Sumitomo Mitsui Banking Corporation, Labuan Branch
Notice Regarding Risk of Transactions with Sanctioned Countries, Regions,
Persons or Entities

As you may be aware, various authorities including those in Malaysia and in the UnitedStates have imposed sanctions which may affect transactions, including remittances andtrade financing transactions that banks are asked to undertake or accept. These sanctions
may be country or region related (e.g., OFAC sanctions on Iran and North Korea, Cuba,
Crimea or Donbas regions of Ukraine, Syria and other countries) or related to certain
persons or entities. These sanctions on country, region, persons or entities may be updated
from time to time with the addition or removal of names.
The United States continues to expand sanctions on Russia in response to its invasion ofUkraine and has expanded secondary sanctions targeting Russia. To this end, the Office ofForeign Assets Control (“OFAC”) has imposed secondary sanctions on any foreign financial
institution that facilitates prohibited transactions. In light of the OFAC prohibitions on certaintransactions related to Russia, specifically in certain critical goodsA and operating or havingoperated in certain sectorsB in Russia, please be informed that Sumitomo Mitsui Banking
Corporation, Labuan Branch (“the Bank”) will not be able to support, facilitate or process anytransaction or banking service that relates directly or indirectly to transactions involving thecritical goodsA and/or sectorsB in Russia (please refer to Annex A and B).
We draw your attention that where we are requested to undertake any financial transactions
or banking services or we receive payments involving sanctioned persons or entities or theabove-mentioned critical goods or sectors, there is a risk that these transactions and yourfunds relating to the transactions, may be blocked frozen, refused, cancelled, reversed ordelayed and you may incur losses, liabilities, penalties, costs and expenses (“Liabilities”) asa result.
Please be informed that the Bank shall not be responsible or liable for any Liabilities should
we be requested to undertake such transactions/services or should we receive suchpayments. Without prejudice to the generality of the foregoing, should funds credited to youraccount be connected to any sanctioned country, region, person or entity we may debit youraccount in the amount of those funds plus any charges relating thereto. In addition, should
the Bank incur any Liabilities, we shall be indemnified by you.
We recommend that prior to entering into any transaction or service, you should ensure it is
not prohibited by any such sanctions. We seek your co-operation in ensuring that yourtransactions with us are not connected, in any way whether directly or indirectly, with any
sanctioned country, region, person or entity or critical goods or sectors, and in providing uswith information we may request to satisfy our due diligence requirements. If at any time you
think a transaction or service may have direct or indirect links to a sanctioned country,region, person or entity or critical goods or sectors, you should inform us immediately. Seek
your co-operation in this process.

We thank you for your kind attention. With effect from the date of this letter, should you
submit any request for a transaction to us (including requests made via the SMAR&TS
system or other than on the Bank’s application forms) or enter into any agreement with us orif we receive any payment on your behalf that is connected in any way with a sanctioned
person or entity or critical goods or sectors, it will be deemed to be on the basis that thecontents of this letter are agreed and form a part of your request/instructions to us.
Reference: https://home.treasury.gov/news/press-releases/jy2404(This is a computer generated notice, signature is not required)

Date: 8 October 2024

Annex A
The Russia Critical Items Determination issued by U.S. Office of Foreign Assets Control,
pursuant to subsection 11(a)(ii) of Executive Order 14024 identifies certain items that
support Russia’s military-industrial base. Please note that the list is subject to periodic
updates or additional determinations may be issued from time to time.

Extracted from: 1150 | Office of Foreign Assets Control (treasury.gov)

Annex B
Technology sector of the Russian Federation economy: The term technology sector of
the Russian Federation economy includes activities such as the production, procurement,research, development, design, engineering, testing, servicing, financing, distribution, use, ortransport involving the Russian Federation, of software, equipment, electronics, items, tools,materials, or devices, and any components, parts, or accessories of the foregoing, related to
the fields of computing, engineering, applied mathematics, or applied sciences involving theRussian Federation and any related activities, including the provision or receipt of goods orservices involving the technology sector of the Russian Federation economy.
Defense and related material sector of the Russian Federation economy: The term
defense and related materiel sector of the Russian Federation economy includes military,armed forces, or security forces of or within the Russian Federation; the use of arms orrelated materiel by military, armed forces, or security forces of or within the RussianFederation; any person designing, developing, manufacturing, supplying, financing,procuring, or distributing goods, services, or technology to, from, or involving military, armed
forces, or security forces of or within the Russian Federation; and any related activities,including the provision or receipt of goods, services, or technology involving the defense andrelated materiel sector of the Russian Federation economy. The term defense and relatedmateriel sector of the Russian Federation economy also includes acquisition, possession,procurement, research, design, development, testing, evaluation, manufacture,maintenance, upgrade or refurbishment, shipping, supply, sale, transfer, or storage to, from,within, for, transiting, or on behalf of the Russian Federation of arms or related materiel of all
types; enablers, aggregates, components, parts, as well as related documentation andinstructions for any such arms or related materiel; or training for the use of included systems,
provision of simulation equipment, documentation (including training manuals, maintenanceorders, or technical bulletins), prototypes, software upgrades, and licensing andmanufacturing agreements for such items.
Construction sector of the Russian Federation economy: The term construction sectorof the Russian Federation economy includes activities such as the production, procurement,devising, framing, design, testing, financing, distribution, or transport involving the RussianFederation, of goods, services, or technology to fabricate, shape, alter, maintain, or form any
buildings or structures, including the on-site development, assembly, or construction ofresidential, commercial, or institutional buildings, or of transportation infrastructure, in theRussian Federation; and any related activities, including the provision or receipt of goods,services, or technology to, from, or involving the construction sector of the RussianFederation economy.
Aerospace sector of the Russian Federation economy: The term aerospace sector of
the Russian Federation economy includes activities such as the production, procurement,development, design, testing, servicing, financing, distribution, use, or transport involving theRussian Federation and its airspace, of aircraft or any other device used or intended to beused for flight or activities in the air or in space, missiles, unmanned aerial vehicles, spacebased vehicles, satellites, high-altitude balloons, any other device that operates above thesurface of the earth, and any items, components, parts, or accessories intended for theforegoing; airports or any other area of land or water used or intended to be used for a
purpose related to the aerospace sector of the Russian Federation; and any related
activities, including the provision or receipt of goods, services, or technology involving theaerospace sector of the Russian Federation economy.
Manufacturing sector of the Russian Federation economy: The term manufacturingsector of the Russian Federation economy includes activities such as the creation,
modification, repair, testing, or financing, of goods by manual labor or machinery involving
the Russian Federation and any related activities, including the provision or receipt of goods,
services, or technology to, from, or involving the manufacturing sector of the RussianFederation economy. Note that persons conducting or facilitating transactions that areexempt or authorized by OFAC—such as those related to the provision of agriculturalcommodities, food, medicine, or medical devices, or related to energy—will not be subject tosanctions under E.O. 14024.
Extracted from: 1126 | Office of Foreign Assets Control (treasury.gov)