Canada 2016 US 2018 2018 Source: KPMG, Morningstar, Reuters, ESMA, BAFIN, FCA Internal study Request for collaboration Public awareness Name and shame Fee restriction Litigation Self discipline Market

) -2.4% (9.10) -1.4% (14.24) -1.9% 56.5% -23.4% Net profit 143.73 18.4% 103.90 15.6% 122.93 16.7% 18.3% -14.5% Non-controlling interests of the subsidiaries (0.05) 0.0% (0.40) -0.1% - 0.0% 100.0% 100.0

(including their controlling shareholders), and asset managers that good corporate governance improves returns and better manages risks has led to a virtuous circle of engagement, dialogue, and governance

the relationships among the management, board of directors, controlling shareholders, minority shareholders and other stakeholders. Good corporate governance contributes to sustainable economic

when they establish their private contractual relations. This corporate governance framework typically comprises elements of legislation, regulation, self-regulatory arrangements, voluntary commitments

% (14.42) -2.0% -20.8% -29.9% Net profit 149.11 18.7% 145.48 19.0% 126.39 17.3% -13.1% -15.2% Non-controlling interests of the subsidiaries (0.40) -0.1% (0.21) 0.0% (0.15) 0.0% 100.0% 100.0% Net profit

expense (20.28) -2.5% (14.42) -2.0% (9.10) -1.4% -36.9% -55.1% Net profit 144.90 18.0% 126.39 17.3% 103.90 15.6% -17.8% -28.3% Non-controlling interests of the subsidiaries (0.35) 0.0% (0.15) 0.0% (0.40

-controlling interests of the subsidiaries (0.01) (0.02) (0.04) (0.07) (0.03) (300.00) Revenue Revenues from operation of the Group Company consist of revenue from services and rental including procuring project

)*`! +!#()* SET '"`Z )! 3. /Z #[())M()* )Q\(M$R ,""\+M$?&',"\% \% )% )C controlling shareholders T'T 4. +M$?##+]'#O * .")% "% ! SET ,"!L̀#+]'# ,".%#+"! )K$ ! SET ()*\! .'.%"O*% )K$!O SET +M

-controlling interests of the subsidiaries (0.26) (0.36%) (0.06) (0.08%) (0.20) (365.56%) Revenue Total revenues from operation of SAAM Group consist of (1) revenues from provision of service and rental