Investor Presentaiton

Streamlining of the regulatory framework Streamlining of the regulatory framework would make it easier for Hong Kong to create a vision for the trust industry, which would in turn contribute to the long term development of the market and enhance its international competitiveness. >> Most effective method to grow the Hong Kong trust industry KPMG 16% 8% 11% 30% Regulation of trust companies Government support, training and incentive programs Relaxation of investment requirements Tax law amendments to provide clarity on trust taxation ■Further amendments to HKTO 19% ■ Others 16% Source: Joint KPMG and HKTA survey © 2017 KPMG, a Hong Kong partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in Hong Kong. Document Classification: KPMG Confidential

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