On December 28, 2018, Faith, Inc. (4295 JP) disclosed in its Corporate Governance Report that the firm had installed a nomination and compensation committee. RMB Capital has been proposing that Faith take this action for years and welcomes Faith management’s decision to do so. We firmly believe that the standard of corporate governance at Faith will be further elevated by the installment of its nomination and compensation committee. We hope Faith management will take further actions to enhance shareholders’ value of the firm going forward.