In addition, the Management Company reserves the right to change the fund’s performance benchmark, as deemed appropriate, in circumstances that the Master Fund changes its performance benchmark and/or SCBGLOB changes its Master Fund. In this regard, the Management Company shall notify the unitholders of such changes by posting a notification at the company’s office, the supporting agents’ offices, and the company website. Furthermore, the Management Company would produce a letter to inform the SEC of the changes in a promptly manner.

The Management Company reserves the right to impose a new fund’s performance benchmark, which better addresses the investment objective and policy of the fund. The unitholders would be notified within 90 days prior to the change. In this regard, the Management Company shall notify the unitholders of the changes by posting a notification at the company’s office, the supporting agents’ offices, the company website, and the supporting agents’ website (if any).

However, in the circumstances that the Management Company has to change the performance benchmark due to external factors, for example, the index provider cancels the index calculation of the fund’s performance benchmark or the benchmark is changed as imposed by the regulatory agencies, the Management Company reserves the right to not notify the unitholders of the changes. Nevertheless, the Management Company is entitled to post a notification at the company’s office, the supporting agents’ offices, the company website, and the supporting agents’ website.