SEC had proposed, in principle, to amend the definition of major shareholder of the securities companies which at present is determined based on the “number of voting shares” to the “number of
shareholder, in order to complete a liquidation. Therefore, SUTGH’s shareholders shall be prohibited from offering the Company’s shares throughout a Silent Period, as described above. Details of the Board of
shall be responsible to transfer the Company’s shares to SUTGH’s shareholders based on the proportion of SUTGH’s share held by each shareholder, in order to complete a liquidation. Therefore, SUTGH’s
proportion of SUTGH’s share held by each shareholder, in order to complete a liquidation. Therefore, SUTGH’s shareholders shall be prohibited from offering the ordinary shares which serve for the conversion of
necessary and appropriate, to ensure that the dissolution and liquidation are complete. In this regard, the Entire Business Transfer Transaction is considered to be an acquisition or acceptance of an entire
Securities Company Granted an Exemption from Application for Approval of Person to be Major Shareholder
unitholders as well as to do all other acts as may be necessary for the completion of liquidation in accordance with the rules, conditions and procedures as specified in the notification of the SEC. The