Introduction Nikko Asset Management Co., Ltd. (“Nikko AM”) is the Tokyo based headquarters of the Nikko Asset Management Group (“Nikko AM Group”), which consists of Nikko AM and its affiliates. Nikko AM’s principal place of business is Japan, where it is authorized and regulated by the Financial Services Agency to provide investment advisory and asset management services. Corporate History The history of Nikko AM dates back to 1959 when its predecessor Nikko Securities Investment Trust Co., Ltd. was established. It subsequently merged with Nikko International Capital Management Co., Ltd. (established 1981) in 1999, to form Nikko AM. As one of Japan’s largest asset management companies, Nikko AM has significantly expanded its operations both in Asia and internationally, in pursuit of its primary business objective: to become the world’s leading pan-Asian asset management group. It is the Nikko AM Group’s core belief that there are great opportunities for specialist investment managers in the fast-growing Asian markets and what clients and distributors really want is a strong, dedicated Asian based investment firm, like Nikko AM, which can grasp the often nuanced and local characteristics of markets and global investor requirements. By utilizing its deep knowledge of the local markets in Asia and leveraging the group’s global presence and resources, Nikko AM aims to maximize the value it delivers to its clients regardless of their geographic location. The acquisitions of DBS Asset Management Ltd and Tyndall Investment Management Limited during 2011, and Treasury Asia Asset Management Limited in 2013 have enabled the Nikko AM Group to significantly strengthen its presence across Asia. Nikko AM also extended its capabilities in Europe with the addition in August 2014 of an Edinburgh-based investment team, which previously managed the high-alpha equity strategy at Scottish Widows Investment Partnership. The team now manages Nikko AM’s Global Equity strategy. These acquisitions have significantly contributed to the diversity of Nikko AM Group’s assets under management and client base, as well as its global team of investment professionals. As a result of its acquisitions, the Nikko AM Group can offer global investment and distribution capabilities in Tokyo, Singapore, Hong Kong, Auckland, Edinburgh, London and New York. Nikko AM also owns 40% of Rongtong Fund Management in China, 27% of Affin Hwang Asset Management Berhad in Malaysia, 20% of Yarra Capital Management in Australia and a minority stake in ARK Investment Management LLC in the US. Ownership On 15 January 2021, Nikko AM became a wholly owned subsidiary of Sumitomo Mitsui Trust Holdings, Inc. However, in March 2021, Sumitomo Mitsui Trust (Hong Kong) Limited also became a shareholder of Nikko AM, receiving a 1.00% stake. Sumitomo Mitsui Trust Holdings retained the remaining 99.00%. Assets Under Management As at 31 March 2022, preliminary consolidated assets

under management and advice of the Nikko AM Group were approximately USD 243.3 billion. Of this, Nikko AM was responsible for USD 225.0 billion, which can be broken down as follows: AUM (in USD Mn) Discretionary Assets 224,848.76 Non-Discretionary Assets 194.30 Total 225,043.06 Advisory Services In responding to the diverse needs of investors, the Nikko AM Group offers both active and passive investment capabilities across equity, fixed income and alternative asset classes, with key strengths in multiple pan-Asian asset strategies. The Nikko AM Group’s hybrid culture, experience and Asia-focused perspective offers crucial insights into understanding the nuances of opportunities and challenges within Asian markets. This informs investment decisions in a way that is extremely hard for non-local firms to emulate. Moreover, as a group, we have shown a deep commitment to the region, establishing a strong bench of investment expertise within these specialized markets. Our experience of investing and advising clients on Asian securities, broken down by region, is as follows:  Japanese Equities—since 1959  Asia Pacific ex Japan—since 1990  Emerging Asia—since 1994  China—since 2005  Multi Assets—since 2014  Global Equities—since 2014 Nikko AM believes the best way of managing regional portfolios is to rely on the expertise of local professionals, based in the appropriate investment region. Portfolio managers and research analysts are highly experienced professionals, with in-depth knowledge of their own markets, as well as cultural and political aspects impacting them. The skills and expertise of each team is combined and brought together to offer specialist regional asset management services. As a result, mandates may be sub-delegated to specialist investment teams at Nikko AM Group affiliates in Tokyo, Singapore, Hong Kong, Auckland, Edinburgh, London and New York. Additionally, the Nikko AM Group also provides sub-advisory services. These services are offered as a means of accessing products managed by leading asset managers, world- wide. Services are primarily provided to individual and institutional investors (clients), through investment companies or other pooled investment vehicles, including mutual funds, closed- end investment companies, Japanese investment trusts, unit investment trusts, private companies or hedge funds or offshore funds ("pooled investment vehicles") and separate (segregated) accounts. Nikko AM manages portfolios in accordance with the specified guidelines and objectives of each individual client. In this regard, clients may impose restrictions on investing in certain securities or types of securities. Services may also be limited by legal and regulatory requirements. Such restrictions will be clearly specified in investment management agreements, following consultations with clients and will consider the impact of the proposed restriction of the investment strategy, relevant laws and regulatory requirements.