Lowering the Investment Unit Through a Stock Split to Improve Liquidity and Broaden the Investor Base

「The effective date is 1 January 2018.」

「Pursuant to a resolution of the Board of Directors meeting held on 10 November 2017, the company conducted a stock split and partially amended its Articles of Incorporation in connection with the stock split. The purpose was to lower the investment unit price, thereby improving the liquidity of its shares and further expanding its investor base. With Sunday, 31 December 2017, as the record date, effectively Friday, 29 December because the date was a holiday, the common shares held by shareholders listed or recorded in the final shareholder register on that date were split at a ratio of 2 shares for every 1 share. The effective date was 1 January 2018.」

「The company will conduct a stock split to lower the investment unit price, thereby improving the liquidity of its shares and further expanding its investor base. With 31 December 2017 as the record date, effectively 29 December, the common shares held by shareholders listed or recorded in the final shareholder register on that date will be split at a ratio of 2 shares for every 1 share. The effective date is 1 January 2018.」