Samsung Asset Management Company, Ltd.

Event Detail: LEE JAE-YONG, THE VICE-CHAIRMAN OF SAMSUNG ELECTRONICS, WAS INDICTED ON AN ILLIGAL MERGER OF SAMSUNG C&T AND CHEIL INDUSTRIES THAT HELPED HIM TIGHTEN CONTROL OVER THE COMPANY. HE PLED NOT GUILTY FOR ALL CHARGES. Status: On Appeal Disposition: LEE JAE-YONG, THE VICE-CHAIRMAN OF SAMSUNG ELECTRONICS, WAS INDICTED ON AN ILLIGAL MERGER OF SAMSUNG C&T AND CHEIL INDUSTRIES THAT HELPED HIM TIGHTEN CONTROL OVER THE COMPANY. HE PLED NOT GUILTY FOR ALL CHARGES. THE PROSECUTOR OF KOREA CHARGED LEE ON VIOLATION OF FINANCIAL INVESTMENT SERVICES AND CAPITAL MARKET ACT. Summary: THE PROSECUTOR OF KOREA CHARGED LEE JAE-YONG, THE VICE-CHAIRMAN OF SAMSUNG ELECTRONICS, ON VIOLATION OF FINANCIAL INVESTMENT SERVICES AND CAPITAL MARKET ACT.

Event Detail: JAE-YONG LEE, THE VICE-CHAIRMAN OF SAMSUNG ELECTRONICS, WAS CHARGED ON FIVE CHARGES: BRIBERY, EMBEZZLEMENT, PERJURY,HIDING ASSETS ABROAD AND CONCEALING PROFIT GAINED FROM CRIMINAL ACTS. HE PLED NOT GUILTY FOR ALL CHARGES. THECHARGES ARE NOT RELATED TO INVESTMENT PRODUCTS OR INVESTMENT ACTIVITIES OF THE REGISTRANT. Status: Final Disposition: "ON FEBRUARY 05, 2018 SEOUL HIGH COURT AFFIRMED IN PART AND VACATED IN PART THE CONVICTION BY SEOUL CENTRAL DISTRICT COURTISSUED AUGUST 25, 2017 AND REDUCED THE SENTENCE FROM 5 YEARS IN PRISON TO 2 YEARS AND 6 MONTHS IN PRISON WITH 4-YEARPROBATION. IN THE SEOUL HIGH COURT DECISION, LEE WAS CONVICTED OF A PART OF BRIBERY, EMBEZZLEMENT, CONCEALING PROFIT GAINEDFROM CRIMINAL ACTS, AND PERJURY CHARGES AND WAS ACQUITTED OF HIDING ASSETS ABROAD CHARGE AND A PART OF BRIBERY,EMBEZZLEMENT, CONCEALING PROFIT GAINED FROM CRIMINAL ACTS, AND PERJURY CHARGES. LEE APPEALED THE DECISION TO THE SUPREMECOURT. HE WAS RELEASED AND HISA APPEAL IS PENDING BEFROE THE SUPREME COURT. ON JANUARY 18, 2021, LEE WAS SENTENCED TO TWO YEARS AND SIX MONTHS IN PRISON BY A HIGH COURT. ON AUGUST 13, 2021 LEE WAS RELEASED ON PAROLE BY THE SOUTH KOREAN GOVERNEMENT." Summary: THE SPECIAL PROSECUTOR OF KOREA CHARGED JAE-YONG LEE, THE VICE-CHAIRMAN OF SAMSUNG ELECTRONICS, ON FIVE CHARGES: BRIBERY,EMBEZZLEMENT, PERJURY, HIDING ASSETS ABROAD AND CONCEALING PROFIT GAINED FROM CRIMINAL ACTS. PLEASE SEE ITEM 4 ABOVE REGARDING THE DISPOSITION.

Allegations: THE PUBLIC INVESTORS OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF ALLEGED THAT THE FIRM'S UNANNOUNCED INVESTMENT DECISION RELATED TO THE CHANGES OF WTI FUTURE COMPOSITION IS A VIOLATION OF PROSPECTUS, TRUST AGREEMENTS OR ILLEGAL ACTIVITIES. THE WTI FUTURES COMPOSITION CHANGE RESULTED IN THE FUND'S INAV (INDICATED NET ASSET VALUE) WHICH RESULTED IN DAMAGES TO THE UNDERLYING FUND INVESTORS. Status: Final Summary: SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF INVESTS IN WTI CRUDE OIL FUTURES WHICH IS TRADED IN THE NYMEX MARKET. THIS ETF FOLLOWS S&P GSCI CRUDE OIL INDEX EXCESS RETURN AS THE REFERRED INDEX. BUT DUE TO THE UNPRECEDENTED DECLINE IN INTERNATIONAL OIL PRICE IN APRIL, THE FIRM CHANGED THE WTI FUTURE COMPOSITION. THE PUBLIC INVESTORS IN THE FUND ALLEGED THAT THIS UNANNOUNCED CHANGES IN INVESTMENT IS A VIOLATION OF THE PROSPECTUS, TRUST AGREEMENTS AND/OR CONSTITUTE ILLEGAL ACTIVITIES OF THE INVESTMENT COMPANY. THE FIRM FILED A PROTEST STATING THAT THE ADVISER OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF, HAS THE DISCRETIONARY TO CHANGE THE WTI FUTURE COMPOSITION AND THIS INVESTMENT DECISION WAS TAKEN TO PROTECT THE ETF INVESTORS. THE FIRM'S ACTIONS IS PART OF ITS FIDUCIARY DUTY AS A REGISTERED INVESTMENT ADVISER OF SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF. THE FIRM ALSO INSIST THAT THE FUND INAV DID NOT RESULTED ANY DAMAGES OF INVESTORS.

Allegations: THE PUBLIC INVESTORS OF A FUND OF SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF ALLEGED THAT THE FIRM'S UNANNOUNCED INVESTMENT DECISION RELATED TO THE CHANGES OF WTI FUTURE COMPOSITION IS A VIOLATION OF PROSPECTUS, TRUST AGREEMENTS OR ILLEGAL ACTIVITIES, WHICH RESULTED THE DAMAGES TO THE INVESTORS. Status: Final Summary: SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF INVESTS IN WTI CRUDE OIL FUTURES WHICH IS TRADED IN THE NYMEX MARKET. THIS ETF FOLLOWS S&P GSCI CRUDE OIL INDEX EXCESS RETURN AS THE REFERRED INDEX. BUT DUE TO THE UNPRECEDENTED DECLINE IN INTERNATIONAL OIL PRICES IN APRIL, THE FIRM CHANGED THE WTI FUTURE COMPOSITION. THE PUBLIC INVESTORS IN THE FUND ALLEGED THAT THIS UNANNOUNCED CHANGE IN INVESTMENT COMPOSITION IS A VIOLATION OF THE PROSPECTUS, TRUST AGREEMENTS AND/OR CONSTITUTE ILLEGAL ACTIVITIES OF THE INVESTMENT COMPANY. THE FIRM FILED A PROTEST STATING THAT AS THE ADVISER OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF, IT HAS THE DISCRETIONARY AUTHORITY TO CHANGE THE WTI FUTURE COMPOSITION AND THIS INVESTMENT DECISION WAS TAKEN TO PROTECT THE ETF INVESTORS . THE FIRM'S ACTIONS IS PART OF ITS FIDUCIARY DUTY AS THE REGISTERED INVESTMENT ADVISER OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF.

Allegations: THE PUBLIC INVESTORS OF A FUND OF SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF ALLEGED THAT THE FIRM'S UNANNOUNCED INVESTMENT DECISION RELATED TO THE CHANGES OF WTI FUTURE COMPOSITION IS A VIOLATION OF PROSPECTUS, TRUST AGREEMENTS OR ILLEGAL ACTIVITIES, WHICH RESULTED THE DAMAGES TO THE INVESTORS. Status: Final Summary: SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF INVESTS IN WTI CRUDE OIL FUTURES WHICH IS TRADED IN THE NYMEX MARKET. THIS ETF FOLLOWS S&P GSCI CRUDE OIL INDEX EXCESS RETURN AS THE REFERRED INDEX. BUT DUE TO THE UNPRECEDENTED DECLINE IN INTERNATIONAL OIL PRICES IN APRIL, THE FIRM CHANGED THE WTI FUTURE COMPOSITION. THE PUBLIC INVESTORS IN THE FUND ALLEGED THAT THIS UNANNOUNCED CHANGE IN INVESTMENT COMPOSITION IS A VIOLATION OF THE PROSPECTUS, TRUST AGREEMENTS AND/OR CONSTITUTE ILLEGAL ACTIVITIES OF THE INVESTMENT COMPANY. THE FIRM FILED A PROTEST STATING THAT AS THE ADVISER OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF, IT HAS THE DISCRETIONARY AUTHORITY TO CHANGE THE WTI FUTURE COMPOSITION AND THIS INVESTMENT DECISION WAS TAKEN TO PROTECT THE ETF INVESTORS . THE FIRM'S ACTIONS IS PART OF ITS FIDUCIARY DUTY AS THE REGISTERED INVESTMENT ADVISER OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF.

Allegations: THE PUBLIC INVESTORS OF A FUND OF SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF ALLEGED THAT THE FIRM'S UNANNOUNCED INVESTMENT DECISION RELATED TO THE CHANGES OF WTI FUTURE COMPOSITION IS A VIOLATION OF PROSPECTUS, TRUST AGREEMENTS OR ILLEGAL ACTIVITIES, WHICH RESULTED THE DAMAGES TO THE INVESTORS. Status: Final Summary: SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF INVESTS IN WTI CRUDE OIL FUTURES WHICH IS TRADED IN THE NYMEX MARKET. THIS ETF FOLLOWS S&P GSCI CRUDE OIL INDEX EXCESS RETURN AS THE REFERRED INDEX. BUT DUE TO THE UNPRECEDENTED DECLINE ININTERNATIONAL OIL PRICES IN APRIL, THE FIRM CHANGED THE WTI FUTURE COMPOSITION. THE PUBLIC INVESTORS IN THE FUND ALLEGEDTHAT THIS UNANNOUNCED CHANGE IN INVESTMENT COMPOSITION IS A VIOLATION OF THE PROSPECTUS, TRUST AGREEMENTS AND/ORCONSTITUTE ILLEGAL ACTIVITIES OF THE INVESTMENT COMPANY. THE FIRM FILED A PROTEST STATING THAT AS THE ADVISER OF THE SAMSUNGKODEX WTI CRUDE OIL FUTURE ETF, IT HAS THE DISCRETIONARY AUTHORITY TO CHANGE THE WTI FUTURE COMPOSITION AND THISINVESTMENT DECISION WAS TAKEN TO PROTECT THE ETF INVESTORS . THE FIRM'S ACTIONS IS PART OF ITS FIDUCIARY DUTY AS THE REGISTERED INVESTMENT ADVISER OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF.

Allegations: THE PUBLIC INVESTORS OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF ALLEGED THAT THE FIRM'S UNANNOUNCED INVESTMENT DECISION RELATED TO THE CHANGES OF WTI FUTURE COMPOSITION IS A VIOLATION OF PROSPECTUS, TRUST AGREEMENTS OR ILLEGAL ACTIVITIES. THE WTI FUTURES COMPOSITION CHANGE RESULTED IN THE FUND'S INAV (INDICATED NET ASSET VALUE) WHICH RESULTED IN DAMAGES TO THE UNDERLYING FUND INVESTORS. Status: Final Summary: SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF INVESTS IN WTI CRUDE OIL FUTURES WHICH IS TRADED IN THE NYMEX MARKET. THIS ETF FOLLOWS S&P GSCI CRUDE OIL INDEX EXCESS RETURN AS THE REFERRED INDEX. BUT DUE TO THE UNPRECEDENTED DECLINE IN INTERNATIONAL OIL PRICE IN APRIL, THE FIRM CHANGED THE WTI FUTURE COMPOSITION. THE PUBLIC INVESTORS IN THE FUND ALLEGED THAT THIS UNANNOUNCED CHANGES IN INVESTMENT IS A VIOLATION OF THE PROSPECTUS, TRUST AGREEMENTS AND/OR CONSTITUTE ILLEGAL ACTIVITIES OF THE INVESTMENT COMPANY. THE FIRM FILED A PROTEST STATING THAT THE ADVISER OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF, HAS THE DISCRETIONARY TO CHANGE THE WTI FUTURE COMPOSITION AND THIS INVESTMENT DECISION WAS TAKEN TO PROTECT THE ETF INVESTORS. THE FIRM'S ACTIONS IS PART OF ITS FIDUCIARY DUTY AS A REGISTERED INVESTMENT ADVISER OF SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF. THE FIRM ALSO INSIST THAT THE FUND INAV DID NOT RESULTED ANY DAMAGES OF INVESTORS.

Allegations: THE PUBLIC INVESTORS OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF ALLEGED THAT THE FIRM'S UNANNOUNCED INVESTMENT DECISION RELATED TO THE CHANGES OF WTI FUTURE COMPOSITION IS A VIOLATION OF PROSPECTUS, TRUST AGREEMENTS OR ILLEGAL ACTIVITIES. THE WTI FUTURES COMPOSITION CHANGE RESULTED IN THE FUND'S INAV (INDICATED NET ASSET VALUE) WHICH RESULTED IN DAMAGES TO THE UNDERLYING FUND INVESTORS. Status: Final Summary: SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF INVESTS IN WTI CRUDE OIL FUTURES WHICH IS TRADED IN THE NYMEX MARKET. THIS ETF FOLLOWS S&P GSCI CRUDE OIL INDEX EXCESS RETURN AS THE REFERRED INDEX. BUT DUE TO THE UNPRECEDENTED DECLINE IN INTERNATIONAL OIL PRICE IN APRIL, THE FIRM CHANGED THE WTI FUTURE COMPOSITION. THE PUBLIC INVESTORS IN THE FUND ALLEGED THAT THIS UNANNOUNCED CHANGES IN INVESTMENT IS A VIOLATION OF THE PROSPECTUS, TRUST AGREEMENTS AND/OR CONSTITUTE ILLEGAL ACTIVITIES OF THE INVESTMENT COMPANY. THE FIRM FILED A PROTEST STATING THAT THE ADVISER OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF, HAS THE DISCRETIONARY TO CHANGE THE WTI FUTURE COMPOSITION AND THIS INVESTMENT DECISION WAS TAKEN TO PROTECT THE ETF INVESTORS. THE FIRM'S ACTIONS IS PART OF ITS FIDUCIARY DUTY AS A REGISTERED INVESTMENT ADVISER OF SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF. THE FIRM ALSO INSIST THAT THE FUND INAV DID NOT RESULTED ANY DAMAGES OF INVESTORS.

Allegations: THE PUBLIC INVESTORS OF A FUND OF SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF ALLEGED THAT THE FIRM'S UNANNOUNCED INVESTMENT DECISION RELATED TO THE CHANGES OF WTI FUTURE COMPOSITION IS A VIOLATION OF PROSPECTUS, TRUST AGREEMENTS OR ILLEGAL ACTIVITIES. AND WTI FUTURE COMPOSITION CHANGE RESULTED THE ERRORS OF INAV(INDICATED NET ASSET VALUE) AND LEAD TO THE DAMAGES TO THE INVESTORS. Status: Final Summary: SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF INVESTS IN WTI CRUDE OIL FUTURES WHICH IS TRADED IN THE NYMEX MARKET. THIS ETF FOLLOWS S&P GSCI CRUDE OIL INDEX EXCESS RETURN AS THE REFERRED INDEX. BUT DUE TO THE UNPRECEDENTED DECLINE IN INTERNATIONAL OIL PRICE IN APRIL, THE FIRM CHANGED THE WTI FUTURE COMPOSITION. BUT, THE PUBLIC INVESTORS ALLEGED THAT THIS UNANNOUNCED CHANGES IN INVESTMENT IS VIOLATION OF THE PROSPECTUS, TRUST AGREEMENTS AND/OR ILLEGAL ACTIVITIES OF THE INVESTMENT COMPANY. THE FIRM FILES THE PROTEST THAT AS AN ASSET MANAGEMENT COMPANY OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF, HAS THE DISCRETION TO CHANGE THE WTI FUTURE COMPOSITION AND MEASURES TAKEN WERE TO PROTECT THE INVESTORS. THE FIRM'S ACTION WAS TO COMPLETE THE FIDUCIARY DUTY AS THE ASSET NANAGEMENT COMPANY OF SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF. THE FIRM ALSO INSIST THAT THE ERROR OF INAV DID NOT RESULTED ANY DAMAGES OF INVESTORS.

Allegations: THE PUBLIC INVESTORS OF A FUND OF SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF ALLEGED THAT THE FIRM'S UNANNOUNCED INVESTMENT DECISION RELATED TO THE CHANGES OF WTI FUTURE COMPOSITION IS A VIOLATION OF PROSPECTUS, TRUST AGREEMENTS OR ILLEGAL ACTIVITIES. AND WTI FUTURE COMPOSITION CHANGE RESULTED THE ERRORS OF INAV(INDICATED NET ASSET VALUE) AND LEAD TO THE DAMAGES TO THE INVESTORS. Status: Pending Summary: SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF INVESTS IN WTI CRUDE OIL FUTURES WHICH IS TRADED IN THE NYMEX MARKET. THIS ETF FOLLOWS S&P GSCI CRUDE OIL INDEX EXCESS RETURN AS THE REFERRED INDEX. BUT DUE TO THE UNPRECEDENTED DECLINE IN INTERNATIONAL OIL PRICE IN APRIL, THE FIRM CHANGED THE WTI FUTURE COMPOSITION. BUT, THE PUBLIC INVESTORS ALLEGED THAT THIS UNANNOUNCED CHANGES IN INVESTMENT IS VIOLATION OF THE PROSPECTUS, TRUST AGREEMENTS AND/OR ILLEGAL ACTIVITIES OF THE INVESTMENT COMPANY. THE FIRM FILES THE PROTEST THAT AS AN ASSET MANAGEMENT COMPANY OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF, HAS THE DISCRETION TO CHANGE THE WTI FUTURE COMPOSITION AND MEASURES TAKEN WERE TO PROTECT THE INVESTORS. THE FIRM'S ACTION WAS TO COMPLETE THE FIDUCIARY DUTY AS THE ASSET NANAGEMENT COMPANY OF SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF. THE FIRM ALSO INSIST THAT THE ERROR OF INAV DID NOT RESULTED ANY DAMAGES OF INVESTORS.

Allegations: THE PUBLIC INVESTORS OF A FUND OF SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF ALLEGED THAT THE FIRM'S UNANNOUNCED INVESTMENT DECISION RELATED TO THE CHANGES OF WTI FUTURE COMPOSITION IS A VIOLATION OF PROSPECTUS, TRUST AGREEMENTS OR ILLEGAL ACTIVITIES. AND WTI FUTURE COMPOSITION CHANGE RESULTED THE ERRORS OF INAV(INDICATED NET ASSET VALUE) AND LEAD TO THE DAMAGES TO THE INVESTORS. Status: Final Summary: SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF INVESTS IN WTI CRUDE OIL FUTURES WHICH IS TRADED IN THE NYMEX MARKET. THIS ETF FOLLOWS S&P GSCI CRUDE OIL INDEX EXCESS RETURN AS THE REFERRED INDEX. BUT DUE TO THE UNPRECEDENTED DECLINE IN INTERNATIONAL OIL PRICE IN APRIL, THE FIRM CHANGED THE WTI FUTURE COMPOSITION. BUT, THE PUBLIC INVESTORS ALLEGED THAT THIS UNANNOUNCED CHANGES IN INVESTMENT IS VIOLATION OF THE PROSPECTUS, TRUST AGREEMENTS AND/OR ILLEGAL ACTIVITIES OF THE INVESTMENT COMPANY. THE FIRM FILES THE PROTEST THAT AS AN ASSET MANAGEMENT COMPANY OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF, HAS THE DISCRETION TO CHANGE THE WTI FUTURE COMPOSITION AND MEASURES TAKEN WERE TO PROTECT THE INVESTORS. THE FIRM'S ACTION WAS TO COMPLETE THE FIDUCIARY DUTY AS THE ASSET NANAGEMENT COMPANY OF SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF. THE FIRM ALSO INSIST THAT THE ERROR OF INAV DID NOT RESULTED ANY DAMAGES OF INVESTORS.

Allegations: THE PLAINTIFFS WHO ARE THE INVESTORS OF THE FUND MANAGED BY SAMSUNG ASSET MANAGEMENT CO., LTD FILED A LAWSUIT TO SEEK COMPENSATION FOR THE DAMAGES SUFFERED BY THE INVESTORS AS A RESULT OF A PARTIAL PAYMENT MADE AFTER A REQUEST FOR FULL REDEMPTION. Status: Pending Summary: THE PLAINTIFFS WHO ARE THE INVESTORS OF SAMSUNG SOLUTION BARAK TRADE FINANCE PROFESSIONAL INVESTMENT PRIVATE INVESTMENT TRUST NO. 2 ("FUND") MANAGED BY SAMSUNG ASSET MANAGEMENT CO., LTD FILED A LAWSUIT TO SEEK COMPENSATION FOR THE DAMAGES SUFFERED BY THE INVESTORS AS A RESULT OF A PARTIAL PAYMENT MADE AFTER A REQUEST FOR FULL REDEMPTION. THE PLAINTIFFS CLAIMED THAT THE DEFENDANTS SOLICITED THE INVESTMENTS IN THE FUND BY PROVIDING INACCURATE INFORMATION WHICH RESULTED IN AN INCOMPLETE SALE OF A FINANCIAL INVESTMENT PRODUCT.

Allegations: THE PUBLIC INVESTORS OF A FUND OF SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF ALLEGED THAT THE FIRM'S UNANNOUNCED INVESTMENT DECISION RELATED TO THE CHANGES OF WTI FUTURE COMPOSITION IS A VIOLATION OF PROSPECTUS, TRUST AGREEMENTS OR ILLEGAL ACTIVITIES. AND WTI FUTURE COMPOSITION CHANGE RESULTED THE ERRORS OF INAV(INDICATED NET ASSET VALUE) AND LEAD TO THE DAMAGES TO THE INVESTORS. Status: Pending Summary: SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF INVESTS IN WTI CRUDE OIL FUTURES WHICH IS TRADED IN THE NYMEX MARKET. THIS ETF FOLLOWS S&P GSCI CRUDE OIL INDEX EXCESS RETURN AS THE REFERRED INDEX. BUT DUE TO THE UNPRECEDENTED DECLINE IN INTERNATIONAL OIL PRICE IN APRIL, THE FIRM CHANGED THE WTI FUTURE COMPOSITION. BUT, THE PUBLIC INVESTORS ALLEGED THAT THIS UNANNOUNCED CHANGES IN INVESTMENT IS VIOLATION OF THE PROSPECTUS, TRUST AGREEMENTS AND/OR ILLEGAL ACTIVITIES OF THE INVESTMENT COMPANY. THE FIRM FILES THE PROTEST THAT AS AN ASSET MANAGEMENT COMPANY OF THE SAMSUNG KODEX WTI CRUDE OIL FUTURE ETF, HAS THE DISCRETION TO CHANGE THE WTI FUTURE COMPOSITION AND MEASURES TAKEN WERE TO PROTECT THE INVESTORS. THE FIRM'S ACTION WAS TO COMPLETE THE FIDUCIARY DUTY AS THE ASSET MANAGMENT COMPANY OF SAMSUNG KODEX WTI CRUDE OIL FUTURES ETF. THE FIRM ALSO INSIST THAT THE ERROR OF INAV DID NOT RESULTED ANY DAMAGES OF INVESTORS.

Allegations: THE PRIVATE INVESTOR OF A SAMSUNG A CLUB YIELD PLUS GEN2 QUALIFIED INVESTMENT-TYPE PRIVATE PLACEMENT INVESTMENT NO.3 ALLEDGED THAT THE FIRM HAS VIOLATED THE FIDUCIARY DUTY BY NEGLECTED TO INFORM THE INVESTMENT RISK. Status: Pending Summary: SAMSUNG A CLUB YIELD PLUS GEN2 QUALIFIED INVESTMENT-TYPE PRIVATE PLACEMENT INVESTMENT NO.3 INVESTS IN OFFSHORE FUND;KS KOREA CREDIT FUND -1 IC CLASS H(KRW). THE KS KOREA CREDIT FUND -1 IC CLASS H(KRW) IS MANAGED BY GEN2 PARTNERS ASSET MANAGEMENT LIMITED(GEN2 PARTNERS AM) AND INVESTS IN OFFSHORE CREDIT BOND. ON 3 JULY 2020, THE GEN2 PARTNERS AM ANNOUNCED THE REDEMPTION SUSPENSION DUE TO THE COVID-19 OUTBREAK WHICH CAUSED SIGNIFICANT TURMOIL IN THE GLOBAL FINANCIAL MARKET, ALTHOUGH THE GEN2 PARTNERS AM HAS NO JUSTIFIABLE GROUND TO SUSPEND REDEMPTION OF THE SHARES. AS A RESULT, THE FIRM ALSO HAD TO BE SUSPENDED REDEMPTION OF THE SAMSUNG A CLUB YIELD PLUS GEN2 QUALIFIED INVESTMENT-TYPE PRIVATE PLACEMENT INVESTMENT NO.3. THE CASE IS FILED ON 17 MAY 2021 AND THE FIRM IS CURRENTLY PREPARING THE CASE.

Allegations: THE PLAINTIFF WHO IS A SUB-DISTRIBUTOR OF SAMSUNG A CLUB YIELD PLUS GEN2 QUALIFIED INVESTMENT-TYPE PRIVATE PLACEMENT INVESTMENT TRUST NO. 1 FILED A SUIT FOR REQUEST FOR REDEMPTION AND DAMAGES. Status: Pending Summary: "THE PLAINTIFF IS A SUB-DISTRIBUTOR OF SAMSUNG A CLUB YIELD PLUS GEN2 QUALIFIED INVESTMENT-TYPE PRIVATE PLACEMENT INVESTMENT TRUST NO. 1 (THE ""FUND"") INVESTING IN TOTAL RETURN SWAP OF WHICH UNDERLYING ASSET IS KS KOREA CREDIT FUND -1IC MANAGED BY GEN2 PARTNERS ASSET MANAGEMENT LIMITED (""GEN2 FUND""). THE PLAINTIFF AS THE SUB-DISTRIBUTOR HAS PAID REDEMPTION PROCEEDS TO THE INVESTORS OF THE FUND AND ALL OF THE INVESTORS RIGHTS IN THE FUND HAVE BEEN ASSIGNED TO THE PLAINTIFF. DUE TO THE REASON THAT THE REDEMPTIONS OF THE SHARES IN GEN2 FUN HAVE BEEN SUSPENDED, THE REDEMPTIONS OF THE SHARES IN THE FUND HAVE BEEN SUSPENDED AS WELL. THE PLAINTIFF FILED A SUIT FOR THE PAYMENT OF REDEMPTION PROCEEDS IN ITS CAPACITY OF THE INVESTOR OF THE FUND AND DAMAGES FOR BREACH OF RELEVANT LAWS AND CONTRACT IN ITS CAPACITY OF THE SUB-DISTRIBUTOR OF THE FUND. "

Allegations: THE FSC OF KOREA FOUND THAT SAMSUNG LIFE INSURANCE FAILED TO REPORT TO FSC EMBEZZLEMENT OF INSURANCE PREMIUM BY TWO INSURANCE AGENTS FROM 01/28/2014 THROUGH 04/24/2014. Status: Final Sanction Detail: REQUEST FOR SELF-CORRECTION IS A NOTICE BY WHICH THE FINANCIAL REGULATOR NOTIFIES THE COMPANY OF ILLEGAL OR IMPROPER CONDUCTS OF COMPANY EMPLOYEES AND REQUEST THE COMPANY TO TAKE APPROPRIATE ACTIONS AGAINST EMPLOYEES IN ITS OWN DISCRETION. IT IS SIMILAR TO DEFICIENCY LETTERS OR LETTERS OF CAUTION OR ADMONISHMENT. Summary: FSC FOUND THAT SAMSUNG LIFE INSURANCE FAILED TO REPORT EMBEZZLEMENT BY INSURANCE AGENTS ALTHOUGH SAMSUNG LIFE INSURANCE WAS AWARE THAT TWO INSURANCE AGENTS EMBEZZLED KRW 223.9 MILLION INSURANCE PREMIUM WHICH THEY RECEIVED FROM CUSTOMERS WITHIN THE PAST THREE YEARS. THE INSURANCE BUSINESS ACT ARTICLE 84 AND 86 REQUIRES INSURANCE COMPANIES TO REPORT EMBEZZLEMENT BY INSURANCE AGENTS IF SUCH EMBEZZLEMENT OCCURRED WITHIN THREE YEARS IMMEDIATELLY PRECEDING THE DATE OF DISCOVERY OF SUCH EMBEZZLEMENT.

Allegations: FINANCIAL SUPERVISORY SERVICE ALLEGED THAT SAMSUNG LIFE INSURANCE IMPROPERLY USED PERSONAL INFORMATION OF CUSTOMERS WHOSE INSURANCE POLICIES WERE ALREADY TERMINATED Status: Final Sanction Detail: FINANCIAL SUPERVISORY SERVICE ISSUED A WARNING AGAINST SAMSUNG LIFE INSURANCE AND REPRIMAND AND WARNING AGAINST 2 EXECUTIVES Summary: THE FINANCIAL SUPERVISORY SERVICE ISSUED A NOTICE OF ITS DECISION, FINDING SAMSUNG LIFE INSURANCE LIABLE FOR THE ALLEGATION LISTED IN OUR ANSWER TO QUESTION 7. AS A RESULT, FINANCIAL SERVICE ISSUED A WARNING.

Allegations: FINANCIAL SUPERVISORY SERVICE ALLEGED THAT SAMSUNG LIFE INSURANCE FAILED TO (1) PAY INSURANCE WHEN POLICY HOLDERS DIED BY SUICIDE TWO (2) OR MORE YEARS AFTER THE POLICY HOLDERS PURCHASED LIFE INSURANCE, AND (2) TO PROPERLY PROVIDE EXPLANATION WHY THE COMPANY REFUSED TO PAY INSURANCE WHEN CUSTOMERS DIED BY SUICIDE. Status: Final Sanction Detail: FINANCIAL SUPERVISORY SERVICE IMPOSED A FINE OF KRW 894,000,000 (APPROXIMATELY USD 834,000) ON AND ISSUED A WARNING AGAINST SAMSUNG LIFE INSURANCE AND ISSUED REDUCTION OF SALARY, REPRIMAND, AND WARNING AGAINST 7 INCUMBENT EXECUTIVES AND EMPLOYEES AND 6 FORMER EXECUTIVES AND EMPLOYEES. Summary: THE FINANCIAL SUPERVISORY SERVICE ISSUED A NOTICE OF ITS DECISION FINDING SAMSUNG LIFE INSURANCE LIABLE FOR THE ALLEGATION LISTED IN OUR ANSWER TO QUESTION 7. AS A RESULT, FINANCIAL SERVICE IMPOSED A FINE OF KRW 894,000,000 (APPROXIMATELY USD 834,000) ON SAMSUNG LIFE INSURANCE.

Allegations: FINANCIAL SUPERVISORY SERVICE ALLEGED THAT SAMSUNG LIFE INSURANCE (1) FAILED TO PAY ACCURATE AMOUNT INTEREST, (2) IMPROPERLY TERMINATED INSURANCE POLICY WHEN THERE WERE NO BREACH OF A DUTY OF NOTIFICATION, AND (3) IMPROPERLY REFUSED REQUESTS TO CANCEL ADDITIONAL INSURANCE COVERAGE Status: Final Sanction Detail: FINANCIAL SUPERVISORY SERVICE IMPOSED A FINE OF KRW 7,365,000,000 (APPROXIMATELY USD 6,874,000) ON SAMSUNG LIFE INSURANCE AND ISSUED REPRIMAND, WARNING AND NOTIFICATION OF WRONGDOING AGAINST 5 INCUMBENT AND FORMER EXECUTIVES Summary: THE FINANCIAL SUPERVISORY SERVICE ISSUED A NOTICE OF ITS DECISION, FINDING SAMSUNG LIFE INSURANCE LIABLE FOR THE ALLEGATION LISTED IN OUR ANSWER TO QUESTION 7. AS A RESULT, FINANCIAL SERVICE IMPOSED A FINE OF KRW 7,365,000,000 (APPROXIMATELY USD 6,874,000) ON SAMSUNG LIFE INSURANCE

Allegations: DUE TO INSUFFICIENT PRE-DEPLOYMENT TESTING OF THE NEW IT SYSTEM, SAMSUNG LIFE INSURANCE MADE THE PAYMENT OF INSURANCE BENEFITS FOR 1-23 DAYS LATE, MADE THE PAYMENT OF INSURANCE AGENT FEES FOR 3-14 DAYS LATE, OVERCHARGED INSURANCE PREMIUM IN TOTAL OF 290,000 KOREAN WON, FAILED TO REVOKE CANCELLATION OF INSURANCE ALTHOUGH INSURERS PAID INSURANCE PREMIUM, AND CAUSED 73 INSURANCE CONTRACTS TO BE NULLIFIED. Status: Final Sanction Detail: FINANCIAL SUPERVISORY SERVICE IMPOSED A FINE OF KRW 30,000,000 ON SAMSUNG LIFE INSURANCE AND ISSUED WARNINGS AGAINST ONE EXECUTIVE. Summary: ON 11/27/2018, THE FINANCIAL SUPERVISORY SERVICE ISSUED A NOTICE OF ITS DECISION, FINDING SAMSUNG LIFE INSURANCE LIABLE FOR THE ALLEGATIONS LISTED IN OUR ANSWER TO QUESTION 7. AS A RESULT, FINANCIAL SUPERVISORY SERVICE IMPOSED A FINE OF KRW 30,000,000 ON SAMSUNG LIFE INSURANCE AND ISSUED WARNINGS AGAINST ONE EXECUTIVE.

Allegations: WHEN SAMSUNG LIFE INSURANCE COULD NOT CREATE A REQUEST FOR WIRE TRANSFER OF MONTHLY INSURANCE PREMIUM DUE TO SYSTEM FAILURE AND ATTEMPTED TO CREATE A REQUEST AS OF THE DAY BEFORE, SAMSUNG LIFE INSURANCE USED BANK ACCOUNT NUMBERS AND OTHER PERSONAL INFORMATION OF CUSTOMERS WHOSE INSURANCE CONTRACTS EXPIRED ON THE SAME DAY WITHOUT THOSE CUSTOMERS' CONSENT IN VIOLATION OF CREDIT INFORMATION USE AND PROTECTION ACT. (AFTER SAMSUNG LIFE INSURANCE LEARNED THAT IT RECEIVED INSURANCE PREMIUM FROM CUSTOMERS WHOSE INSURANCE CONTRACTS ALREADY EXPIRED, IT NOTIFIED THEM AND REFUNDED THE PREMIUM WITH INTEREST) Status: Final Sanction Detail: FINANCIAL SUPERVISORY SERVICE ISSUED WARNINGS AGAINST SAMSUNG LIFE INSURANCE, REPRIMAND AGAINST ONE EXECUTIVE, AND WARNING AGAINST ONE EXECUTIVE Summary: ON 2/23/2018, FINANCIAL SUPERVISORY SERVICE ISSUED A NOTICE OF ITS DECISION, FINDING SAMSUNG LIFE INSURANCE LIABLE FOR THE ALLEGATIONS LISTED IN OUR ANSWER TO QUESTION 7. AS A RESULT, FINANCIAL SUPERVISORY SERVICE ISSUED WARNINGS AGAINST SAMSUNG LIFE INSURANCE, REPRIMAND AGAINST ONE EXECUTIVE, AND WARNING AGAINST ONE EXECUTIVE

Allegations: FINANCIAL SUPERVISORY SERVICE ALLEGED THAT SAMSUNG LIFE INSURANCE (1) FAILED ON OBLIGATION TO COMPLY WITH BASIC DOCUMENT (2) FAILED ON OBLIGATION OF PROTECTING POLICYHOLDER BY DELAYED COMPENSATION PAYMENT (3) FAILED TO KEEP CREDIT INFORMATION ACCURATE AND UP-TO-DATE(4) FAILED OBLIGATION TO ENSURE SAFENESS OF ELECTRONIC FINANCIAL TRANSACTION. Status: Final Sanction Detail: FINANCIAL SUPERVISORY SERVICE ALLEGED THAT SAMSUNG LIFE INSURANCE (1) FAILED ON OBLIGATION TO COMPLY WITH BASIC DOCUMENT (2) FAILED ON OBLIGATION OF PROTECTING POLICYHOLDER BY DELAYED COMPENSATION PAYMENT (3) FAILED TO KEEP CREDIT INFORMATION ACCURATE AND UP-TO-DATE(4) FAILED OBLIGATION TO ENSURE SAFENESS OF ELECTRONIC FINANCIAL TRANSACTION. Summary: ON FEB 4, 2022, FINANCIAL SUPERVISORY SERVICE ISSUED A NOTICE OF ITS DECISION, FINDING SAMSUNG LIFE INSURANCE CO., LTD. LIABLE FOR THE ALLEGATIONS LISTED IN OUR ANSWER TO QUESTION 7. AS A RESULT, FINANCIAL SUPERVISORY SERVICEIMPOSED A FINE OF KRW 377,000,000 ON AND ISSUED A WARNING LETTER AGAINST SAMSUNG LIFE INSURANCE CO., LTD..

Allegations: FINANCIAL SERVICES COMMISSION ALLEGED THAT SAMSUNG SECURITIES CO., LTD. FAILED TO COMPLY WITH (1) THE RESTRICTION ON PROVIDING LOANS TO THE OFFICERS OR EMPLOYEES OF ITS AFFILIATES, (2) THE OBLIGATION TO SUBMIT ITS BUSINESS REPORT IN ACCORDANCE WITH THE LAWS, (3) THE RESTRICTION ON UNSOUND ACTIVITIES IN CONNECTION WITH UNDERWRITING OF SECURITIES, (4) THE PROCEDURES IN RELATION TO INVESTMENT ADVERTISEMENTS, (5) THE LIMITATION ON THE AMOUNT OF DISCRETIONARY INVESTMENT ON THE SECURITIES ISSUED BY ITS AFFILIATES Status: Final Sanction Detail: FINANCIAL SERVICES COMMISSION ALLEGED THAT SAMSUNG SECURITIES CO., LTD. FAILED TO COMPLY WITH (1) THE RESTRICTION ON PROVIDING LOANS TO THE OFFICERS OR EMPLOYEES OF ITS AFFILIATES, (2) THE OBLIGATION TO SUBMIT ITS BUSINESS REPORT IN ACCORDANCE WITH THE LAWS, (3) THE RESTRICTION ON UNSOUND ACTIVITIES IN CONNECTION WITH UNDERWRITING OF SECURITIES, (4) THE PROCEDURES IN RELATION TO INVESTMENT ADVERTISEMENTS, (5) THE LIMITATION ON THE AMOUNT OF DISCRETIONARY INVESTMENT ON THE SECURITIES ISSUED BY ITS AFFILIATES, (6) THE RESTRICTION ON TRADING OF FINANCIAL INVESTMENT INSTRUMENTS BY ITS OFFICERS AND EMPLOYEES. Summary: ON OCTOBER 4, 2022, FINANCIAL SERVICES COMMISSION ISSUED A NOTICE OF ITS DECISION, FINDING SAMSUNG SECURITIES CO., LTD. IS LIABLE FOR THE ALLEGATIONS LISTED IN OUR ANSWER TO QUESTION 7. AS A RESULT, A FINE OF KRW 4,507,600,000 HAS BEEN IMPOSED ON SAMSUNG SECURITIES CO., LTD.

Allegations: FINANCIAL SERVICE COMMISSION ALLEGED THAT SAMC, DONGMYUNG YI, AND JAEHYUK SHIN VIOLATED THE REGULATION BANNING COLLECTIVE INVESTMENT FUND MANAGERS FROM PURCHASING SECURITIES UNDERWRITTEN BY AN AFFILIATED UNDERWRITER. Status: Final Sanction Detail: A TOTAL OF KRW 50,000,000 WAS PAID BY SAMC AS A FINE. Summary: FINANCIAL SERVICE COMMISSION FOUND THAT SAMC PURCHASED COMMERCIAL PAPERS UNDERWRITTEN BY ITS AFFILIATED UNDERWRITER FOR 13 COLLECTIVE INVESTMENT FUNDS IT MANAGED. ACCORDING, FINANCIAL SUPERVISORY SERVICE FOUND SAMC, DONGMYUNG YI AND JAEHYUK SHIN LIABLE FOR THE ALLEGATION LISTED IN OUR ANSWER TO QUESTION 7.

Allegations: FINANCIAL SERVICES COMMISSION ALLEGED THAT SAMSUNG ASSET MANAGEMENT CO., LTD. FAILED TO IDENTIFY AND ASSESS THE LIKELIHOOD OF CONFLICTS OF INTEREST, AND CONTROL SUCH CONFLICTS PROPERLY BETWEEN THE INVESTORS OF THE ETF MANAGED BY IT AND THE INVESTMENT BROKER, WHICH IS THE BORROWER OF THE SECURITIES OF THE ETF, BY SETTING A FIXED LOAN RATE WITHOUT CONSIDERING MARKET DEMAND AND CIRCUMSTANCES. Status: Final Sanction Detail: ON AUGUST 30, 2023, THE FINANCIAL SERVICES COMMISSION (FSC) ISSUED A NOTICE OF ITS DECISION, FINDING THAT SAMSUNG ASSET MANAGEMENT CO., LTD. IS LIABLE FOR THE ALLEGATIONS LISTED IN OUR ANSWERS TO QUESTION 7. AS A RESULT, FSC ORDERED TO TAKE VOLUNTARY CORRECTIVE MEASURES ON ONE EMPLOYEE OF SAMSUNG ASSET MANAGEMENT COMPANY, LTD. Summary: ON AUGUST 30, 2023, THE FINANCIAL SERVICES COMMISSION (FSC) ISSUED A NOTICE OF ITS DECISION, FINDING THAT SAMSUNG ASSET MANAGEMENT CO., LTD. IS LIABLE FOR THE ALLEGATIONS LISTED IN OUR ANSWERS TO QUESTION 7. AS A RESULT, FSC ORDERED TO TAKE VOLUNTARY CORRECTIVE MEASURES ON ONE EMPLOYEE OF SAMSUNG ASSET MANAGEMENT COMPANY, LTD.

Allegations: FINANCIAL SERVICES COMMISSION ALLEGED THAT SAMSUNG LIFE INSURANCE CO., LTD. FAILED TO NOTIFY THE EMPLOYERS OR ITS REPRESENTATIVE OF THE RESULT OF RESERVE CALCULATION AS PRESCRIBED BY THE ACT ON THE GUARANTEE OF EMPLOYEES' RETIREMENT BENEFITS IN KOREA. Status: Final Sanction Detail: ON MAY 26, 2023, THE FINANCIAL SERVICES COMMISSION (FSC) ISSUED A NOTICE OF ITS DECISION, FINDING THAT SAMSUNG SECURITIES CO., LTD. IS LIABLE FOR THE ALLEGATIONS LISTED IN OUR ANSWERS TO QUESTION 7. AS A RESULT, FSC IMPOSED A FINE OF KRW 37.8MIL, ISSUED A WARNING TO ITS EMPLOYEE, AND ORDERED TO TAKE VOLUNTARY CORRECTIVE MEASURES. Summary: ON MAY 26, 2023, THE FINANCIAL SERVICES COMMISSION (FSC) ISSUED A NOTICE OF ITS DECISION, FINDING THAT SAMSUNG SECURITIES CO., LTD. IS LIABLE FOR THE ALLEGATIONS LISTED IN OUR ANSWERS TO QUESTION 7. AS A RESULT, FSC IMPOSED A FINE OF KRW 37.8MIL, ISSUED A WARNING TO ITS EMPLOYEE, AND ORDERED TO TAKE VOLUNTARY CORRECTIVE MEASURES.

Allegations: "FINANCIAL SERVICES COMMISSION ALLEGED THAT SAMSUNG FIRE AND MARINE CO., LTD. HAS VIOLATED: - PROHIBITED CONDUCTS CONCERNING CONCLUSION OR SOLICITATION OF INSURANCE CONTRACTS - DUTY TO EXPLAIN IMPORTANT MATTERS IN INSURANCE CONTRACTS - OBLIGATIONS TO COMPLY WITH TERMS OF THE BASIC DOCUMENTS OF THE INSURANCE - PRINCIPLES FOR CALCULATING PREMIUM RATES AND OBLIGATION OF MANAGEMENT STANDARDS OF BASIC DOCUMENTS OF THE INSURANCE - DUTY TO ACCUMULATE INSURANCE RESERVE " Status: Final Sanction Detail: ON FEBRUARY 07, 2023, THE FINANCIAL SERVICES COMMISSION (FSC) ISSUED A NOTICE OF ITS DECISION, FINDING THAT SAMSUNG FIRE & MARINE INSURANCE CO. LTD. IS LIABLE FOR THE ALLEGATIONS LISTED IN OUR ANSWERS TO QUESTION 7. AS A RESULT, FSC IMPOSED A FINE OF KRW 965MIL IN AGGREGATE, ISSUED A WARNING LETTER TO SAMSUNG FIRE & MARINE INSURANCE CO. LTD., AND ORDERED TO TAKE VOLUNTARY CORRECTIVE MEASURES. Summary: ON FEBRUARY 07, 2023, THE FINANCIAL SERVICES COMMISSION (FSC) ISSUED A NOTICE OF ITS DECISION, FINDING THAT SAMSUNG FIRE & MARINE INSURANCE CO. LTD. IS LIABLE FOR THE ALLEGATIONS LISTED IN OUR ANSWERS TO QUESTION 7. AS A RESULT, FSC IMPOSED A FINE OF KRW 965MIL IN AGGREGATE, ISSUED A WARNING LETTER TO SAMSUNG FIRE & MARINE INSURANCE CO. LTD., AND ORDERED TO TAKE VOLUNTARY CORRECTIVE MEASURES.