Investor Presentaiton

MORGAN STANLEY BANK ASIA LIMITED NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2020 8. OTHER EXPENSE 2020 US$'000 2019 US$'000 Staff costs Directors' remuneration Fees 203,884 165,609 169 167 Contribution to defined contribution plan 71 Others 13,277 70 9,796 Auditors' remuneration: Fees payable to the Company's auditor for the audit of the Company's annual financial statements 614 580 Fees payable to the Company's auditor for other services to the Company 27 Non-audit professional services 7,084 1 6,890 Management charges from other Morgan Stanley Group undertakings relating to staff costs 496 298 Management charges from other Morgan Stanley Group undertakings relating to other services 80,655 75,926 Others 4,141 4,345 310,418 263,682 Included within 'Staff costs', 'Directors' remuneration' and 'Management charges from other Morgan Stanley Group undertakings' are amounts totalling US$20,670,000 (2019: US$18,678,000) in relation to equity-settled share-based compensation plans granted to employees of the Company. These costs reflect the amortisation of equity-based awards in relation to current and previous years' awards and are therefore not directly aligned with other staff costs in the current year. Similarly, included within 'Staff costs', 'Directors' remuneration' and 'Management charges from other Morgan Stanley Group undertakings' are amounts totalling US$21,319,000 (2019: US$19,471,000) in relation to the amortisation of current and previous years' awards of deferred cash-based compensation, granted to employees of the Company. Further information regarding employee compensation plans is provided in note 31. For the years ended 31 December 2020 and 31 December 2019, the Company has not paid any (a) payments or benefits in respect of the termination of the service of directors whether in the capacity of directors or in any other capacity while being a director of the Company, and (b) consideration provided to or receivable by any third party for making available the services of a person as a director or in any other capacity while being a director of the Company. During the year, the Company has not granted any loans, quasi-loans nor entered into any other dealings in favor of (a) the Directors, (b) entities controlled by the Directors; or (c) entities connected with the Directors (2019: Nil). 27 27

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