securities company shall allow any person to have control over its administration or management except for exercise of shareholder’s right in shareholder meeting or management under agreement approved by the

have done favours which clearly benefit the company, such as customer, supplier, etc. The process of allocation of shares to sponsors The board of directors specifies the nature of f​avours The board of

business relationship, investment, or administration and management of the issuer, for example, customers, suppliers of raw materials, potential business partners of the issuer, the affiliated companies of