On the 9th Annual General Meeting held on December 20, 2006, the Company adopted the Plan, and after partial revised, the Plan was renewed through a resolution at every other Annual General Meeting. The duration of the Plan is until the close of This Year’s Annual General Meeting.
This time, the Company has carefully discussed regarding the continuity of the Plan which will expire at the Annual General Meeting, the Company has decided to abrogate and not to continue the Plan after the conclusion of Annual General Meeting. Because the business environment surrounding the Company has been changed since the Plan was introduced, and the Company judged that the need to continue the Plan has decreased relatively, and further enhance our group’s corporate value.
The Company will keep working on proactive information collection and timely disclosures as well as take appropriate measures as far as the Companies Act and other relevant laws are concerned in order to achieve a further increase of the corporate value and common interests of shareholders, when those who try to make large-scale acquisitions of the Company shares appear.