IN EXERCISE of the Powers contained in Section 212 as read together with Section 9 of the Securities Act No. 41 of 2016 (the “Securities Act”), the Securities and Exchange Commission (the “Commission”) hereby DIRECTS all persons engaged in business as share transfer agents, departments or divisions, by whatever name called, of a listed company together with the representatives performing the activities of a share transfer agent to apply to the Commission for a Share Transfer Agent License.