) containing no provisions that permit one party having the obligation to deliver goods to settle by cash or set-off with the other party in lieu of the delivery of goods; and (c) the customary practice of such

) containing no provisions that permit one party having the obligation to deliver goods to settle by cash or set-off with the other party in lieu of the delivery of goods; and (c) the customary practice of such

of both sides to ensure that used PET plastic bottles that is 100% recyclable, and therefore not “single-use”—will be collected, processed, and used again and again within a circular economy. It will

Circular 54/F, One Island East, 18 Westlands Road, Quarry Bay, Hong Kong 香港鰂魚涌華蘭路 18 號港島東中心 54 樓 +852 2231 1222 www.sfc.hk Page 1 of 17 15 November 2022 Mutual Recognition of Funds (MRF) between

(“HK-TH MRF MoU”); (ii) the Circular on Mutual Recognition of Funds between Thailand and Hong Kong issued by the SFC on 20 January 2021, as amended from time to time (“SFC Circular”); and (iii) the

Circular The Securities and Exchange Commission, Thailand 333/3, Vibhavadi-Rangsit Road, Chomphon, Chatuchak Bangkok 10900, Thailand Website: www.sec.or.th Email: hongkongmrf@sec.or.th Page 1 of 15

sustainability objectives and signifies our position as a leading recycler in Europe supporting the circular economy. This acquisition expands the opportunity to cater to the increase in demand for Recycled PET

climate change adaptation in 2021 version: “including efforts to make infrastructure more resilient to impacts of climate change” • “Eco-efficient and/or circular economy adapted products production

within 2020), with the Bank’s capital position expected to remain robust post acquisition 6. Key Conditions Precedent Completion of the Transaction is subject to a number of customary conditions precedent

PET recycling Facility is strategically in line with the Company’s commitment to long-term sustainability and also meeting the circular economy objectives of packaging and consumer product manufacturers