vote summary report emerging markets may 2019€¦ · shanghai electric group company limited...

May 2019 Emerging Markets Voting Report

Voting report Legal & General Investment Management

No warranty is given and no representation is made regarding the accuracy or completeness of the content of this report, and no liability or responsibility is accepted for the information contained in this report.

Registered Offce: Legal & General Investment Management Limited One Coleman Street London EC2R 5AA

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Authorised and Regulated by the Financial Conduct Authority Copyright© Legal & General Investment Management 2019

Vote Summary Report Date range covered: 05/01/2019 to 05/31/2019

Malaysia Airports Holdings Bhd.

Meeting Date: 05/02/2019 Country: Malaysia

Meeting Type: Annual

Primary Security ID: Y5585D106

Ticker: 5014

Primary ISIN: MYL5014OO005

Proposal Vote

Number Proposal Text Proponent Mgmt Rec Instruction

Ordinary Resolutions

Mgmt

1 Approve Final Dividend Mgmt For For

2 Approve Directors' Fees Mgmt For For

3 Approve Directors' Benefits Mgmt For For

4 Elect Zainun Ali as Director Mgmt For For

5 Elect Siti Zauyah Md Desa as Director Mgmt For For

6 Elect Ramanathan Sathiamutty as Director Mgmt For For

7 Elect Wong Shu Hsien as Director Mgmt For For

8 Elect Mohamad Husin as Director Mgmt For For

9 Elect Azailiza Mohd Ahad as Director Mgmt For For

10 Approve Ernst & Young as Auditors and

Authorize Board to Fix Their Remuneration

Mgmt For Against

Blended Rationale: Auditor fees: A vote against is applied as LGIM does not expect excessive non-audit work to be conducted

by the company's external auditors as this brings into question the independence of their judgement.

Special Resolution Mgmt

1 Adopt New Constitution

Mgmt

For

For

Sime Darby Property Bhd.



Primary Security ID: Y7962J102

Ticker: 5288


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

1 Elect Mohd Daud Bakar as Director Mgmt For For

2 Elect Ahmad Johan Mohammad Raslan as

Director

3 Elect Norazah Mohamed Razali as Director

Mgmt

Mgmt

For

For

For

For


Sime Darby Property Bhd.

Proposal Vote


4

Elect Poh Pai Kong as Director

Mgmt

For

For



7 Approve PricewaterhouseCoopers PLT as

Auditors and Authorize Board to Fix Their

Remuneration

Mgmt For For

8 Approve Ahmad Shah Alhaj Ibni Almarhum

Sultan Salahuddin Abdul Aziz Shah Alhaj to

Continue Office as Independent

Non-Executive Director

Mgmt For For

9 Approve Issuance of Equity or Equity-Linked

Securities without Preemptive Rights

Mgmt For For

10 Approve Implementation of Shareholders'

Mandate for Recurrent Related Party

Transactions

Mgmt For For

Companhia Energetica de Minas Gerais SA

Meeting Date: 05/03/2019 Country: Brazil


Primary Security ID: P2577R110

Ticker: CMIG4

Primary ISIN: BRCMIGACNPR3

Proposal Vote


1

Accept Financial Statements and Statutory

Reports for Fiscal Year Ended Dec. 31, 2018

Mgmt

For

For

2 Approve Allocation of Income Mgmt For For

3 Approve Dividends Mgmt For For

4 Approve Remuneration of Company's

Management and Fiscal Council

Mgmt For Against

Blended Rationale: Remuneration: A vote against is applied due to insufficient disclosure to make an informed decision.

OdontoPrev SA


Meeting Type: Special

Primary Security ID: P7344M104

Ticker: ODPV3

Primary ISIN: BRODPVACNOR4


OdontoPrev SA

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

1 Elect Directors and Board Chairman Mgmt For Against

Blended Rationale: Independence: A vote against is applied as the board is not sufficiently independent which is a critical

element of a board to protect shareholders.Diversity: A vote against is applied as LGIM expects a company to have a diverse

board, including at least one woman. We expect companies to further increase female participation on the board and

leadership positions over time.

2 Approve Board Composition Mgmt For Against

Blended Rationale: Independence: A vote against is applied as the board is not sufficiently independent which is a critical

element of a board to protect shareholders.Diversity: A vote against is applied as LGIM expects a company to have a diverse

board, including at least one woman. We expect companies to further increase female participation on the board and

leadership positions over time.

PT Jasa Marga (Persero) Tbk

Meeting Date: 05/06/2019 Country: Indonesia


Primary Security ID: Y71285103

Ticker: JSMR

Primary ISIN: ID1000108103

Proposal Vote


1


Reports

Mgmt

For

For

2 Accept Annual Report of the Partnership and

Community Development Program (PCDP)

Mgmt For For


4 Appoint Auditors of the Company and the

Partnership and Community Development

Program (PCDP)

Mgmt For For

5 Approve Remuneration and Tantiem of

Directors and Commissioners

Mgmt For For

6 Accept Report on the Use of Proceeds Mgmt For For

7 Amend Corporate Purpose Mgmt For Against

Blended Rationale: A vote AGAINST this resolution is warranted given the lack of information to make an informed voting

decision.

8 Approve Changes in Board of Company Mgmt For Against


decision.


Shanghai Electric Group Company Limited

Meeting Date: 05/06/2019 Country: China



Ticker: 2727

Primary ISIN: CNE100000437

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

EGM BALLOT FOR HOLDERS OF H SHARES Mgmt

1 Approve Change in Use of Proceeds

Mgmt

For

For

2 Adopt Restricted A Shares Incentive Scheme

Mgmt

For

Against

Blended Rationale: A vote AGAINST these resolutions is warranted because the directors eligible to receive restricted shares

under the scheme are involved in the administration of the scheme.

3 Approve Adoption of the Assessment

Management Measures for Implementation of

Restricted A Share Incentive Scheme

Mgmt For Against



4 Approve Grant of Mandate to the Board to

Deal with Matters in Relation to Restricted A

Share Incentive Scheme

Mgmt For Against







Ticker: 2727


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

CLASS MEETING FOR HOLDERS OF H SHARES Mgmt

1 Approve Change in Use of Proceeds

Mgmt

For

For

2 Adopt Restricted A Shares Incentive Scheme

Mgmt

For

Against





Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

3 Approve Adoption of the Assessment

Management Measures for Implementation of

Restricted A Share Incentive Scheme

Mgmt For Against



4 Approve Grant of Mandate to the Board to

Deal with Matters in Relation to Restricted A

Share Incentive Scheme

Mgmt For Against



ABB India Limited

Meeting Date: 05/08/2019 Country: India


Primary Security ID: Y0005K103

Ticker: 500002

Primary ISIN: INE117A01022

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

1 Accept Financial Statements and Statutory

Reports

Mgmt For For

2 Approve Dividend Mgmt For For

3 Reelect Tarak Mehta as Director Mgmt For For

4 Approve Material Related Party Transactions

Mgmt

For

Against

Blended Rationale: Related party transaction: A vote AGAINST this proposal is warranted given that the terms of the proposal

may limit shareholders' rights to review and vote on related-party transactions on a periodic basis, and the company has not

provided sufficient information regarding the basis for determining the maximum value of the proposed transactions.

5 Approve Remuneration of Cost Auditors Mgmt For For

China Southern Airlines Co. Ltd.



Primary Security ID: Y1503W102

Ticker: 1055

Primary ISIN: CNE1000002T6

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

EGM BALLOT FOR HOLDERS OF H SHARES Mgmt


China Southern Airlines Co. Ltd.

Proposal

Number Proposal Text

Vote

Instruction Proponent Mgmt Rec

RESOLUTIONS IN RELATION TO THE

ELECTION OF DIRECTORS

Mgmt

1.01 Elect Ma Xu Lun as Director Mgmt For For

1.02 Elect Han Wen Sheng as Director Mgmt For For


ELECTION OF SUPERVISOR

Mgmt

2.01 Elect Lin Xiao Chun as Supervisor SH For For

SINOPEC Engineering (Group) Co., Ltd.




Ticker: 2386

Primary ISIN: CNE100001NV2

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction


1 Authorize Repurchase of Issued Share Capital

Mgmt

For

For





Ticker: 2386

Primary ISIN: CNE100001NV2

Proposal Vote


ORDINARY RESOLUTIONS

Mgmt

1 Approve Report of the Board Mgmt For For

2 Approve Report of the Supervisory Committee Mgmt For For

3 Approve Audited Financial Statements Mgmt For For

4 Approve Final Dividend Distribution Plan Mgmt For For

5 Approve Interim Profit Distribution Plan Mgmt For For



Proposal


Vote


6 Approve Grant Thornton China (Special

General Partnership) as Domestic Auditor and

Approve Grant Thornton Hong Kong Limited

as International Auditor and Authorize Board

to Fix Their Remuneration

Mgmt For For

7 Approve Business Operation Plan, Investment

Plan and Financial Budget

Mgmt For For

SPECIAL RESOLUTIONS Mgmt

1 Authorize Repurchase of Issued Share Capital Mgmt For For



Mgmt For Against

Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The aggregate share

issuance limit is greater than 10 percent.- The company has not specified the discount limit.

AngloGold Ashanti Ltd.

Meeting Date: 05/09/2019 Country: South Africa


Primary Security ID: S04255196

Ticker: ANG

Primary ISIN: ZAE000043485

Proposal Vote


1

Re-elect Maria Richter as Director

Mgmt

For

For

2.1 Elect Kelvin Dushnisky as Director Mgmt For For

2.2 Elect Alan Ferguson as Director Mgmt For For

2.3 Elect Jochen Tilk as Director Mgmt For For

3.1 Re-elect Rhidwaan Gasant as Member of the

Audit and Risk Committee

Mgmt For For

3.2 Re-elect Rodney Ruston as Member of the

Audit and Risk Committee

Mgmt For For

3.3 Re-elect Maria Richter as Member of the Audit

and Risk Committee

Mgmt For For

3.4 Elect Alan Ferguson as Member of the Audit

and Risk Committee

Mgmt For For

4 Reappoint Ernst & Young Inc as Auditors of

the Company with Ernest Botha as the Lead

Audit Partner

Mgmt For Against

Blended Rationale: Auditor tenure: A vote against is applied as LGIM expects the role of the external auditor to be put to tender

on a regular basis.


AngloGold Ashanti Ltd.

Proposal Vote


5

6.1

Place Authorised but Unissued Shares under

Control of Directors

Approve Remuneration Policy

Mgmt

Mgmt

For

For

For

Against

Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured

over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period

to align with long-term value creation.

6.2 Approve Remuneration Implementation

Report

Mgmt For Against



to align with long-term value creation.A vote AGAINST this item is warranted because the new CEO has been awarded a buyout

package valued at c. USD 5 million in connection with his recruitment, but this was not linked to the value of the awards

foregone at his former employer.

7 Approve Remuneration of Non-executive

Directors

Mgmt For For

8 Authorise Repurchase of Issued Share Capital Mgmt For For

9 Authorise Board to Issue Shares for Cash Mgmt For For

10 Approve Financial Assistance in Terms of

Sections 44 and 45 of the Companies Act

Mgmt For For

11 Authorise Ratification of Approved

Resolutions

Mgmt For For

China Petroleum & Chemical Corp.




Ticker: 386

Primary ISIN: CNE1000002Q2

Proposal Vote


AGM BALLOT FOR HOLDERS OF H SHARES

Mgmt

1 Approve Report of the Board of Directors Mgmt For For

2 Approve Report of the Board of Supervisors Mgmt For For

3 Approve 2018 Financial Reports Mgmt For For

4 Approve 2018 Profit Distribution Plan Mgmt For For

5 Approve Interim Profit Distribution Plan Mgmt For For

6 Approve PricewaterhouseCoopers Zhong Tian

LLP and PricewaterhouseCoopers as External


Remuneration

Mgmt For For


China Petroleum & Chemical Corp.

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

7 Approve Issuance of Debt Financing

Instruments



Mgmt

Mgmt

For

For

For

Against

Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit

is greater than 10 percent.- The company has not specified the discount limit.

9 Amend Articles of Association and Authorize Mgmt For For

Secretary to the Board to Represent Sinopec

Corp. in Handling Relevant Formalities for

Amendments

CSG Holding Co., Ltd.



Primary Security ID: Y1R16V105

Ticker: 200012

Primary ISIN: CNE0000002M3

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

AGM BALLOT FOR HOLDERS OF B SHARES Mgmt

1 Approve Report of the Board of Directors

Mgmt

For

For

2 Approve Report of the Board of Supervisors

Mgmt

For

For

3 Approve Annual Report and Summary

Mgmt

For

For

4 Approve Financial Statements

Mgmt

For

For

5 Approve Profit Distribution

Mgmt

For

For

6 Approve Repurchase and Cancellation of

Performance Shares

7 Approve Repurchase and Cancellation of

Performance Shares that Has Not Reached

the Unlocking Condition

Mgmt

Mgmt

For

For

For

For

Mondi Ltd.



Primary Security ID: S5274K111

Ticker: MND



Mondi Ltd.

Proposal Vote


Common Business: Mondi Limited and Mondi

plc

Mgmt

1 Re-elect Tanya Fratto as Director Mgmt For For

2 Re-elect Stephen Harris as Director Mgmt For For

3 Re-elect Andrew King as Director Mgmt For For

4 Re-elect Peter Oswald as Director Mgmt For For

5 Re-elect Fred Phaswana as Director Mgmt For For

6 Re-elect Dominique Reiniche as Director Mgmt For For

7 Re-elect David Williams as Director Mgmt For For

8 Re-elect Stephen Young as Director Mgmt For For

9 Re-elect Tanya Fratto as Member of the DLC

Audit Committee

Mgmt For For

10 Re-elect Stephen Harris as Member of the

DLC Audit Committee

Mgmt For For

11 Re-elect Stephen Young as Member of the

DLC Audit Committee

Mgmt For For

Mondi Limited Business Mgmt


Reports

Mgmt For For

13 Approve Remuneration Policy Mgmt For For

14 Approve Remuneration Report Mgmt For For

15 Approve Non-executive Directors' Fees Mgmt For For


17 Reappoint PricewaterhouseCoopers Inc as

Auditors

Mgmt For For

18 Authorise the DLC Audit Committee to Fix

Remuneration of Auditors

Mgmt For For

19 Approve Financial Assistance in Terms of

Section 44 and/or 45 of the SA Companies

Act

Mgmt For For

20 Place Authorised but Unissued Ordinary

Shares Under Control of Directors

Mgmt For For

21 Place Authorised but Unissued Special

Converting Shares Under Control of Directors

Mgmt For For




Mondi Ltd.

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

Mondi plc Business

Mgmt


Reports

Mgmt For For

25 Approve Remuneration Report Mgmt For For


27 Reappoint PricewaterhouseCoopers LLP as

Auditors

Mgmt For For

28 Authorise the DLC Audit Committee to Fix

Remuneration of Auditors

Mgmt For For

29 Authorise Issue of Equity Mgmt For For

30 Authorise Issue of Equity without Pre-emptive

Rights

Mgmt For For

31 Authorise Market Purchase of Ordinary Shares Mgmt For For

Special Business: Mondi plc and Mondi

Limited - Simplification Resolutions

Mgmt

32 Approve Matters Relating to the Simplification Mgmt For For

33 Amend Articles of Association of Mondi plc Mgmt For For

34 Approve Cancellation of All Deferred Shares

of Mondi plc

Mgmt For For

35 Amend Memorandum of Incorporation of

Mondi Limited

Mgmt For For

36 Approve Cancellation of All Deferred Shares

of Mondi Limited

Mgmt For For

37 Authorise Issue of Non-Voting Shares to

Mondi plc

Mgmt For For

Special Business: Mondi Limited - Scheme

Resolution

Mgmt

38 Authorise the Entry into and Implementation

of the Scheme of Arrangement

Mgmt For For

Special Business: Mondi plc -

Post-Simplification Resolutions

Mgmt

39 Adopt New Articles of Association Mgmt For For

40 Authorise Issue of Equity without Pre-emptive

Rights

Mgmt For For

41 Authorise Market Purchase of Ordinary Shares Mgmt For For


PT Hanjaya Mandala Sampoerna Tbk



Primary Security ID: Y7121Z146

Ticker: HMSP


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

1 Accept Annual Report and Financial

Statements

Mgmt For For


3 Approve Auditors Mgmt For For

4 Approve Changes in Board of Company

Mgmt

For

For

PT Hanjaya Mandala Sampoerna Tbk



Primary Security ID: Y7121Z146

Ticker: HMSP


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

1 Amend Article 3 of the Articles of Association

in Relation with Main Business Activity

Mgmt For For

Kumba Iron Ore Ltd.



Primary Security ID: S4341C103

Ticker: KIO


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

Ordinary Resolutions Mgmt

1

2.1

Reappoint Deloitte & Touche as Auditors of

the Company with Nita Ranchod as Individual

Designated Auditor

Re-elect Buyelwa Sonjica as Director

Mgmt

Mgmt

For

For

For

For


Kumba Iron Ore Ltd.

Proposal Vote


2.2

Re-elect Nonkululeko Dlamini as Director

Mgmt

For

For

2.3 Re-elect Terence Goodlace as Director Mgmt For For

3.1 Re-elect Sango Ntsaluba as Member of the

Audit Committee

Mgmt For For

3.2 Re-elect Terence Goodlace as Member of the

Audit Committee

Mgmt For For

3.3 Re-elect Mary Bomela as Member of the Audit

Committee

Mgmt For For

4.1 Approve Remuneration Policy Mgmt For For


Report

Mgmt For Against

Blended Rationale: A vote AGAINST this item is warranted: - CEO Themba Mkhwanazi was awarded an additional payment of

ZAR 2,898,000 (USD 199,443) for FY2018 which the Company states includes cash in lieu of dividends, leave encashment, and

a retention bonus payment; and - Themba Mkhwanazi also received a salary increase of c. 15%, for which the Company has

not provided any specific explanation. Taken together with an increase in bonus opportunity (see further Item 4.1), his total

remuneration package is significantly enhanced over the prior reporting period.

5 Place Authorised but Unissued Shares under

Control of Directors

Mgmt For For

6.1 Amend Bonus and Retention Share Plan Mgmt For For

6.2 Amend Performance Share Plan Mgmt For For

7 Approve Changes to the Long-Term Incentive

and Forfeitable Share Awards

Mgmt For For

8 Authorise Ratification of Approved

Resolutions

Mgmt For For

Special Resolutions Mgmt


2.1 Approve Fees of the Chairperson of the Board Mgmt For For

2.2 Approve Fees of the Board Members Mgmt For For

2.3 Approve Fees of the Lead Independent

Director

Mgmt For For

2.4 Approve Fees of the Chairperson of the Audit

Committee

Mgmt For For

2.5 Approve Fees of the Members of the Audit

Committee

Mgmt For For

2.6 Approve Fees of the Chairperson of the Risk

and Opportunities Committee

Mgmt For For

2.7 Approve Fees of the Members of the Risk and

Opportunities Committee

Mgmt For For

2.8 Approve Fees of the Chairperson of the

Social, Ethics and Transformation Committee

Mgmt For For

2.9 Approve Fees of the Members of the Social,

Ethics and Transformation Committee

Mgmt For For


Kumba Iron Ore Ltd.

Proposal Vote


2.10

2.11

2.12

3

4

Approve Fees of the Members of the

Nominations and Governance Committee

Approve Fees of the Chairperson of the

Human Resources and Remuneration

Committee

Approve Fees of the Members of the Human

Resources and Remuneration Committee

Approve Financial Assistance in Terms of

Sections 44 and 45 of the Companies Act

Authorise Repurchase of Issued Share Capital

Mgmt

Mgmt

Mgmt

Mgmt

Mgmt

For

For

For

For

For

For

For

For

For

For

Nedbank Group Ltd.



Primary Security ID: S5518R104

Ticker: NED


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction


Mgmt

1.1 Elect Peter Moyo as Director Mgmt For For

1.2 Re-elect Rob Leith as Director Mgmt For For

2.1 Re-elect Michael Brown as Director Mgmt For For

2.2 Re-elect Brian Dames as Director Mgmt For For

2.3 Re-elect Vassi Naidoo as Director Mgmt For For

2.4 Re-elect Stanley Subramoney as Director Mgmt For For

3.1 Reappoint Deloitte & Touche as Auditors of

the Company with Lito Nunes as the

Designated Registered Auditor

Mgmt For Against

Blended Rationale: Auditor tenure: A vote against is applied as LGIM expects the role of the external auditor to be put to tender

on a regular basis.

3.2 Appoint Ernst & Young Inc as Auditors of the

Company with Farouk Mohideen as the

Designated Registered Auditor

Mgmt For For


Shares under Control of Directors

Mgmt For For

5.1 Approve Remuneration Policy Mgmt For For


Report

Mgmt For For


Nedbank Group Ltd.

Proposal


Vote



1.1 Approve Fees for the Non-executive Chairman Mgmt For For

1.2 Approve Fees for the Lead Independent

Director

Mgmt For For

1.3 Approve Fees for the Nedbank Group Board

Member

Mgmt For For

1.4 Approve Fees for the Group Audit Committee Mgmt For For

1.5 Approve Fees for the Group Credit Committee Mgmt For For

1.6 Approve Fees for the Group Directors' Affairs

Committee

Mgmt For For

1.7 Approve Fees for the Group Information

Technology Committee

Mgmt For For

1.8 Approve Fees for the Group Related Party

Transactions Committee

Mgmt For For

1.9 Approve Fees for the Group Remuneration

Committee

Mgmt For For

1.10 Approve Fees for the Group Risk and Capital

Management Committee

Mgmt For For

1.11 Approve Fees for the Group Transformation,

Social and Ethics Committee

Mgmt For For


3 Approve Financial Assistance to Related and

Inter-related Companies

Mgmt For For

PT Bank Negara Indonesia (Persero) Tbk




Ticker: BBNI


Proposal Vote


1

Approve Financial Statements, Financial

Report of the Partnership and Community

Development Program (PCDP), and Discharge

of Directors and Commissioners

Mgmt

For

For


3 Approve Remuneration of Directors and

Commissioners

Mgmt For For


PT Bank Negara Indonesia (Persero) Tbk

Proposal


Vote




Program (PCDP)

Mgmt

For

Against



5 Approve Updates in the Company's Recovery

Plan

6 Approve Changes in Directors Nomenclature

Mgmt

Mgmt

For

For

For

Against

Blended Rationale: A vote AGAINST these resolutions is warranted given the lack of information to make an informed voting

decision.


Blended Rationale: A vote AGAINST these resolutions is warranted given the lack of information to make an informed voting

decision.

DiGi.com Bhd.



Primary Security ID: Y2070F100

Ticker: 6947


Proposal Vote


1

Elect Yasmin Binti Aladad Khan as Director

Mgmt

For

For

2 Elect Saw Choo Boon as Director Mgmt For For

3 Elect Anne Karin Kvam as Director Mgmt For For




Mgmt For For

6 Approve Saw Choo Boon to Continue Office

as Independent Non-Executive Director

Mgmt For For



Transactions

Mgmt For For

Fuyao Glass Industry Group Co., Ltd.



Primary Security ID: Y2680G100

Ticker: 3606

Primary ISIN: CNE100001TR7


Fuyao Glass Industry Group Co., Ltd.

Proposal Vote


AGM BALLOT FOR THE HOLDERS OF H

SHARES

Mgmt

1 Approve 2018 Work Report of the Board of

Directors

Mgmt For For

2 Approve 2018 Work Report of the Supervisory

Committee

Mgmt For For

3 Approve 2018 Final Financial Statements Mgmt For For


5 Approve 2018 Annual Report and Its

Summary

Mgmt For For


LLP (Special General Partnership) as Domestic

Audit Institution and Internal Control Audit

Institution for 2019 and Their Service Charges

for 2018

Mgmt For For

7 Approve PricewaterhouseCoopers as Overseas

Audit Institution for 2019 and Their Service

Charges for 2018

Mgmt For Against



8 Approve 2018 Work Report of the Mgmt

Independent Non-Executive Directors

For For

9 Approve Maintenance of Liability Insurance Mgmt

for Directors, Supervisors and Senior

Management

For For

10 Amend Articles of Association Mgmt For For

11 Approve Issuance of Medium-term Notes Mgmt For

For

12 Approve Issuance of Ultra Short-term Mgmt

Financing Notes by the Company

For

For

Tenaga Nasional Bhd.



Meeting Type: Annual Ticker: 5347



Tenaga Nasional Bhd.

Proposal Vote


1

Elect Leo Moggie as Director

Mgmt

For

For

2 Elect Juniwati Rahmat Hussin as Director Mgmt For For

3 Elect Gopala Krishnan K.Sundaram as Director Mgmt For Against

Blended Rationale: A vote AGAINST Gopala Krishnan Sundaram (Item 3) and Ai Lin Ong (Item 4) is warranted because they

serve on the audit committee and the company paid excessive non-audit fees to its auditor.

4 Elect Ong Ai Lin as Director Mgmt For Against

Blended Rationale: A vote AGAINST Gopala Krishnan Sundaram (Item 3) and Ai Lin Ong (Item 4) is warranted because they

serve on the audit committee and the company paid excessive non-audit fees to its auditor.

5 Elect Ahmad Badri bin Mohd Zahir as Director Mgmt For For

6 Elect Roslina binti Zainal as Director

Mgmt

For

For

7 Elect Amir Hamzah bin Azizan as Director

Mgmt

For

Against

Blended Rationale: Board mandates: A vote against is applied as LGIM expects a CEO or a non-executive director not to hold

too many external roles to ensure they can undertake their duties effectively.

8 Approve Directors' Fees for the Financial Year

Ended December 31, 2018

Mgmt For For

9 Approve Directors' Fees from January 1, 2019

Until the Next Annual General Meeting

Mgmt For For


11 Approve PricewaterhouseCoopers PLT as


Remuneration

Mgmt For Against



Tianjin Capital Environmental Protection Group Co., Ltd.




Ticker: 1065

Primary ISIN: CNE1000004G9

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

AGM BALLOT FOR HOLDERS OF H SHARES Mgmt

ORDINARY RESOLUTIONS Mgmt


Tianjin Capital Environmental Protection Group Co., Ltd.

Proposal Vote


1

Approve 2018 Annual Report and the

Summary of the Report Announced within the

PRC and Overseas

Mgmt

For

For

2 Approve Working Report of the Board of

Directors for the Year 2018 and Operating

Strategy of the Company for the Year 2019

Mgmt For For

3 Approve Final Financial Accounts for the Year

2018 and Financial Budget for the Year 2019

Mgmt For For

4 Approve 2018 Profit Appropriation Plan Mgmt For For

5 Approve 2018 Working Report of the

Supervisory Committee

Mgmt For For


Independent Directors

Mgmt For For


LLP and PricewaterhouseCoopers as PRC and

International Auditors Respectively and


Mgmt For For

8 Approve Provision of Guarantee on the Loan

of Deqing Chuanghuan Water Co, Ltd

Mgmt For For

SPECIAL RESOLUTION Mgmt

1 Approve Amendments to Articles of

Association

Mgmt For Against

Blended Rationale: Governance Concerns: Party Committee. A vote against is warranted due to concerns regarding the primacy

of the board and the role of the committee.

BBMG Corporation



Primary Security ID: Y076A3105

Ticker: 2009

Primary ISIN: CNE100000F20

Proposal Vote



Mgmt


2 Approve Report of the Supervisory Board Mgmt For For

3 Approve Audited Accounts Mgmt For For

4 Approve Profit Distribution Proposal Mgmt For For


BBMG Corporation

Proposal Vote


5

Appoint Ernst & Young Hua Ming Certified

Public Accountants as Auditor and Authorize

Board to Fix Their Remuneration

Mgmt

For

For

6 Approve Remuneration of Directors Mgmt For For

7 Approve Guarantee Authorization to

Subsidiaries

Mgmt For Against

Blended Rationale: A vote AGAINST this resolution is warranted as the company has failed to disclose pertinent details

regarding this proposal.


Securities without Preemptive Rights for A

Shares and H Shares

Mgmt For Against



9 Approve Qualifying Conditions for Public

Issuance of Corporate Bonds

Mgmt For For

RESOLUTIONS IN RELATION TO PUBLIC

ISSUANCE OF CORPORATE BONDS

Mgmt

10.01 Approve Type of Securities Under this Public

Issuance

Mgmt For For

10.02 Approve Size of the Issuance Mgmt For For

10.03 Approve Par Value and Price of Issuance Mgmt For For

10.04 Approve Term and Types of the Bonds Mgmt For For

10.05 Approve Coupon Rate of the Bonds Mgmt For For

10.06 Approve Method and Target Investors of

Issuance

Mgmt For For

10.07 Approve Use of Proceeds Mgmt For For

10.08 Approve Arrangements of Placement for

Shareholders of the Company

Mgmt For For

10.09 Approve Place of Listing Mgmt For For

10.10 Approve Arrangement of Guarantee Mgmt For For

10.11 Approve Measures for Protection of

Repayment

Mgmt For For

10.12 Approve Validity Period of the Proposal Mgmt For For

11 Authorize the Board to Handle Relevant

Matters in Connection with the Public

Issuance of Corporate Bonds

Mgmt For For

12 Approve Absorption and Merger of a

Wholly-Owned Subsidiary of the Company

Mgmt For For

13 Approve Establishment of the Public Welfare

Foundation

Mgmt For For


Castrol India Limited



Primary Security ID: Y1143S149

Ticker: 500870


Proposal Vote


1


Reports

Mgmt

For

For

2 Confirm Interim Dividend and Declare Final

Dividend

Mgmt For For

3 Reelect Omer Dormen as Director Mgmt For For

4 Reelect Rashmi Joshi as Director Mgmt For For

5 Approve Remuneration of Cost Auditors Mgmt For For

PT Bank Rakyat Indonesia (Persero) Tbk



Primary Security ID: Y0697U112

Ticker: BBRI


Proposal Vote


1

Accept Financial Statements, Statutory

Reports, and Report of the Partnership and

Community Development Program (PCDP)

and Discharge of Directors and

Commissioners

Mgmt

For

For



Commissioners

Mgmt For For



Program (PCDP)

Mgmt For For



decision


PT Barito Pacific Tbk




Ticker: BRPT


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction


Reports

Mgmt For For


3 Approve Auditors Mgmt For For

4 Approve Changes in Board of Company

Mgmt

For

Against


decision.


Commissioners

6 Accept Report on the Use of Proceeds

Mgmt

Mgmt

For

For

For

For

Bengang Steel Plates Co., Ltd.



Primary Security ID: Y0782P101

Ticker: 200761

Primary ISIN: CNE000000RN3

Proposal Vote


AGM BALLOT FOR HOLDERS OF B SHARES

Mgmt



3 Approve Annual Report and Summary Mgmt For For

4 Approve Financial Statements Mgmt For For

5 Approve Profit Distribution Mgmt For For

6 Approve to Appoint Auditor Mgmt For For

7 Approve Investment Framework Plan Mgmt For For

8 Approve Daily Related-party Transactions Mgmt For For


Association

Mgmt For For


Bengang Steel Plates Co., Ltd.

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

10

Amend Rules and Procedures Regarding

General Meetings of Shareholders

Mgmt

For

For

11 Amend Rules and Procedures Regarding

Meetings of Board of Directors

Mgmt For For

12 Approve Provisions for Inventory Valuation,

Bad Debts as well as Available-for-Sale

Financial Assets and Fixed Asset Impairment

Mgmt For For

13 Approve Use of Short-term Idle Funds to

Conduct Entrusted Asset Management

Mgmt For Against

Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary

risks.

ELECT NON-INDEPENDENT DIRECTORS VIA

CUMULATIVE VOTING

Mgmt

14.1 Elect Gao Lie as Non-Independent Director SH For For

14.2 Elect Cao Aimin as Non-Independent Director SH For For

14.3 Elect Shen Qiang as Non-Independent

Director

SH For For

14.4 Elect Huang Xinghua as Non-Independent

Director

SH For For

ELECT INDEPENDENT DIRECTORS VIA

CUMULATIVE VOTING

Mgmt

15.1 Elect Zhong Tianli as Independent Director SH For For

15.2 Elect Zhao Xinan as Independent Director SH For For

15.3 Elect Zhang Suxun as Independent Director SH For For

ELECT SUPERVISORS VIA CUMULATIVE

VOTING

Mgmt

16.1 Elect Han Mei as Supervisor SH For For

16.2 Elect Li Lin as Supervisor SH For For

16.3 Elect Li Xiaowei as Supervisor SH For For

Inner Mongolia Yitai Coal Co., Ltd.




Ticker: 900948

Primary ISIN: CNE000000SK7



Proposal Vote



Mgmt

1 Approve 2018 Financial Reports Mgmt For For

2 Approve 2018 Report of the Board of

Directors

Mgmt For For

3 Approve 2018 Report of the Board of

Supervisors

Mgmt For For

4 Approve 2018 Report of the Independent

Directors

Mgmt For For


6 Approve 2019 Capital Expenditure Mgmt For For

7 Approve Provision of Guarantee for

Subsidiaries

Mgmt For Against

Blended Rationale: A vote AGAINST this resolution is warranted since the company will be taking in a disproportionate amount

of risk relative to its ownership stake without compelling justification.

8 Approve Entrusted Wealth Management Using

Idle Equity Fund

Mgmt For For


ISSUANCE OF GREEN CORPORATE BONDS

Mgmt

9.1 Approve Issue Size of the Green Corporate

Bonds

Mgmt For For

9.2 Approve Issue Methods and Issue Targets Mgmt For For

9.3 Approve Arrangement on Placement to

Shareholders of the Company

Mgmt For For

9.4 Approve Par Value and Issue Price Mgmt For For

9.5 Approve Bond Duration Mgmt For For

9.6 Approve Use of Proceeds Mgmt For For

9.7 Approve Place of Listing Mgmt For For

9.8 Approve Validity of Resolution Mgmt For For

9.9 Approve Lead Underwriter and Trustee

Manager for the Bonds

Mgmt For For

9.10 Approve Measures for Guaranteeing the

Repayment

Mgmt For For

9.11 Approve Authorization of the Board or Its

Authorized Persons for the Issue

Mgmt For For



Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction


Securities without Preemptive Rights for H

Shares

Mgmt For Against

Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The H share issuance

limit is greater than 10 percent.- The company has not specified the discount limit.

11 Amend Articles of Association SH For For

PT Bank Mandiri (Persero) Tbk



Primary Security ID: Y7123S108

Ticker: BMRI


Proposal Vote


1

Approve Financial Statements, Statutory

Reports, Annual Report, Report of the


Program (PCDP), and Discharge of Directors

and Commissioners

Mgmt

For

For


3 Approve Remuneration and Tantiem of

Directors and Commissioners

Mgmt For For



Program (PCDP)

Mgmt For For

5 Approve Changes in Board of Company Mgmt For For

PT Surya Citra Media Tbk



Primary Security ID: Y7148M110

Ticker: SCMA


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

1 Approve Financial Statements, Statutory

Reports, and Discharge of Directors and

Commissioners

Mgmt For For



Proposal Vote




Commissioners

4 Approve Auditors

Mgmt

Mgmt

For

For

For

For

5 Amend Article 3 of the Articles of Association

Mgmt

For

Against

Blended Rationale: A vote AGAINST this resolution is warranted due to lack of information to make an informed voting

decision.




Primary Security ID: Y7148M110

Ticker: SCMA


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction


Securities without Preemptive Rights and

Amend Articles of Association

Mgmt For Against

Blended Rationale: A vote AGAINST this proposal is warranted given that the proposed issuance will facilitate the proposed

acquisitions which do not warrant support.

2 Approve Acquisition of Shares Mgmt For Against

Blended Rationale: M&A: A vote AGAINST this resolution is warranted given the lack of information to make an informed voting

decision.

Red Star Macalline Group Co., Ltd.



Primary Security ID: Y7S99R100

Ticker: 1528

Primary ISIN: CNE100001ZS2

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction


1 Approve 2018 Work Report of the Board of

Directors

Mgmt

For

For


Red Star Macalline Group Co., Ltd.

Proposal Vote


2

Approve 2018 Work Report of the Supervisory

Committee

Mgmt

For

For

3 Approve 2018 Final Account Report Mgmt For For

4 Approve 2019 Financial Budget Report Mgmt For For

5 Approve 2018 Annual Report and Annual

Results

Mgmt For For



8 Approve Remuneration of Supervisors Mgmt For For

9 Approve the Second Phase of the Employee

Stock Ownership Plan

Mgmt For For

10 Approve Measures for Management of the

Second Phase of the Employee Stock

Ownership Plan

Mgmt For For

11 Authorize Board to Handle Matters in Relation

to the Second Phase of the Employee Stock

Ownership Plan

Mgmt For For

12 Approve Implementation Plans of Share Price

Stabilization and Shareholding Increase

Mgmt For For

13 Approve Ernst & Young Hua Ming LLP as

External Auditor and BDO China Shu Lun Pan

Certified Public Accountants LLP as Internal

Control Consultant, and Authorize Board to

Fix Their Remuneration

SH For For

Anhui Expressway Company Limited




Ticker: 995

Primary ISIN: CNE1000001X0

Proposal Vote



Mgmt

1 Approve 2018 Working Report of the Board of

Directors

Mgmt For For


Supervisory Committee

Mgmt For For

3 Approve 2018 Audited Financial Report Mgmt For For

4 Approve 2018 Profit Appropriation Proposal Mgmt For For


Anhui Expressway Company Limited

Proposal Vote


5 Approve Auditors and Authorize Board to Fix

Their Remuneration


Securities without Preemptive Rights for A

Shares and/or H shares

Mgmt

Mgmt

For

For

For

Against

Blended Rationale: Pre-emption rights: A vote AGAINST these resolutions is warranted for the following:- The aggregate share


AviChina Industry & Technology Company Limited



Primary Security ID: Y0485Q109

Ticker: 2357

Primary ISIN: CNE1000001Y8

Proposal Vote


1

Approve 2018 Report of the Board of

Directors

Mgmt

For

For

2 Approve 2018 Report of the Supervisory

Committee

Mgmt For For

3 Approve 2018 Audited Financial Statements Mgmt For For

4 Approve 2018 Profit Distribution Plan and

Distribution of Final Dividend

Mgmt For For

5 Approve ShineWing (HK) CPA Limited and

ShineWing Certified Public Accountant LLP as

International and Domestic Auditors

Respectively and Authorize Board to Fix Their

Remuneration

Mgmt For For

6 Elect Lian Dawei as Director, Authorize Board

to Approve His Service Contract and Authorize

Remuneration Committee to Fix His

Remuneration

Mgmt For For

7 Elect Yan Lingxi as Director, Authorize Board

to Approve His Service Contract and Authorize


Remuneration

Mgmt For For

8 Elect Xu Gang as Director, Authorize Board to

Approve His Service Contract and Authorize


Remuneration

Mgmt For For

9 Other Business by Way of Ordinary Resolution Mgmt For Against

Blended Rationale: Governance Concerns: An against vote is applied as the detail of the resolution is unknown at the time of

voting.


AviChina Industry & Technology Company Limited

Proposal Vote




Securities without Preemptive Rights for H

Shares

Mgmt

For

Against

Blended Rationale: Pre-emption rights: A vote AGAINST these resolutions is warranted for the following:- The aggregate share


12 Authorize Repurchase of Issued H Share

Capital

13 Other Business by Way of Special Resolution

Mgmt

Mgmt

For

For

For

Against

Blended Rationale: Governance Concerns: An against vote is applied as the detail of the resolution is unknown at the time of

voting.

Bank of China Limited



Primary Security ID: Y0698A107

Ticker: 3988

Primary ISIN: CNE1000001Z5

Proposal Vote



Mgmt

1 Approve 2018 Work Report of Board of

Directors

Mgmt For For

2 Approve 2018 Work Report of Board of

Supervisors

Mgmt For For

3 Approve 2018 Annual Financial Report Mgmt For For


5 Approve 2019 Annual Budget for Fixed Assets

Investment

Mgmt For For

6 Approve Ernst & Young Hua Ming LLP as

External Auditor

Mgmt For For

7 Elect Zhang Jiangang as Director Mgmt For For

8 Elect Martin Cheung Kong Liao as Director Mgmt For For

9 Elect Wang Changyun as Director Mgmt For For

10 Elect Angela Chao as Director Mgmt For For

11 Elect Wang Xiquan as Supervisor Mgmt For For

12 Elect Jia Xiangsen as Supervisor Mgmt For For


Bank of China Limited

Proposal Vote


13

Elect Zheng Zhiguang as Supervisor

Mgmt

For

For

14 Approve 2017 Remuneration Distribution Plan

of Directors

Mgmt For For

15 Approve 2017 Remuneration Distribution Plan

of Supervisors

Mgmt For For



Mgmt For Against

Blended Rationale: Pre-emption rights: A vote AGAINST the general share issuance mandate is warranted for the following:-

The share issuance limit exceeds 10 percent.- The company has not specified a discount limit.

17 Approve Issuance of Bonds Mgmt For For

18 Approve Issuance of Write-down Undated

Capital Bonds

Mgmt For For

19 Approve Issuance of Qualified Write-down

Tier 2 Capital Instruments

Mgmt For For

20 Elect Tan Yiwu as Director SH For For

China Longyuan Power Group Corporation Limited



Primary Security ID: Y1501T101

Ticker: 916

Primary ISIN: CNE100000HD4

Proposal Vote


1

Approve 2018 Report of the Board of

Directors

Mgmt

For

For


Board

Mgmt For For

3 Approve 2018 Independent Auditor's Report

and Audited Financial Statements

Mgmt For For

4 Approve 2018 Final Financial Accounts Report Mgmt For For


6 Approve 2019 Financial Budget Plan Mgmt For For


Supervisors

Mgmt For For

8 Approve Baker Tilly China Certified Public

Accountants LLP as PRC Auditor and

Authorize the Audit Committee of the Board

to Fix Their Remuneration

Mgmt For For


China Longyuan Power Group Corporation Limited

Proposal Vote


9 Approve Ernst & Young as International

Auditor and Authorize the Audit Committee of

the Board to Fix Their Remuneration

Mgmt For Against


by the company's external auditors as this will bring into question the independence of their judgement.


11 Approve Grant of General Mandate for

Registration and Issuance of Debt Financing

Instruments in the PRC

Mgmt For For

12 Approve Application for Issuance of Debt

Financing Instruments of Non-Financial

Enterprises in the PRC

Mgmt For For



Mgmt For Against



China National Accord Medicines Corp. Ltd.




Ticker: 200028

Primary ISIN: CNE0000009M8

Proposal Vote



Mgmt



3 Approve Annual Report and Summary Mgmt For For


5 Approve Appointment of Financial Auditor and

Internal Control Auditor

Mgmt For For

6 Approve Provision of Guarantee Mgmt For For

7 Approve Daily Related Party Transaction Mgmt For For

8 Approve Provision of Financial Services Mgmt For Against

Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions

include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-

There are inherent risks associated with the financial services to be provided under this proposal.


China National Accord Medicines Corp. Ltd.

Proposal Vote


9 Approve Financial Leasing Business and

Related Party Transactions

10 Approve Accounts Receivable Factoring

Business and Related Party Transactions

11 Approve Entrusted Loan for Fund Transfer

Mgmt

Mgmt

Mgmt

For

For

For

For

For

Against

Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of this loan

request.

12 Elect Wen Deyong as Supervisor SH For For

Equatorial Energia SA



Primary Security ID: P3773H104

Ticker: EQTL3

Primary ISIN: BREQTLACNOR0

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

1 Authorize Capitalization of Reserves Mgmt For For

2 Approve Capital Increase Re: Share Option

Plan

3 Amend Article 6 to Reflect Changes in Capital

Mgmt

Mgmt

For

For

For

For

4 Consolidate Bylaws Mgmt For For

Great Wall Motor Co., Ltd.




Ticker: 2333


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction


1 Approve Audited Financial Report

Mgmt

For

For

2 Approve Report of the Board

Mgmt

For

For

3 Approve Profit Distribution Proposal

Mgmt

For

For



Proposal Vote


4

Approve Annual Report and Its Summary

Report

Mgmt

For

For

5 Approve Report of the Independent Directors Mgmt For For

6 Approve Report of the Supervisory Committee Mgmt For For

7 Approve Operating Strategies Mgmt For For

8 Approve Deloitte Touche Tohmatsu Certified

Public Accountants LLP as External Auditor

and Authorize Board to Fix Their

Remuneration

Mgmt For For

9 Elect Liu Qian as Supervisor, Authorize Board

to Fix His Remuneration and Enter into the

Service Contract with Him

Mgmt For For

10 Authorize Repurchase of Issued Share Capital Mgmt For For


Association

Mgmt For For





Ticker: 2333


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction


1 Authorize Repurchase of Issued Share Capital

Mgmt

For

For

JSW Steel Ltd.




Ticker: 500228


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction

Postal Ballot Mgmt


JSW Steel Ltd.

Proposal Vote


1 Approve JSWSL Employees Samruddhi Plan

2019 and its Administration through the JSW

Steel Employees Welfare Trust

2 Approve Secondary Acquisition of Equity

Shares by Eligible Employees Under the

JSWSL Employees Samruddhi Plan 2019

3 Approve Provision of Money by the Company

Mgmt

Mgmt

Mgmt

For

For

For

For

For

For

Liberty Holdings Ltd.



Primary Security ID: S44440121

Ticker: LBH


Proposal Vote



Mgmt


Reports for the Year Ended 31 December

2018

Mgmt For For

2.1 Re-elect Monhla Hlahla as Director Mgmt For For

2.2 Re-elect Jacko Maree as Director Mgmt For For

2.3 Re-elect Jim Sutcliffe as Director Mgmt For For

2.4 Re-elect Sim Tshabalala as Director Mgmt For For

2.5 Elect Simon Ridley as Director Mgmt For For

2.6 Elect Thembisa Skweyiya as Director Mgmt For For

2.7 Elect Howard Walker as Director Mgmt For For

3 Reappoint PwC Inc. as Auditors of the

Company

Mgmt For For


Shares under Control of Directors

Mgmt For For


6.1 Re-elect Yunus Suleman as Chairman of the

Group Audit and Actuarial Committee

Mgmt For For

6.2 Re-elect Angus Band as Member of the Group

Audit and Actuarial Committee

Mgmt For For

6.3 Re-elect Tony Cunningham as Member of the


Mgmt For For



Proposal Vote


6.4

6.5

7

Re-elect Nooraya Khan as Member of the


Re-elect Jim Sutcliffe as Member of the Group


Approve Remuneration Policy

Mgmt

Mgmt

Mgmt

For

For

For

For

For

Against




8 Approve Implementation Report Mgmt For Against





1 Authorise Directors to Issue Any Ordinary

Shares of the Company for the

Implementation of Any Share Incentive

Scheme

Mgmt

For

Against

Blended Rationale: A vote AGAINST this item is warranted because:- The number of shares reserved for use in share incentive

schemes is considered excessive.

2.1 Approve Fees for the Chairman of the Board Mgmt For For

2.2 Approve Fees for the Lead Independent

Director

Mgmt For For

2.3 Approve Fees for the Board Member Mgmt For For

2.4 Approve Fees for the International Board

Member, Member of Committees and

Subsidiary Board and Chairman of a

Sub-committee

Mgmt For For

2.5 Approve Fees for the International Board

Member, Member of Committees and

Subsidiary Board and Chairman of a

Committee

Mgmt For For

2.6 Approve Fees for the Chairman of the Group


Mgmt For For

2.7 Approve Fees for the Member of the Group


Mgmt For For


Actuarial Committee

Mgmt For For


Actuarial Committee

Mgmt For For


Risk Committee

Mgmt For For


Risk Committee

Mgmt For For


Remuneration Committee

Mgmt For For



Proposal Vote



Remuneration Committee






Directors' Affairs Committee


IT Committee

2.18 Approve Fees for the Member of the Group IT

Committee

2.19 Approve Fees for the Chairman of the

STANLIB Limited Board

2.20 Approve Fees for the Member of the STANLIB

Limited Board

2.21 Approve Fee Per Ad Hoc Board Meeting

Mgmt

Mgmt

Mgmt

Mgmt

Mgmt

Mgmt

Mgmt

Mgmt

Mgmt

For

For

For

For

For

For

For

For

For

For

For

For

For

For

For

For

For

For

2.22

3.1

3.2

4

Approve Fee Per Ad Hoc Board Committee

Meeting

Approve Financial Assistance to Related or

Inter-related Company

Approve Financial Assistance to Any

Employee, Director, Prescribed Officer or

Other Person or Any Trust Established for

their Benefit in Terms of Any Share Incentive

Scheme

Authorise Repurchase of Issued Share Capital

Mgmt

Mgmt

Mgmt

Mgmt

For

For

For

For

For

For

For

For

PPB Group Berhad




Ticker: 4065


Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction


2 Approve Directors' Fees

Mgmt

For

For

3 Approve Directors' Benefits

Mgmt

For

For

4 Elect Ahmad Sufian @ Qurnain bin Abdul

Rashid as Director

Mgmt

For

For


PPB Group Berhad

Proposal Vote


5

Elect Tam Chiew Lin as Director

Mgmt

For

For



Mgmt For For

7 Approve Ahmad Sufian @ Qurnain bin Abdul

Rashid to Continue Office as Independent

Non-Executive Director

Mgmt For For



Mgmt For For



Transactions

Mgmt For For

10 Authorize Share Repurchase Program Mgmt For For

11 Adopt New Constitution Mgmt For For

Qingdao Port International Co. Ltd.



Primary Security ID: Y7S64R101

Ticker: 6198

Primary ISIN: CNE100001SG2

Proposal

Number

Proposal Text

Proponent

Mgmt Rec

Vote

Instruction



Mgmt For Against

Blended Rationale: Pre-emption rights: A vote AGAINST the general share issuance mandate is warranted for the following:-

The share issuance limit exceeds 10 percent.- The company has not specified a discount limit.

2 Approve Issuance of Debt Financing

Instruments

Mgmt For For

3 Approve 2018 Annual Report Mgmt For For

4 Approve 2018 Work Report of the Board Mgmt For For


Committee

Mgmt For For


7 Approve Remuneration of Supervisors Mgmt For For

8 Approve 2018 Audited Financial Statements Mgmt For For

9 Approve Profit Distribution Plan Mgmt For For

10 Approve Appointment of Auditor Mgmt For For



Proposal Vote


11 Approve Proposed Annual Caps of the Deposit

Services Under the 2016 Financial Services

Agreement I

Mgmt For Against

Blended Rationale: Related party transaction: A vote AGAINST these proposals is warranted because the proposed related-party

transactions are financial service agreements with the group finance company, which may expose the company to unnecessary

risks.

12 Approve 2020 Financial Services Agreement I,

Proposed Annual Caps and Related

Transactions

Mgmt For Against



risks.

13 Approve Proposed Annual Caps of the Credit

Services Under the 2016 Financial Services

Agreement II

Mgmt For Against



risks.

14 Approve 2020 Financial Services Agreement

II, Proposed Annual Caps and Related

Transactions

Mgmt For Against



risks.

15 Approve Related Party Transactions Between

Qingdao Finance and Relevant Related Parties

Mgmt For Against

Blended Rationale: Related party transaction: A vote AGAINST the proposals under Items 15 and 16 is warranted because the

proposed related-party transactions are financial service agreements with the group finance company, which may expose the

company to unnecessary risks.

16 Approve Related Party Transactions Between

Qingdao Finance and Each of Qingdao Orient

and Qingdao Lianhai

Mgmt For Against

Blended Rationale: Related party transaction: A vote AGAINST the proposals under Items 15 and 16 is warranted because the

proposed related-party transactions are financial service agreements with the group finance company, which may expose the

company to unnecessary risks.

17 Approve QDP Financial Services Agreement,

Proposed Annual Caps and Related

Transactions

Mgmt For Against



risks.

18 Approve Related Party Transaction Between

the Company and QDP

Mgmt For For

19 Approve Proposed Annual Caps of the of the

Continuing Connected Transactions Under the

2017 COSCO SHIPPING Goods and Services

Agreement I

Mgmt For For



Proposal Vote


20

Approve 2020 COSCO SHIPPING Goods and

Services Agreement, Proposed Annual Caps

and Related Transactions

Mgmt

For

For

ELECT FIVE DIRECTORS BY WAY OF

CUMULATIVE VOTING

Mgmt

21a Elect Li Fengli as Director, Authorize Jiao

Guangjun to Enter Into a Service Contract

with Him and Fix His Remuneration

Mgmt For For

21b Elect Jiao Guangjun as Director, Authorize the

Chairman to Enter Into a Service Contract


Mgmt For For

21c Elect Zhang Wei as Director, Authorize the



Mgmt For Against

Blended Rationale: A vote AGAINST the election of Zhang Wei is warranted given that he attended less than 75 percent of

board meetings held in the most recent fiscal year, without a satisfactory explanation.

21d Elect Zhang Jiangnan as Director, Authorize

the Chairman to Enter Into a Service Contract


Mgmt For For

21e Elect Jiang Chunfeng as Director, Authorize


with Her and Fix Her Remuneration

Mgmt For For

ELECT THREE INDEPENDENT DIRECTORS BY

WAY OF CUMULATIVE VOTING

Mgmt

22a Elect Li Yan as Director, Authorize the


with Her and Fix Her Remuneration

Mgmt For For

22b Elect Jiang Min as Director, Authorize the



Mgmt For For

22c Elect Lai Kwok Ho as Director, Authorize the



Mgmt For For

ELECT FOUR SUPERVISORS BY WAY OF

CUMULATIVE VOTING

Mgmt

23a Elect Zhang Qingcai as Supervisor, Authorize



Mgmt For For

23b Elect Li Wucheng as Supervisor, Authorize the



Mgmt For For

23c Elect Wang Yaping as Supervisor, Authorize



Mgmt For For

23d Elect Yang Qiulin as Supervisor, Authorize the



Mgmt For For


Shanghai Huayi Group Corp. Ltd.



Primary Security ID: Y2105F109

Ticker: 900909

Primary ISIN: CNE0000004L1

Proposal Vote



Mgmt



3 Approve Report of the Independent Directors Mgmt For For

4 Approve Annual Report Mgmt For For

5 Approve Financial Statements Mgmt For For

6 Approve Daily Related-party Transactions Mgmt For Against

Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions

include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-

There are inherent risks associated with the financial services to be provided under this proposal.

7 Approve External Guarantee Provision Mgmt For Against

Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of this loan

guarantee request.


9 Approve Bond Issuance of Overseas

Controlled Subsidiaries and Its Relevant

Guarantee Provision

Mgmt For For

10 Approve Appointment of Auditor and Payment

of Remuneration

Mgmt For For

11 Approve 2018 and 2019 Remuneration of

Directors, Supervisors and Senior

Management Members

Mgmt For For

12 Approve Joint Capital Injection Plan with

Related Parties

Mgmt For For

13 Approve Investment in Propylene and

Downstream Processing Projects

Mgmt For For

Yantai ChangYu Pioneer Wine Co., Ltd.



Primary Security ID: Y9739T108

Ticker: 200869

Primary ISIN: CNE000000T59


Yantai ChangYu Pioneer Wine Co., Ltd.

Proposal Vote



Mgmt



3 Approve Annual Report Mgmt For For


5 Amend Trademark License Contract Mgmt For For

ELECT NON-INDEPENDENT DIR

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