issuance in the fourth quarter of 2015 did not appear in the company’s financial statements. Such circumstance caused KC financial statements to materially contain false information and raised doubts
million. Since the Board of Directors and management had doubts concerning the recognition of advertising revenue during 2017 and previous years. In this respect, the directors and management of the Company
challenge all of the three arbitrators in the claimant’s selected list because there is a circumstance that gives rise to justifiable doubts as to their impartiality or independence, the respondent shall
deficiencies or suspicions of frauds. Therefore, the selection of auditor should not depend entirely on the audit fee factor but should take into consideration the qualitative factors as well. In addition, the
reasonable suspicions, the SEC Office may reject the application: (1) an applicant or an offer for sale of bonds has the characteristic or meets the rules or conditions to obtain an approval according to this
under (b) or (c), or giving clarification without demonstrating reasonable facts or grounds for disproving the suspicions set out in (b) or (c). (2) within ten years prior to the filing date of the
the suspicions set out in (b) or (c). (2) within ten years prior to the filing date of the application for approval for offer for sale of the debt securities, the foreign entity had been subject to a
appropriateness. Chapter 3 Powers of the SEC Office ________________________ Clause 10 In the case where a certain fact appears to the SEC Office leading to any of the following reasonable suspicions, the SEC
Powers of the SEC Office ____________________________ Clause 1926 Repealed. Clause 20 In case there is a certain fact appeared to the SEC Office leading to any of the following reasonable suspicions, the