Exhibit 3. Venture designatio
Designating Venture Businesses(VB): four categories
– Venture capital VB: a company becomes VB if the amoun
investment made by qualified venture capitals accounts fo
percent or more of paid-in capital or stock subscription rat
percent or more of the paid-in capital.
– R&D VB: if the amount of R&D spending accounts for five
or more of the annual gross sales revenue.
– New Technology Commercialization VB: if a company is e
in the business of commercialization of patents, utility mod
technology licensed abroad, or other knowledge or techno
supported by various laws.
– Miscellaneous VB: if a company is engaged in commercia
advanced technologies such as design which is evaluated
public authorities as excellent technology.
Convention