As Chairperson of both this Company and Platinum Asia Investments Limited (PAI), Platinum's other listed investment company, it has become clear that PMC and PAI face many common issues, not least in relation to legal, risk and compliance matters. As such, there are many potential benefits to having a common board of directors across both companies. In recognition of this, the Board has chosen to appoint Mr. Ian Hunter, who is a non-executive director of PAI, to the Company's Board as an independent non-executive director, effective 9 September 2021. Mr. Hunter joins myself, Mr. Richard Morath and Mr. Jim Clegg as the non-executive directors of the Company. Mr. Hunter brings deep knowledge and experience to the Board, having worked in the finance and investment industry since 1975 at several banks, most latterly Bankers Trust Australia. Mr. Hunter has also formerly held a number of directorships of listed companies and is currently a director of Ironbark Capital Limited.