b'CONTENTS| 2022 Annual ProfileManagement Team 2 Presidents Message 4Investment Summary 6Equity Investment Companies 7Operating Companies 12ClearTech Industries Inc. 14Caron Transportation Systems 16Panther Industries Inc. 18CanGas Propane Inc. 20Kreos Aviation Inc. 22Long Lake Insurance24Round Table Management Ltd. 26Adventure Destinations Inc. 28Charitable Donations 30Investment Listings 31PIC GROUP 2022 ANNUAL PROFILE 3'