div class=ts-pagebuttonPage 1button div class=ts-image amp-img class=ts-thumb alt=Page 1: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails1jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 2button div class=ts-image amp-img class=ts-thumb alt=Page 2: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails2jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 3button div class=ts-image amp-img class=ts-thumb alt=Page 3: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails3jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 4button div class=ts-image amp-img class=ts-thumb alt=Page 4: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails4jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 5button div class=ts-image amp-img class=ts-thumb alt=Page 5: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails5jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 6button div class=ts-image amp-img class=ts-thumb alt=Page 6: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails6jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 7button div class=ts-image amp-img class=ts-thumb alt=Page 7: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails7jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 8button div class=ts-image amp-img class=ts-thumb alt=Page 8: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails8jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 9button div class=ts-image amp-img class=ts-thumb alt=Page 9: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails9jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 10button div class=ts-image amp-img class=ts-thumb alt=Page 10: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina 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13button div class=ts-image amp-img class=ts-thumb alt=Page 13: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails13jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 14button div class=ts-image amp-img class=ts-thumb alt=Page 14: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails14jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 15button div class=ts-image amp-img class=ts-thumb alt=Page 15: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails15jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 16button div class=ts-image amp-img class=ts-thumb alt=Page 16: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails16jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 17button div class=ts-image amp-img class=ts-thumb alt=Page 17: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails17jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 18button div class=ts-image amp-img class=ts-thumb alt=Page 18: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails18jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 19button div class=ts-image amp-img class=ts-thumb alt=Page 19: linkssgxcom440 393 386 377 366 362 335 334 328 319 3640 Managers investment report continued Details of Top 10 holdings of the Fund: As at 31 December 2019 Alumina src=https:reader030vdocumentinreader030viewer20220402055f05d5da7e708231d414f2a1html5thumbnails19jpg width=142 height=106 layout=responsive amp-img divdiv