Independent audit encompasses examination of the accounts and transactions of the corporation by auditors authorized by independent audit organizations in accordance with the audit principles, fundamentals and standards on behalf of such organizations as well as the determination and reporting whether the financial statements reflect a fair picture of the truth based on the results of such examination.

Companies whose equities are traded on our Exchange have to send their independently audited annual and semi-annual financial statements and footnotes as well as the interim financial statements and footnotes within the determined time periods following the end of each such term for purposes of disclosure to the public.  Unless such obligation is fulfilled or an extension is not obtained from CMB, the trading symbol of the company will be closed.