| (a) | Time Bank is set to re-open to the public by 1 December 2021 as a commercial bank but with its focus on Investment Banking, including 4th Money Fund facilities, mortgage loans, export finance, payment of compensation to previous farm owners and other deserving groups of people. |
| (b) | The commercial banking licence of Time Bank permits a wide range of banking activities including specialist banking services of a merchant bank or investment bank or mortgage bank. |
| (c) | Time Bank is pursuing a business plan of re-opening in phases over a 5-year period from 1 January 2018 to 31 December 2023, beginning with some banking activities and thereafter all banking activities of a commercial bank can be carried out if necessary. |
