Exemption for Parkway Life Japan2 Pte Ltd
3.—(1)  Parkway Life Japan2 Pte Ltd is granted exemption from tax on the Tokumei-Kumiai distributions received in Singapore on or after 28 April 2014 from Godo Kaisha Tenshi 1 and Godo Kaisha Tenshi 2, companies incorporated in Japan.
(2)  The exemption in sub-paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 29 May 2014 addressed to Parkway Trust Management Limited.