On June 28, 2022, Dalton Investments announced proposals according to circumstances: (i) in order to avoid potential conflicts of interests, seeking a more transparent management system and requesting the appointment of independent directors who respect common opinion of minority shareholders, etc. Changes in the structure of executives, (ii) changes in dividend policy such as increase in dividend to improve stock value, changes to capital policy such as own stock purchase, (iii) and any other reasonable measures that other submitters believe will lead to an increase in shareholder value of the Company, etc.