuers can follow

the figure seen on December 31, 2018, because of purchases of more equipment items to serve demand from the market and the enhancement of service standard at the Studio Park project. The total

., 2018; CALISKAN et al., 2020) •Naive Portfolio •Minimizes risk without sacrificing expected returns(Tang, 2003) •Optimal strategy(Bock, 2018;Brown et al., 2013;li, 2018) 6 Background(Cont.) •Mean variance

great emphasis on effective revenue generation from new malls, asset enhancement, coupled with efficient operating costs management. Currently, CPN manages 30 shopping malls with the net leasable area

revenue generation through new shopping malls, enhancement of existing malls, as well as efficient cost management. CPN currently manages 32 shopping malls with the net leasable area (NLA) of approximately

% in previous year to 26.43% due to change in product sales mix of general merchandise and the enhancement of directly sourced private-label goods’ profit margin, as well as the continuous efficiency

transportation costs, the gross profit margin as a percentage of sales has increased from 26.49% in the previous year to 27.10% due to change in product sales mix of general merchandise and the enhancement of

-to-expiration), the results are not significantly different. DW: S50XXCXXXXA, Underlying: SET50 Index DW Option *The benefits of derivatives are risk management, price discovery, and enhancement of