We need to address the following issues with regard to the recent investment of our town councils funds into toxic instruments:

1. More transparency needed from all town councils on the investible profit/loss statement all these years other than those listed in the annual financial statement. We prefer a clearer detailed reporting.

2. More say from the fee-paying residents on whether they want to limit the current investible amount of our sinking funds into risky investment from the current 35\%. We are clearly uncomfortable with the investment into risky instruments however small it is.

3. More consultation on how our huge sinking funds accumulated can be put to better use. We will prefer a more consultative approach on how our estates are managed.

Above all, we want to be better engaged as residents so that we can participate fully on how our estates can be better improved.

Thank you.