In light of the recent uncertainties in the global markets, please be assured that your monies and assets custodised with Phillip Securities Pte Ltd ( PSPL ) are safe. Our customers 2019 monies and assets, including those assets that are custodised with appointed foreign custodians, are safekept in accounts which are designated as trust accounts for customers in compliance with the MAS 2019 requirements under the Securities and Futures Act ( 201cSFA 201d) and Securities and Futures (Licensing and Conduct of Business) Regulations. PSPL thereby protects customers 2019 monies and assets by keeping them in customer segregated accounts separate from PSPL 2019s own, with proper record keeping and controls put in place. Section 104A of the SFA also provides that monies and assets belonging to customers are not available for payment of PSPL 2019s debts and shall not be liable to be paid or taken in execution under an order or a process of any court. Protection of investor assets remains our utmost priority. Thank you for trusting PhillipCapital to be your partner in finance.