Payment will be made every year on June 30th. Reasonableness of entering into the transaction. The Company entered into technical cooperation agreement with Hwa Fong Rubber Industry Co., Ltd., a parent

every year on June 30th. Reasonableness of entering into the transaction. The Company entered into technical cooperation agreement with Hwa Fong Rubber Industry Co., Ltd., a parent company, on January 1

made every year on June 30th. (This year, there are an increase in contractual remuneration. So, it will pay after approved by the board.) Reasonableness of entering into the transaction. The Company

Co., Ltd. (Pace One) and Pace Project Three Co., Ltd. (Pace Three). The deadline is extended to 15 January 2018. Earlier, the SEC instructed PACE to clarify the reasonableness of the assumptions used

investment in Pace Project One Co., Ltd. (Pace One) and Pace Project Three Co., Ltd. (Pace Three), from 15 January 2018 to 31 January 2018. Initially, the SEC instructed PACE to clarify the reasonableness of

) insufficient evidence on the reasonableness of the management’s decision to make transactions for investment in two associate companies, (2) insufficient evidence on the reasonableness of the management’s

strategy is the key tool for this industry. According to performance loss and franchise model concept, it affects with significant drop of the business valuation of the subsidiary company. In 2017, the

the key tool for this industry. According to performance loss and franchise model concept, it affects with significant drop of the business valuation of the subsidiary company. In 2017, the Company has

6. Mr. Tomohiko Kasai None 8) Reasonableness of transaction 1. The requirement and attribution of mold is designed and developed by MELNAKA. Therefore, it must be purchased the mold through MT due to

material incidents which affect operation of REIT (Milestone) in the past year, for instance, increase of investment or asset disposal of REIT, modification of trust instrument, change in major lessees, and