HKANC 2021 - 2022 Scholarship Winners HKANC Scholarship Foundation is extremely proud to introduce you to the HKANC Scholarship Award (2021-2022) recipients! Congratulations, Suzanne Chan, Scarlett Chang, Dorcas Cheung, Calvin Chiu, and Lok Yi Ho! We wish you all continued success throughout your college and future career! We’re delighted to share that we have awarded up to $15,000 in scholarships to five outstanding students listed above. All applications were reviewed thoroughly by HKANC Scholarship Foundation Committee members, Ms. Kory Lam, Mr. Wilson Lau, Ms. Harriet Leung, Ms. Anne Mak, and Mr. Garry Wong. All Student winners were selected based upon their community involvements, academic achievement, financial need, and other eligibility requirements. “HKANC Scholarship Scholarship program has reformed in 2021, and we decided to extend our scholarship awards to more qualified students in Northern California and manage the scholarship from initial stages to selection process directly. With such changes and efforts, the scholarship committee is overjoyed to receive more qualified applications. We are very impressed by our scholars’ achievements and compelled to offer these award to them. We strongly believe that the young generation can make a huge difference. ” says Kory Lam, Chair, HKANC Scholarship Foundation. Award Presentation The HKANC Scholarship Awards were presented to selected scholars by HKANC Scholarship Foundation Committee, Ms. Kory Lam, and Mr. Garry Wong, on June 23. We are pleased to meet everyone and learn more about their academic goals and achievements. Special thanks to East West Bank for providing such a wonderful venue to host the ceremony. The Scholarship Program will open for the second round of applications closer to the Fall. Stay tuned for more information. Learn more about HKANC Scholarship Foundation, visit www.hkanc.com/scholarship-foundation. Make A Difference, Donate to Our Future! Visit https://www.hkanc.com/scholarshipdonation About HKANC Scholarship Foundation In 2001, The Hong Kong Association of Northern California (HKANC) initiated a Scholarship fund designed to provide scholarships to undergraduate university students of high academic distinction. This is based on the belief that investing in today’s youth will help to ensure that students strive to achieve their goals and to develop into leaders of tomorrow. As of to date, more than $380,000 in scholarship funds have been donated to the University of California, Berkeley, and San Francisco State University. The HKANC believes scholarships are a core investment for the future, providing the opportunity of a lifetime to talented young scholars, many of whom will make vital contributions to our society later in life. The HKANC Scholarship Foundation established in 2017 is a 501(c)3 nonprofit organization (TIN: 82-1256009). Your tax-deductible contribution qualifies as a charitable donation under Federal and California state tax laws.

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This week, HKANC has launched its first webinar in 2021 titled: SBA 101: Leverage to Success, sponsored by East West Bank. We are delighted to have the presence of our guest speakers, Bronia Leung, Regional Sales Manager of SBA Lending Department in East West Bank, and Oliver Ko, CPA, Managing Partner of Fong, Ko & Associates, LLP to kick-start 2021 by sharing their expert knowledge on how small business owners expand and grow their businesses from the banking and taxation perspective. In this webinar, we covered the following topics: How SBA loan programs meet your business needs and grow your business in different ways, e.g., business purchasing, refinancing, and improvements. SBA related accounting and tax solutions. Coivd-19 related tax law updates Panel Discussion - Bronia Leung In this session, Bronia Leung, SBA loan specialist from East West Bank covered some fundamental concepts of SBA loan programs, she furthered explained how small business owner can benefit from these programs, and how they can apply for them. Panel Discussion - Oliver Ko In this session, Oliver talked about several tax updates related to the covid-19 pandemic, including the C.A.R.E.S. acts and its relief options. We hope our members and friends find this webinar useful. You are more than welcome to connect with our speakers, see their contact information below, Bronia Leung Bronia Leung FVP-SBA Regional Sales Manager Small Bus Lending Dept. Main: 415.315.2705 Bronia.Leung@EastWestBank.com Oliver L. Ko, CPA Managing Partner Fong, Ko & Associates, LLP CPAs Tel: 650-286-9966

Dear HKANC Directors, Members and Friends, First of all, I want to thank you for this opportunity to serve as chair of the HKANC Board. It reminded me of the first HKANC event that I joined when I was only a student member back in 2003. I think we can be proud of how Hong Kong Association and its members, in particular, have come together to support each other and our communities during these years. It has been a challenging year for many of us. In 2020, HKANC has made some positive impacts. We had an extraordinary Annual Gala on February 29, 2020, which promoted Hong Kong cultures and spirits to our guests. After the shelter-in-place took effect in late March, we switched all in-person networking events to virtual events. We have organized over ten webinars and two virtual mixers. We utilized different social media platforms so that the general public can easily access our online resources anywhere. One of our events was to promote Hong Kong businesses to Northern America. I would not say these events are perfect, however, we are all learning something new every day. More importantly, adding more value to our community members. In 2021, HKANC will continue to serve as a platform to help our members come together, I strongly believe we can make a stronger connection with each other. We will create more webinars to help businesses recover from the pandemic. Also, providing more networking events within our association and other chapters in the US and Hong Kong. If the situation allows, we will have the annual fundraising gala, golf tournament, and in-person events back as well. As for the HKANC Scholarship Foundation, even though we couldn't organize the golf fundraising event, we will not stop giving out the scholarship. We will continue to do more. In 2021, we will reform the scholarship to meet more students' financial needs with our knowledgeable foundation Committee's help. It is never too late to donate to our foundation at any time. Looking ahead, I would like to offer my sincere thanks to all of our members for your support throughout this particularly challenging year. Your support to the Hong Kong Association community is crucial. By working together, we can share knowledge and resources. For the time being, please follow our social media, newsletters regarding our upcoming events. In these very unusual times, I have not had the opportunity to meet with many fellow members in person. But I hope this will change very soon, and I look forward to seeing many of you in person as we embark on the road to recovery in 2021. I wish you and your family a wonderful new year ahead. Best Regards, Kory Lam Chairwoman Hong Kong Association of Northern California

Dear HKANC Directors, Members and Friends, As my term comes to an end, I hope this year end message finds you and your loved ones all in good health. 2020 has been a very tumultuous year as every aspect of our lives has been impacted by the COVID-19 pandemic. HKANC was no exception as the pandemic has also brought many challenges and changes to how we operate. This past March, HKANC moved to an entirely virtual set up so that we could continue our networking events without interruption. Since the start of COVID-19 restrictions, we have hosted 10+ webinars - serving many hundreds of participants throughout California. Virtual events have been working successfully for the past nine months and will likely continue well into 2021. Although we miss the opportunity to see our friends and members in person, we will continue our virtual networking events as long as it is necessary. Despite the turmoil, we’re very thankful to be able to host our annual gala at Ritz Carlton San Francisco on Feb 29. 2021 will likely be another year full of challenges but also opportunities to grow and learn. Our sincerest hopes are that as the vaccines become more readily available and more people get vaccinated, life will start returning to normal. It is more important than ever to continue our work delivering service to our community. Last but not least, I am once again thankful for the strength, intelligence, and willingness of our Board to do whatever is necessary to keep our association running. It’s been my great pleasure to work with this group for the last three years, and I look forward to the day when we can once again gather in person. I wish you all a joyous holiday season and a prosperous New Year. Best Regards, Wilson Lau Chairman Hong Kong Association of Northern California

This Member Spotlight offers an opportunity for members to share their institutions' insights and best practices with other members, highlighting how they are making a difference in the community and how they have benefited from the HKANC membership. This week, we are delighted to have Kory Lam, newly elected chairwoman of HKANC to share her profession with us. Learn more about Kory and how she became involved with the association below. Introduce yourself to our members. Tell us who you are. My name is Kory Lam, Cluster Branch Manager in San Francisco. My responsibilities include managing resources and staff, developing and attaining sale goals, delivering exceptional customer service, provide coaching to my team and helping them develop their skills. I began my career with HSBC in 2005 and held various positions throughout my career with HSBC Bank. Upon finishing the secondary school in Hong Kong, I continued my educational training in the United States. I graduated with a B.S. Degree from San Francisco State University, followed by a M.S. Degree from Golden Gate University and hold Series 6, 63 and health/ life Insurance licenses. Currently, I’m pursuing the Master Certificate of Behavioral Industrial Psychology from Golden Gate University. I serve as the chair on the Hong Kong Association of Northern California, Board of Director of APA Family Support Service and Co-Chair of N.CA APIC within HSBC. What does HSBC do? HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfill their hopes and realize their ambitions. Why are you interested in joining HKANC? I joined HKANC back in 2003 as student member. Hong Kong and San Francisco are my homes. I always want to do something good in both cities. I was inspired by all the board of directors who have the passion to fostering closer economic, cultural and academic ties between Hong Kong and Northern California. I really want to be part of it. In addition, I have a great opportunity in HKANC to expend my network, create more new business opportunities and have positive impact in my career. What do you want to say to our members? 2020 is a very challenging year for all of us. However, we must get ready towards recovery to ensure that 2021 is a year of growth and prosperity. Please come and join HKANC and start taking advantage of even more great membership benefits and opportunities to grow your businesses and expand your network. I want to invite you to join this awesome journey with us. Interested to connect with Kory? Contact her below. Kory Lam VP & Cluster Branch Manager HSBC BANK (USA), N.A.