categories 8 Physical risks Acute Chronic Differences Weather events driven Long-term shirts in climate patterns Examples Droughts, floods, wildfires Rising temperature & sea level, chronic heat waves EXAMPLES

change in perspective Society How is a shift in perspective landing in the world of regulations? Increase in sustainability disclosure/reporting standards Building of Sustainability Focused industrial

meetings. The purpose of this type of engagement is to share our perspective with the board about what we view as a significant impediment to our ability to meet our investment goals, and to explore ways to

Effective Incentives will encourage a “Strong pipeline of ESG fundraisers” by improving the risk/ reward profile of sustainable development compared to other asset classes. From the return perspective

and acute physical risks? To understand climate risk is to consider and address key questions of transition risk and physical risks. STRICTLY PRIVATE AND CONFIDENTIAL. FOR PROFESSIONAL INVESTORS ONLY

risks Transition risks • Policy and regulation • Technology development • Consumer preferences Physical risks • Chronic (e.g. temperature, precipitation, sea levels) • Acute (e.g. heatwaves, floods and

Principles of Corporate Governance - G20 version G 20/O E C D P rin c ip le s o f C o rp o ra te G o ve rn a n c e G20/OECD Principles of Corporate Governance ENG_Corporate Governance Principles_Cover.indd 3 27-Aug-2015 6:43:10 PM G20/OECD Principles of Corporate Governance OECD Report to G20 Finance Ministers and Central Bank Governors September 2015 G20/OECD PRINCIPLES OF CORPORATE GOVERNANCE © OECD 2015 3 Note by the OECD Secretary-General G20 Finance Ministers and Central Bank Governors Meet...

established any loss reserve in its accounts. Executive perspective for business trends in 2020 The Company's management foresees that the Company emphasis on caravan service at end of half year 2020 with

enormous potential to grow the Company’s scale of business operations from fundamental perspective. Such a transaction is not considered a connected transaction as defined by the Notifications of the Capital

. Consequencely, the Company has not established any loss reserve in its accounts. Executive perspective for business trends in 2020 The Company's management foresees that the Company emphasis on caravan service