in auditing and reviewing its 2014 and Q1/2015 financial statements where the auditor expressed qualified opinions due to limitation on scope of audit imposed by the company management. EIC must submit

accounting principles. Moreover, the auditor was unable to find sufficient supporting evidence to satisfy the audit procedures due to limitation on scope of audit imposed by the PICNI management in various

significant improvements in several areas within the element of ethical requirements. For instance, audit firms have established policies and procedures to prevent any conflicts of interest that might arise

the limitation of dividend payment. 10. Opinion of the Company’s Board of Directors Concerning the Transaction The Board of Directors unanimously approved the transaction due to its consideration and

would bear in mind the significance of developing the quality of audit and continuously mitigate and improve as recommended by the SEC, some of the deficiencies’ rectification are underway and might

companies, both financial and non- financial. To the extent they are deemed applicable, they might also be a useful tool to improve corporate governance in companies whose shares are not publicly traded

proceeds from the capital increase of the Company and its subsidiaries. 6) Explaining the limitation from the seeking for sources of fund from financial institutions. Information Memorandum on the Offering

’ qualified opinions resulted from limitation on their scope of audit/review. Hence, the auditors were unable to obtain sufficient and appropriate audit evidence with respect to valuation of investment in PT

lawsuits which might affect the asset of the Company as follows: On January 31, 2017, the Company entered into a service agreement with Midas Global Media Company Limited (“Midas”) to provide billboard

economics as demand and supply get balanced.  Unfortunately we recently had a lightening strike in recently started Lake Charles ,which might take few months to recover, damage assessment is being done