According to Board Resolution No.20 dated February 17, 2020, the Board of Directors of Transimex Corporation approved to implement the contents related to property operations of one of Transimex’s wholly-owned member companies, including the establishment of a liablility limited company for transactions. The Board of Directors authorized the Board Chairman to direct the implementation of the adopted contents. 

The Board of Directors approved the documents on bank borrowing and authorized the Board Chairman to direct the implementation of the adopted contents and fulfill procedures to sign agreements and relevant documents with banks under the laws.