US Executive Order 14032

Reference is made to Executive Order 14032 (also known as EO 13959, as Amended), as published on June 3, 2021 (the “Executive Order”) prohibiting transactions by United States persons in publicly traded securities of certain Chinese companies (referred to in the Executive Order as “Communist Military-Industrial Companies”), as identified in the Executive Order itself and any updated guidance, amendments and annexes published by the U.S. Department of the Treasury’s Office of Foreign Asset Controls (“OFAC”) (collectively, the “Sanctioned Securities”).

State Street Global Advisors, on behalf of ourselves and our affiliates (“SSGA”) and with respect to the US-domiciled and non-US-domiciled investment funds and pools that we manage, including ETFs (the “SSGA Funds”), hereby attests to and confirms, to the best of our knowledge and belief after reasonable inquiry, that any transaction or activity that the SSGA Funds undertake is, and on and after August 2, 2021 will be, legally permitted under the Executive Order.

Furthermore, with respect to the SSGA Funds and investment accounts we manage that track an index, we intend to continue to manage such SSGA Funds and accounts to track such index, as such index may have been revised by the index providers to be compliant with the Executive Order’s requirements. Without limiting the foregoing, where required to comply with the Executive Order, SSGA will divest or will seek to divest the SSGA Funds, other than the Tracker Fund of Hong Kong (TraHK) and certain client accounts managed in Hong Kong, of Sanctioned Securities in accordance with the requirements of and the deadlines established by the Executive Order and published OFAC guidance.