Investor Presentaiton

BACKGROUND ■ SMG entered into a contract manufacturing agreement with MSIL to supply the entire production for sale to MSIL. ■ SMG was required by contract to work on a 'no profit-no loss' basis and not accumulate any surplus of any kind. ■This being a related party transaction, was approved by the majority of minority shareholders and the CMA was signed in 2015. ■ The CMA was initially for a period of 15 years. In the event of termination, MSIL would have the first option to acquire 100% of SMC's equity in SMG at net book value. 5

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