Update on Hong Kong Investor Identification Regime and OTC Reporting Regime

Pain Points Obtaining Individual Client Consent • Consequences of not obtaining individual client's consent: ⚫ under the HKIDR, the RRI should only effect sell orders asifma S Pain Points Growing Asia's Markets ⚫ under the OTCR, if client consent cannot be obtained from any client, the RRI can only effect transfer of shares out of and withdrawal of physical share certificates from, the client account How do you put in place operations and IT procedures to ensure the above? L_LIVE_APAC1:8040846v1 9

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