[Group News] Opening Speech at the Cooperation Memorandum Signing Ceremony

Dear CANA TRUST,

Good morning! We are honored to invite representatives from the Securities and Exchange Regulatory Authority of Cambodia (SERC), including representatives from the Royal Government in the role of Mr. Sou Socheat as Director, Dr. Vin Pheakdey as Director of the Securities Intermediaries Supervision Department, and Mr. Yun Sovannara as the Director of the Derivatives Business Supervision Department Director and Mr. Bich Rithy as Deputy Director of the Derivatives Business Supervision Department, as well as Mr. Stony Fan, Mr. Don Hsieth and Mr. Yeah yong sheng attended our memorandum signing ceremony. Today’s signing marks the day we reach a new milestone in promoting and sustaining collective investment schemes (CIS) in Cambodia for all fund management, fund distribution, fund administration and trustees.

In recent years, we have noticed growing demand in the capital markets of the ASEAN region, and according to a Deloitte report, assets under management (AUM) are expected to grow to US$3.5 trillion in 2025. It is planning to use asset management to grow its business and raise capital. This is also an opportunity for Cambodia to develop its financial market, prepare strategies for challenges, and seize new opportunities.

For the public sector, regulators have been very active in strengthening relevant laws and regulations. Therefore, investors, governments and asset management players need to work together on a long-term journey. A journey to make the Cambodian market more prosperous and bring the collective investment scheme business to international standards.

Additionally, technology is changing the way we work, and innovation in asset management is finally here!

Phnom Penh FinTech Investment (PPFI) will play the role of a system provider, with our cloud-based ready-to-use program providing a variety of integrated solutions to meet the needs of all fund management operations, while serving as a tool for the government to oversee the entire asset management in Cambodia. We provide solutions, providing consultants, the right operators and systems, what we call fund management company outsourcing services.

Ultimately, our mission is to provide in-depth knowledge and expertise in asset management to build a solid foundation for collective investment scheme business today and to be fully prepared for tomorrow. As we often say: “A journey of a thousand miles begins with a single step.”

I would like to thank again for being here today on this special occasion to witness the commitment of both parties to paving the way for the entire collective investment scheme business. At the same time, I hope that through mutual creation, our collaboration will showcase Cambodia’s asset management and operational performance in a timely manner. Thank you very much for your time and attendance.

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CANA TRUST Good morning,
HE Mr. Sou Socheat, Delegate of Royal Government in Charge as Director General of SERC. HE Dr. Vin Pheakdey, Director of Securities Intermediaries Supervision Department. Mr. Yun Sovannara, Head of CIS & Derivatives Business Supervision Division. Mr. Bich Rithy, Deputy Head of CIS & Derivatives Business Supervision Division. Mr.Stony Fan, Mr. Don Hsieth and Mr. Yeah yong sheng

It is my greatest honor to welcome you to the Memorandum of Understanding Signing Ceremony between the Securities and Exchange Regulator of Cambodia (SERC) and Phnom Penh FinTech Investment (PPFI). Today's signing marks a significant milestone to facilitate and sustain the Collectives Investment Schemes ( CIS) for all Fund Management, Fund Distribution, Fund Administrator, and Trustees in Cambodia.

In recent years, we noticed that there's surging demand from the Capital market in the ASEAN region with AUM is expected to grow to $3.5 Trillion dollars by the year 2025 according to Deloitte's Report. It's planning to take advantage of asset management to grow its businesses and financing. This is also the opportunity for Cambodia to grow and develop the financial market by preparing for strategies the challenges and capturing new opportunities.

For the public sector, the regulators have always been active in terms of reinforcing the relevant Law and Regulations. With that said, investors, the Government and the Asset Management participants will need to come together to embark on a long-lasting journey. A journey to brighten the market in Cambodia, and to bring Collectives Investment Schemes business towards international standards.

Besides that, Technology is transforming the way we work, and innovation in Asset Management is finally happening!

With our ready-to-use platform, Phnom Penh FinTech Investment will carry out a mission as 'The System Provider'; a variety of integrated solutions to fulfill all the fund management operations, while also served as a Government Tool to supervise the whole asset management in Cambodia.

We provide the solutions to the fund houses and provide the consultancy, suitable operators, and systems, what we called the outsource services to the fund management company.

Finally, our mission is to deliver profound knowledge and expertise relating to Asset Management to build up a strong foundation for the Collective Investment Scheme Business today and to be well-prepared for Tomorrow. As we always say: ''A journey of a thousand miles begins with a single step''.

Once again, I am very grateful for this special occasion to be able to witness the commitment of both parties to pave the wave for the whole Collective Investment Scheme business. In the meantime, I hope through mutual creativity, our collaboration will be on time to show the performance of asset management and operations in Cambodia.

Thank you so much for your valuable time and presence.