Funds Passport (ARFP) (List of the Notifications in Enclosure 5) shall also apply to HK-TH-MRF on the condition that they are not contradictory or inconsistent with the cooperative framework under HK-TH
contradictory or inconsistent with the cooperative framework under HK-TH MRF. The details are as follows: 2.1 Inbound regulations · Hong Kong Covered Management Companies shall comply with the provisions
regulations governing the ASEAN Collective Investment Schemes (ASEAN CIS) and the Asia Region Funds Passport (ARFP) shall also apply to HK-TH-MRF on the condition that they are not contradictory or inconsistent
governing the ASEAN Collective Investment Schemes (ASEAN CIS) and the Asia Region Funds Passport (ARFP) shall also apply to HK-TH-MRF on the condition that they are not contradictory or inconsistent with the
obligation between unitholders and the mutual fund management company has been contradictory to the Law on Securities and Exchange as well as the Notifications, Regulations or Orders issued by virtue of such
myopic as their job security is reduced in the presence of takeover threats. Consequently, they are hesitant to make significant investments in building a strong corporate culture in the long run