CSR Statement

With support and encouragement from Power Corporation of Canada, we have adopted and endorsed the following Corporate Social Responsibility Statement:

We invest in companies that share the same philosophy and commitment to acting responsibly and ethically. In addition to complying with applicable laws and regulations and meeting ethical standards in accordance with Power Corporation’s Code of Business Conduct and Ethics, we strive to:

incorporate environmental, social and governance issues into our investment analysis process and active ownership approach;

support and respect the protection of internationally proclaimed human rights;

minimize our environmental impact with a focus on continuous improvement; and

make a positive contribution in the communities where we are established.

Through our responsible management and active ownership approach, we recognize the importance of both financial and non-financial elements when conducting our analysis of investment opportunities and interacting with Sagard China’s portfolio companies. We will continue to integrate environmental, social and governance consideration in our investment analysis process.

This CSR Statement was approved by the Investment Committee of Sagard China on November 14, 2013.

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