criteria ▪ Step 3: Introduce oversight ▪ Step 4: Adapt investment process ▪ ABSOLUTE EXCLUSION No investment in exclusionary criteria ▪ THRESHOLD EXCLUSION Partial investment ▪ RELATIVE EXCLUSION Best-in

- Financial instruments standards by adjusting the cumulative effects to retained earnings and other components of equity on 1st January 2020. Therefore, the Group did not adjust the information presented for

had to be closed according to government policy. But the company was able to adjust to its profitable operating results this quarter details as follows: Management Discussion and Analysis Q2/2020 Page 3

stronger corporate culture where a larger proportion of board members are female. Board gender diversity strengthens corporate culture considerably. To circumvent endogeneity, we execute a variety of

that the Group could be unable to fully adjust its methods of distribution in line with new client expectations at all times and this could negatively impact sales and profitability. Any change in the

been a change in the necessary circumstances as provided in the first paragraph, the Minister upon the recommendation of the SEC may modify or change the conditions already specified.

improvements on quality controls of audit firms with only few exceptions where the remedies of some deficiencies are unavoidably time-consuming due to the need to adjust the firms’ audit manuals and staff

staff, as well as making it difficult to attract new talents. To improve the retention rate of high-potential employees, several audit firms started to adapt their strategy and policies concerning

five out of 532 users that did not have their access removed timely based on the entity’s policies. The deviation rate was 1% and none of the users had administrative privileges or access to modify

for the waste input. Step 2: Adjust if necessary for changes in recycling since the analysis. Step3: Combine with proximate analysis of the different waste fractions (calorific value, total carbon