GuocoEquity Assets Limited (GEAL), a direct wholly-owned subsidiary of Guoco Group Limited, is involved in a 50:50 joint venture with GuoLine Group Management Company Pte. Ltd. (GGMC) through their jointly owned company, GuoLine Advisory Pte. Ltd. (GAPL). GEAL, incorporated in Hong Kong, plays a pivotal role in the investment management and advisory operations of the group. The recent agreements, effective from November 1, 2022, to October 31, 2025, have GAPL providing discretionary fund management and investment advisory services under favorable commercial terms. These transactions, deemed fair and reasonable, are aligned with the interests of the Group and its shareholders, reflecting GEAL's strategic involvement in enhancing the company's investment capabilities.