founders and major shareholders were all in favor of disposing QI to Continental. This transaction is at arms’ length and after the close, Continental will not have any claims against the Company. Please be

arms’ length and after the close, Continental will not have any claims against the Company. This disposal of asset transaction is not considered as material transaction, as the highest value of

the 25.10% ordinary shares which are expected to be transferred to the Company within the second quarter of 2017, when all the conditions precedent specified in the Agreements have been satisfied or

Agreements have been satisfied or waived. The conversion of the loan is subject to the equity value of SGAH calculated from SGAH’s future financial performance. The synthetic convertible loan has been

Royal Joint Venture Company Limited, which sells arms, aircraft, warships, including spare parts Radar and signaling devices of said items to government agencies, juristic persons and individuals. The

Forth Royal Joint Venture Company Limited, which sells arms, aircraft, warships, including spare parts Radar and signaling devices of said items to government agencies, juristic persons and individuals

appeal? The SEC Office reconsider- action Revoke or amend the order Administrative Court The SEC Board consideration Is the appellant satisfied? The SEC Office imposes the sanction. Administrative Panel

satisfied over time, using input method, and no revised budget needed Consolidated Financial Statements Customer 20 100% Company A Company B Contract 10 MB cost 1 MB subcontract 8 MB cost 2 MB Assumption

manufacturers of automotive components such as steering knuckles, brake discs, brake drums, brake caliper, axel arms, and brackets for original equipment manufacturers (“OEM”) such as General Motors, Continental

Audit Committee has considered the transaction and has opinion that the transaction is necessary and reasonable because the return on their investment is not satisfied and technology is very important in