Investor Presentaiton

4.8 Offering documents Public and private OFCS: Must comply with baseline disclosure requirements in the OFC Code, for example: General Principles: disclosure should be clear, concise and effective; ongoing disclosure of information shall be disseminated in a timely and efficient manner Whether the OFC is a private OFC or a public OFC Its nature as an OFC with variable capital with limited liability For an umbrella OFC, statement on the segregated liability between sub-funds and warning regarding the enforceability of such segregation in foreign courts Circumstances for cessation of office of key operators and removal procedures Custody arrangements of the OFC's property and associated material risks Termination: summary of circumstances for termination, party who may apply and any shareholders' approval required Manner in which shareholders may obtain the OFC's information and make enquiries Public OFCs Must also comply with the SFC Products Handbook Private OFCS: Must also disclose the investment scope and restrictions Must contain clear disclosures on all material risks specific to the type and nature of assets in which the OFC is invested, in particular where the OFC invests 10% or more of the GAV of the OFC in non-financial or other less common asset class(es) OFC to send the offering document to SFC for filing as soon as practicable following issuance by the OFC SFC 證監會 In the case of changes to the offering documents, should be filed with the SFC within 17 7 days from date of issuance of the revised offering documents

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