Michael Brian Lai

Templeton Asset Management Ltd. (Hong Kong) (TAML-HK) is the Hong Kong-based asset management division of Templeton Asset Management Ltd., ultimately held by Franklin Resources, Inc. (NYSE: BEN) in the US. The firm originated as a Hong Kong research office in 1987, and has been supported since 1994 by a marketing office (Franklin Templeton Investments Asia Ltd.) which distributes a range of unit trusts from the Franklin and Templeton families of funds. TAML-HK performs research and advises the parent company on the management of Templeton sub-funds invested in Asia and the Far East. The investment teams in Hong Kong and Singapore work in close relationship. The firm is headquartered in Hong Kong.

GAM Hong Kong Ltd. (GAM-HK) is the Hong Kong-based mutual fund management subsidiary of GAM Singapore Pte Ltd., itself a subsidiary of GAM Holding AG (SWX: GAM), an asset management group headquartered in Switzerland. Founded in 1985, GAM-HK provides active investment solutions and products for institutions, endowments, family offices, intermediaries and high net-worth individuals.