Bill S-211

This report is made pursuant to Bill S-211, An Act to enact the Fighting Against Forced
Labour and Child Labour in Supply Chains Act (the “Act”).

The report outlines the approach and initiatives taken by Valley Major Developments
Limited, Harmony Taylor Developments Limited, and Zorway Limited Partnership (the
“Reporting Entities”) to identify and address the risks of forced labour and child labour
in their business operations and supply chains in the 2023 financial reporting year.

OUR COMMITMENT

The Reporting Entities are committed to preventing and reducing the risk that forced
labour or child labour is used in the production of the goods they produce and sell in
Canada.

STRUCTURE, ACTIVITIES, AND SUPPLY CHAINS

Located in Ontario, the Reporting Entities buy and source real estate land, rezone the
land for residential purposes, and build condominiums on such lands. Each of these
entities are single purpose vehicles formed to undertake the venture of condominium
development.

In connection to the lands sourced in the Greater Toronto, Area, the Reporting Entities
retain consultants to undertake the work that is necessary to rezone the lands for
condominium development. This is followed by the sale of condominium unit and the
construction of the condominiums.

The Reporting Entities do not import any of the goods or materials that are used in the
construction of the condominiums that it sells. In addition, the entities’ suppliers are
primarily domestic companies based in Canada.

STEPS TAKEN IN PRIOR FINANCIAL YEAR

The Reporting Entities maintain general due diligence processes that promote
responsible, ethical, and legal business conduct, including with respect to labour
practices. They intend to explore what specific steps can be taken to prevent and
reduce the risk that forced labour or child labour is used in their activities and supply
chains in subsequent reporting years.

POLICIES AND DUE DILIGENCE PROCESSES

For the previous financial reporting year, the Reporting Entities did not have any
policies or due diligence processes that were specifically related to forced labour or
child labour.

FORCED LABOUR AND CHILD LABOUR RISKS

The Reporting Entities have not yet started the process of working to identify specific risks of forced labour and child labour that may exist in their activities and supply chains. The companies are aware that there may be higher risks associated with certain regions, goods, and industries, and intend to explore options for engaging with the risk identification process in subsequent reporting years.

REMEDIATION MEASURES

The Reporting Entities have not identified any forced labour or child labour in their
activities or supply chains. As such, the companies have not undertaken any
remediation measures.

REMEDIATION OF LOSS OF INCOME

The Reporting Entities have not identified any loss of income to vulnerable families
resulting from measures taken to eliminate the use of forced labour or child labour in
its activities and supply chains. As such, the companies have not undertaken any
income remediation measures.

TRAINING PROVIDED TO EMPLOYEES

To the extent that they have employees, the Reporting Entities provide general training
with respect to safe and legally compliant workplace practices and policies. In
subsequent financial years, the companies intend to assess what child labour and
forced labour specific training may be appropriate for their employees.

ASSESSING EFFECTIVENESS

The Reporting Entities do not currently have specific policies and procedures in place
to assess their effectiveness in reducing or eliminating the risk of child labour or forced
labour in their supply chain. In subsequent financial years, the Reporting Entities intend
to explore the methods they can use to assess their effectiveness in addressing this
issue.

APPROVAL AND ATTESTATION

In accordance with the requirements of the Act, and in particular section 11 thereof, I
attest that I have reviewed the information contained in the report for the entities listed
above.
Based on my knowledge, and having exercised reasonable diligence, I attest that the
information in the report is true, accurate, and complete in all material respects for the
purposes of the Act, for the reporting year listed above.

IN WITNESS WHEREOF the authorized signing officer(s) of Valley Major
Developments Limited, Harmony Taylor Developments Limited, and Zorway Limited
Partnership have executed this report as of the effective date of the signatures set out
below.

I have the authority to bind Valley Major
Developments Limited, Harmony Taylor
Developments Limited, and Zorway Limited
Partnership