Governance structure
20.11% voting rights ownership ratio, including the aggregated holdings) and MUTUAL CROWN LIMITED (20.11% held directly).
When one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
The document does not explicitly state any changes from the previous report.
| Item | Details |
|---|---|
| Controlling shareholder | No controlling shareholder. Other affiliated companies are Belle International Holdings Limited (20.11% voting rights ownership ratio, including the aggregated holdings) and MUTUAL CROWN LIMITED (20.11% held directly). |
| Changes this time | The document does not explicitly state any changes from the previous report. |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.This is a routine report on matters concerning controlling shareholders, etc., explaining that Belle International Holdings Limited is the upper-tier capital company capable of determining the direction of the corporate group, as well as the relationship with and independence from that company.