#1Living on the "EDGE" Gorilla Technology Group Global SPAC Partners Nasdaq: GLSPT June 2022#2Disclaimers This presentation (the "Presentation") is for informational purposes only to assist interested parties in making an evaluation with respect to a proposed business combination (the "Potential Business Combination") between Global SPAC Partners Co. ("Global") and Gorilla Technology Group Inc. (the "Company" or "Gorilla") and is being furnished solely for use by prospective investors in connection with their consideration of an investment in Global.c This Presentation does not constitute (i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Potential Business Combination or (i) an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security of Global, the Company, or any of their respective affiliates. Specifically, this Presentation shall not constitute a solicitation as defined in Rule 14a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). You should not construe the contents of this Presentation as legal, tax, accounting or investment advice or a recommendation. You should consult your own counsel and tax and financial advisors as to legal and related matters concerning the matters described herein, and, by accepting this Presentation, you confirm that you are not relying upon the information contained herein to make any decision. The distribution of this Presentation may also be restricted by law and persons into whose possession this Presentation comes should inform themselves about and observe any such restrictions. The recipient acknowledges that it is (i) aware that the United States securities laws prohibit any person who has material, non-public information concerning a company from purchasing or selling securities of such company or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities, and (ii) familiar with the Exchange Act and the rules and regulations promulgated thereunder, and that the recipient will neither use, nor cause any third party to use, this Presentation or any information contained herein in contravention of the Exchange Act, including, without limitation, Rule 10b-5 thereunder. None of Global, the Company or any of their respective affiliates, employees or representatives makes any representation or warranty, express or implied, as to the accuracy or completeness of any of the information contained in this Presentation or any other information (whether communicated in written or oral form) transmitted or made available to prospective acquirers or investors and each of such persons expressly disclaims any and all liability relating to or resulting from the use of this Presentation or such other information by a prospective acquirer or investor or any of their affiliates or representatives. Prospective investors are not entitled to rely on the accuracy or completeness of the Presentation and are entitled to rely solely on only those particular representations and warranties, if any, which may be made by Global or the Company to an investor in a subscription agreement, when, as and if executed, and subject to such limitations and restrictions as may be specified therein. Each recipient agrees, and the receipt of this Presentation serves as an acknowledgment thereof, that the subject matter hereof and all of the information contained herein is of a confidential nature and that the recipient will treat such information in a confidential manner and will not, directly or indirectly, disclose or permit its affiliates or representatives to disclose any information regarding its receipt hereof or any information contained herein to any other person or reproduce, disseminate, quote or refer to this Presentation, in whole or in part, without the prior written consent of Global and the Company, and you agree to delete or destroy this Presentation upon Global's or the Company's request. Projections - The financial projections presented in this Presentation represent management's current estimates of future performance based on various assumptions, which may or may not prove to be correct. The Company's independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures with respect to the projections and accordingly they did not express an opinion or provide any other form of assurance with respect thereto. These projections should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying these projections are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risk that could cause actual results to differ materially from those contained in these projections. See "Forward-Looking Statements" below. Accordingly, there can be no assurance that these projections will be realized Further, industry experts may disagree with these assumptions and with management's view of the market and the prospects for the Company. This Presentation does not purport to contain all information which may be material to an acquirer or investor, and recipients of this Presentation should conduct their own independent evaluation and due diligence of the Company. Each recipient agrees, and the receipt of this Presentation serves as an acknowledgment thereof, that if such recipient determines to engage in a transaction with the Company, its determination will be based solely on the terms of the definitive agreement relating to such transaction and on the recipient's own investigation, analysis and assessment of the Company and the Potential Business Combination. Neither Global nor Company intends to update or otherwise revise this Presentation following its distribution and neither Global nor the Company makes any representation or warranty, express or implied, as to the accuracy or completeness of any of the information contained in this Presentation after the date of the Presentation. Unless noted otherwise, all financial figures contained in this Presentation are in U.S. Dollars.#3Disclaimers Use of Data- The data contained herein is derived from various internal and external sources. No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modelling or any other information contained herein. Any data on past performance or modelling contained herein is not an indication as to future performance. Global and the Company assume no obligation to update the information in this Presentation. Further, the financial statements contained herein were prepared by the Company in accordance with private company AICPA standards. The Company is currently in the process of conforming its financials to comply with public company and U.S Securities and Exchange Commission (the "SEC") requirements. Trademarks - Global and the Company own or have rights to various trademarks, service marks and trade names that they use in connection with the operation of their respective businesses. This Presentation may also contain trademarks, service marks, trade names and copyrights of third parties, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade names or products in this Presentation is not intended to, and does not imply, a relationship with Global or the Company, or an endorsement or sponsorship by or of Global or the Company, Solely for convenience, the trademarks, service marks, trade names and copyrights referred to in this Presentation may appear without the TM, SM, or symbols, but such references are not intended to indicate, in any way, that Global or the Company will not assert, to the fullest extent under applicable law, their rights or the right of the applicable licensor to these trademarks, service marks, trade names and copyrights Industry and Market Information - Information contained in this Presentation concerning Gorilla's industry and the markets in which it operates, including Gorilla's general expectations and market position, market opportunity and market size, is based on information from Gorilla's management's estimates and research, as well as from industry and general publications and research, surveys and studies conducted by third parties. In some cases, we may not expressly refer to the sources from which this information is derived Management estimates are derived from industry and general publications and research, surveys and studies conducted by third parties and Gorilla's knowledge of its industry and assumptions based on such information and knowledge, which we believe to be reasonable. In addition, assumptions and estimates of Gorilla's and its industry's future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause Gorilla's future performance and actual market growth, opportunity and size and the like to differ materially from our assumptions and estimates Forward Looking Statements - This Presentation contains, and certain oral statements made by representatives of Global and Gorilla and their respective affiliates, from time to time may contain, "forward-looking statements within the meaning of the "safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Global's and Gorilla's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Global's and Gorilla's expectations with respect to future performance and anticipated financial impacts of the Potential Business Combination contemplated by the definitive Business Combination Agreement, dated as of December 21, 2021 (as may be amended or supplemented from time to time, the "Business Combination Agreement"), the satisfaction of the closing conditions to the Potential Business Combination and the timing of the completion of the Potential Business Combination. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Global or Gorilla and are difficult to predict Factors that may cause such differences include but are not limited to: (1) the inability of the parties to successfully or timely consummate the Potential Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the post-business combination company (the "Combined Entity") or the expected benefits of the Potential Business Combination, if not obtained, (ii) the failure to realize the anticipated benefits of the Potential Business Combination; (iii) matters discovered by the parties as they complete their respective due diligence investigation of the other parties; (iv) the ability of Global prior to the Potential Business Combination, and the Combined Entity following the Potential Business Combination, to maintain the listing of the Combined Entity's shares on Nasdaq: (v) costs related to the Potential Business Combination: (vi) the lack of a third-party fairness opinion in determining whether or not to pursue the Potential Business Combination: (vii) the failure to satisfy the conditions to the consummation of the Potential Business Combination, including the approval of the Business Combination Agreement by the shareholders of Global and the satisfaction of the minimum cash requirements of the Business Combination Agreement following any redemptions by Global's public shareholders; (viii) the risk that the Potential Business Combination may not be completed by the stated deadline and the potential failure to obtain an extension of the stated deadline; (ix) the outcome of any legal proceedings that may be instituted against Global or Gorilla related to the Potential Business Combination; (x) the attraction and retention of qualified directors, officers, employees and key personnel of Global and Gorilla prior to the Potential Business Combination, and the Combined Entity following the Potential Business Combination, (xi) the ability of the Combined Entity to compete effectively in a highly competitive market, (xii) the ability to protect and enhance Gorilla's corporate reputation and brand, (xiii) the impact from future regulatory, judicial, and legislative changes in Gorilla's or the Combined Entity's industry: (xiv) the uncertain effects of the COVID-19 pandemic and geo-political developments, (xv) competition from larger technology companies that have greater resources, technology, relationships and/or expertise, (xvi) future financial performance of the Combined Entity following the Potential Business Combination, including the ability of future revenues to meet projected annual bookings: (xvii) the ability of the Combined Entity to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses, (xviii) the ability of the Combined Entity to generate sufficient revenue from each of its revenue streams; (xix) the ability of the Combined Entity's patents and patent applications to protect the Combined Entity's core technologies from competitors:#4Disclaimers (xx) the Combined Entity's ability to manage a complex set of marketing relationships and realize projected revenues from subscriptions, advertisements, (xxi) product sales and/or services; (xxii) the Combined Entity's ability to execute its business plans and strategy, and (xxiii) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the SEC by Global or Gorilla. The foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Global and Gorilla undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Use of Non-GAAP Financial Measures - This Presentation includes certain non-GAAP financial measures, including EBITDA and adjusted EBITDA, that are not prepared in accordance with accounting principles generally accepted in the United States ("GAAP) and that may be different from non-GAAP financial measures used by other companies. Gorilla and Global believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends of Gorilla. These non-GAAP measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. Forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Important Information for Investors and Shareholders - In connection with the Potential Business Combination, Gorilla has filed with the SEC a Registration Statement on Form F-4, which includes a preliminary proxy statement of Global, and a prospectus of Gorilla in connection with the proposed Potential Business Combination. The definitive proxy statement and other relevant documents will be mailed to Global security holders at the close of business on June 15, 2022 (the "record date") for voting on the Business Combination Agreement and the Potential Business Combination. Investors and security holders of Global and other interested persons are advised to read the preliminary proxy statement, and amendments thereto, and the definitive proxy statement in connection with Global's solicitation of proxies for the extraordinary general meeting of Global shareholders to be held to approve the Business Combination Agreement and the Potential Business Combination because these documents will contain important information about Global, Gorilla, the Business Combination Agreement and the Potential Business Combination. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the Potential Business Combination (when they become available), and any other documents filed by Global with the SEC, may be obtained free of charge at the SEC's website (www.sec.gov) or by writing to Global at: 2093 Philadelphia Pike # 1968, Claymont, DE 19703. Participants in the Solicitation - Global and the Company and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of Global's shareholders in connection with the Potential Business Combination Investors and security holders may obtain more detailed information regarding the names and interests in the Potential Business Combination of Global's directors and officers in Global's filings with the SEC, as well as the Company's Registration Statement, that includes a proxy statement of Global in connection with Global solicitation of proxies for the vote by Global shareholders with respect to the Potential Business Combination and a prospectus of the Company Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Global's shareholders in connection with the Potential Business Combination is set forth in the Registration Statement. Additional information INVESTORS AND SECURITY HOLDERS OF GLOBAL ARE ADVISED TO READ, WHEN AVAILABLE, THE PROXY STATEMENT/PROSPECTUS IN CONNECTION WITH GLOBAL'S SOLICITATION OF PROXIES FOR ITS EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD TO APPROVE THE POTENTIAL BUSINESS COMBINATION BECAUSE THE PROXY STATEMENT/PROSPECTUS WILL CONTAIN IMPORTANT INFORMATION ABOUT THE POTENTIAL BUSINESS COMBINATION AND THE PARTIES THERETO. When available, the definitive proxy statement/prospectus will be mailed to shareholders of Global as of a record date for voting on the Potential Business Combination. Shareholders will also be able to obtain copies of the proxy statement/prospectus, without charge, once available, at the SEC's website at www.sec.gov. NEITHER THE SEC NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE.#5The Transaction#6Transaction Overview (in millions) Gorilla Rollover Equity Escrow Shares (Outstanding & non-cancellable) PIPE Financing (Subunits $10.10) Estimated Cash in Trust (post-closing) Total Sources Sources & Uses Sources of Funds 2022P Revenue 2023P Revenue Uses of Funds Gorilla Rollover Equity Escrow Shares (to Gorilla s/h or PIPE & Public non-redeemers) Estimated Fees & Expenses Net Cash to Balance Sheet Total Uses Pro Forma Revenue Multiples Effective Price per Public Share (Incl Escrow Share distributions) Pro Forma Enterprise Value/2022P Revenue Pro Forma Enterprise Value/2023P Revenue All Escrow Shares to Gorilla s/h PIPE & Public $51.0 $90.0 $65.0 $90.0 $10.19 11.1x 8.0x $5.72 M 14.1x 8.0x $519.7 $142.7 $50.5 $131.9 $844.8 $519.7 $142.7 $16.5 $166.0 $844.8 (in millions, except share price) Share Price (per share) (Assumed Trust Value at Merger Close) Pro Forma Shares Outstanding Total Equity Value Plus: LT Debt Less: Existing Cash & Excess Working Capital Less: Net Cash from Transaction Pro Forma Enterprise Value Pro Forma Valuation PIPE Shares Public IPO Shares SPAC Sponsor & U/W Illustrative Post-Transaction Ownership Primary (w/PIPE Investors) Diluted (from warrants) Escrow Shares 15% 15% 6% 59% Gorilla Shareholders $10.19 87.9 $896.0 12.8 (22.9) (166.0) $720.0 95% 5% Warrant Dilution Assumptions Source of Funds: (i) PIPE financing of subunits (1 common +1/4 warrant) of $50 5m at closing, plus (1) Full net Trust (post extension) assuming no redemptions by Global's existing public shareholders (including non-redemption commitments) Use of Funds Estimated Fees & Expenses includes all costs related to the merger transaction, such as audit, legal & financial fees (including PIPE placement, capital markets advisory & deferred IPO underwriting fees.) Pro Forma Illustrative Ownership: Primary % includes (i) 51 million rollover shares to existing Gorilla shareholders & 14 million into escrow, (ii) 5.0 million shares from PIPE issuance (The PIPE investors shall have the right to reduce its $50.5m subscription amount down to a minimum of $30.3m for any reason whatsoever, at its sole discretion, pursuant to the subscription agreement, as amended), and (ii) existing SPAC 17.95 million shares (16.75 million public IPO less 3.8 million redeemed subunits at extension vote, 4.19 million Founder shares, 0.1 million u/w. 0.7 million IPO PIPE) Diluted % includes exercise of 12.1 million outstanding warrants and 1.25 million warrants issued in PIPE, with a strike price of $11.50 (1) Assumes all Escrow Shares are distributed pro rata to PIPE & public shares (assuming no redemptions at merger closing). For illustration, if only 5 million public shares remain outstanding post-merger, then the effective price per public share would be $4.28.#714 million shares will be placed in ESCROW Escrow Shares - Investor Price Protection & Earn-Out The escrow shares will be distributed via a "Class-A CVR" $14 million x 10x = $140 million value /$10.00 = 14 million shares into Escrow Price protection only to "Cash Investors", both PIPE investors and non-redeeming public shareholders Earn-out to Gorilla shareholders or Cash Investors, and based on actual 2022 & 2023 reported revenues, per a formula. For each 1 escrow share distributed to non-redeeming public shareholders, 1.5 escrow shares will be distributed to PIPE investors via a combination of "Class-A CVR" and "Class-B CVR Prior to 3/31/2023 - Distributions of shares as follows: Price protection - Up to all 14 million shares, to Cash Investors to reduce cost basis to "market price" on certain test dates: "Market Price calculated as the 20 trading day weighted-average price, ending on any of the following o Test dates: (i) End of Q3 & Q4; (ii) Date 2022 annual report filed with SEC; and (iii) any date when the closing price per share is below $5.00 for previous 5 consecutive trading days (but (iii) is only triggered one time). Earn-out - Up to 60% of escrow shares, less those used for price protection, distributed based on actual 2022 revenues filed with the SEC 2022 Rev greater than $65m then distributed only to Gorilla shareholders, if less than $51m then only to Cash Investors, in between is sliding scale For Gorilla shareholders to receive shares, revenues from acquisitions do not count & Gross Profit margin must be greater than or equal to prior year. Prior to 3/31/2024 - Distributions of shares as follows: Price protection - Up to all 40% or remaining, same as 1st price protection, except only test date is date 2023 annual report is filed with the SEC Earn-out - All remaining shares, distributed based on actual 2023 revenues filed with the SEC 2023 Rev greater than or equal $90m then distributed only to Gorilla shareholders, if less than $90m then only to Cash Investors For Gorilla shareholders to receive shares, revenues from acquisitions do count & Gross Profit margin must be greater than or equal prior year.#8Investor Alignment Gorilla Shareholder Lock-Up Gorilla shareholders receiving 94.12% of shares agreed to 1 year lock-up Applies to 65 million shares, of which 14 million shares to be placed into escrow Lock-up for up to 1 year from the date of merger closing. Early release after 6 months post merger closing, as follows: Initial of the shares, if closing price per share is greater than $12.50 (20 of 30 trading days) Additional % of the shares, if closing price per share is greater than $15.00 (20 of 30 trading days) Next 4 of the shares, if closing price per share is greater than $17.50 (20 of 30 trading days) No early release for final 14 of shares#9The Opportunity#10The Transaction Business A Global leader in Edge Al for video intelligence, loT security and edge content management. Advanced platform with flexible deployment via multiple sales channels. Business has proven unit economics and are expected to be EBITDA positive in 2022. Projected path to $402 million revenues and $180m EBITDA by 2026. Key Competitive Advantages . Award Winning technology leader. ~20 years of tech development. Strategic partnerships with Intel, DellEMC & Softbank. World Class reference customers & solutions. Source - Management Estimates * (The PIPE investors shall have the right to reduce its $50.5m subscription amount down to a minimum of $30.3m for any reason whatsoever, at its sole discretion, pursuant to the subscription agreement, as amended. . . Transaction SPAC cash in Trust of $132 million A minimum cash condition to closing of $50 million; satisfied with $50.5 million PIPE* of subunits at $10.10, per subunit. Net proceeds support organic growth to 2024 when business is projected to be cash positive. Additional proceeds will allow company to broaden geographic and horizontal coverage. Valuation Pro forma Enterprise Value of $720 million fully diluted basis (zero additional trust redemptions). Attractive entry multiple for a high growth business of 11.1x projected '22 revenues, representing significant discount to direct public comps and similar SPAC transactions.#11(2) (3) (5) (6) The Edge Opportunity The Market Adoption of digital collaboration Asia-Pacific expected to register the highest CAGR over the forecast period owing to the rising number of loT integrated devices and the advent of 5G in the region. (2) CAGR of 38.4%. (4) Source-Spending Guide by IDC, i-SCOOP Source - Million Insights, PRNewswire Source - Global Edge Computing Market, Grand View Research, VentureBeat Source-Global Edge Computing Market Grand View Research Source-Spending Guide by IDC, Bloomberg Source-Valuates Reports, PRNewswire $61.14 billion by 2028 (3) From a technology perspective, services (including professional and provisioned services) will account for 46.2% of all edge spending in 2024. Hardware follows as the second largest technology category with a 32.2% share of spending, while the remaining 21.6% will go to edge-related software. (1) Worldwide Spending on Edge Computing expected to Reach $250 Billion in 2024. (5) Mobile Edge Computing market CAGR of 28.9% during 2021-2027 (6) IDC predicts that by 2025 there will be 55.7 billion connected devices worldwide, 75% of which will be connected to an loT platform. IDC estimates data. generated from connected loT devices to be 73.1 ZB by 2025, growing from 18.3 ZB in 2019. Most of this data arises from security and video surveillance, but Industrial loT applications will also take a significant portion of this data. The global Edge Al software market size is projected to reach USD 3.4 billion by 2026, from USD 713.4 million in 2019, at a CAGR of 24.8% during the forecast period 2021- 2026. (source: Valuates Reports, 19 May 2021) The global Edge Al hardware market was valued at USD 870.9 million in 2020 and is projected to reach USD 3104.3 million by 2028, growing at a CAGR of 20.46% from 2021 to 2028. (source: Verified Market Research, June 2021) "The future is going to be awesome" - Demand for Edge Al chips to surpass Cloud Al chips by 2025. By 2025, the edge Al chip market will reach USD 12.2 billion in revenue, whereas cloud Al chip revenues will reach $11.9 billion in the same time frame. (source: eeTimes, December 2020)#12Management estimate - Sensors expected by 2021 Sensors 34-36B Sensors expected by 2021 DIGITAL AS A NEW LANGUAGE Devices 19-21B Connected devices expected by 2020 O Location Motion Chemical Light Heat D Sound Connected devices expected by 2020 J - 5G THE NEW CONNECTED "DIGITAL AGE" HAS ARRIVED AND HAS MADE THE PROCESS OF DIGITAL UNLOCKING" AN ABSOLUTE NECESSITY FOR EVERYONE People accessing 4G-LTE networks expected by 2020 -Networks 4.8-5.4B People accessing 4G- LTE networks by 2020 NFC1)) 4G The Global 5G Infrastructure Market size was valued at USD 1179.2 million in 2021 and is expected to reach USD 131.40 billion by 2030, with a growing CAGR of 68.83% from 2021- 2030. (Source - Businesswire) Developers working on private APIs in 2016 APIs 9-10M Developers working on private APIs in 2016 Billing Motion Social Search Marketing Total number of apps installed by 2021 APPS 180-182B Total number of apps expected to be installed by 2021 Touch interfaces Gesture tracking Augmented reality Voice recognition Exabytes of mobile data traffic per month by 2020 Data 31+ Exabytes of mobile data traffic per month by 2020 User data Transaction data Field Data Inventory data Performance data Edge computing represents a potential value of $175 billion- $215 billion in hardware by 2025 1: gik ( Bil. USD Industry Travel, transport and logistics Cross-vertical Retail Media and entertainment Public sector and utilities Global energy and materials 160 120 80 40 % of total edge use cases 0 24% 9% 10% 1% 10% 13% 2025 hardware value¹ -$35B-$438 -$328-$408 -S20B-S28B -$17B-S258 -$16B-S24B -$9B-$17B H: gi Industry Advanced industries Healthcare Infrastructure Chemicals and agriculture Banking and insurance Consumer % of total edge use cases Global Annual CAPEX on Edge 10% 10% 6% 5% 1% 2025 hardware value -$5B-$138 -$5B-$138 Hardware value includes opportunity across the tech stack (.e., the sensor, on-drive firmware, storage, and processor) and for a use case across the value chain (ie, including edge computers at different points of architecture). Source - McKinsey -S4B-$11B -S4B-$118 -$2B-$78 -$1B-$58 Total: $175B-$2158 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Combined IT equipment on the infrastructure edge IT equipment on the device edge Source - Global CAPEX of edge computing devices and infrastructure 2019-2028, Statista#13Competitive Positioning Edge Al Appliances Edge Al Inference Models 5G-Edge Al Smart Solutions Al Life Cycle Ecosystem 5G Network Edge Al Cloud Platform Independence Edge Al Data Analytics SaaS Edge Al Cyber Security Analytics End-to-End, integrated platform service No Competence Sense Time O O O Low Competence Crowd Strike O O O O IBM O Cisco O O O Some Competence C3.ai Palantir Cloudfare ULTNOUS O O O O O O O High Competence ● O O O O Expert Axis O O Viseum Keyence Huawei Atlassian O O O O O O O Source: Company websites & information in public domain#14Revenue Stream - Edge Al Platform Business Model Objectives and Key Results (OKRs) - A clearly defined OKR hierarchy that makes sure that everybody contributes to the company goals Short-term 1 Medium-terms - Increase the recurring revenue - Capitalising on the Global Opportunity Profitable, generating cash Long-term Al Appliance Gorilla Brand Al Appliance Appliance Edge Computing Al Models 40+ IVAS Al Appliance OEM Number of Video Streams/Lens Volume of Al Analytics API complexity Number of Video Streams/Sensors Number of Al Analytics $ Data Service Data accumulation volume Number of analytic widgets Customized analytics via Al training services Al Training/ Deep Learning on the Edge Al SaaS Data Service Analytic Widgets#15Bringing decades of experience The A-Team - Board of Directors (post-closing) Jay Chandan Executive Chairman & Director Yoichiro Hirano Independent Director Rt. Hon. Ruth Kelly Independent Director Gregg Walker Independent Director Tomoyuki Nii Independent Director Dr. Spincer Koh Director#16Bringing decades of experience The A-Team - Management Dr. Spincer Koh Founder & Chief Executive Officer Alan Luo Chief Technology Officer Dr. Raj Natarajan Chief Innovation Officer Felix Song Chief Solutions Officer Jeffrey Chuang* VP - Finance Mike Wang Head of Sales - SE Asia * Stardi Yen, the SVP Finance, has tendered his resignation effective July 11, 2022#17</> T EDGE COMPUTING AP !!!#18Aim of EDGE computing? Analyse inputs at source to minimise data transfer and storage requirements Increase security Minimize latency (especially for VR applications <10ms) Reduce DATA traffic Enable EDGE-based mesh with devices able to talk to each other and or/directly Cloud Central processing of summary data Big data analysis, complex learning model Central control ● . Edge ● ● ● Real time data processing Real time control (M2M) Local data filtering and caching At source data visualization Sensors and controllers loT Gateway Server (()) Cloud Apps Network! Switch! 5 Internet Gateway 0 Storage loT Gateway 000 g Internet Intranet ની Proximity#194 Major Reasons Edge & Al-A perfect marriage S 101 COST Moving Al processing to the edge is highly economical & cost effective. Only processed, highly valuable data is sent to the cloud. So, whilst sending and storing huge amounts of data is still expensive, smaller devices at the edge have become computationally powerful, taking after Moore's Law. SECURITY Edge computing makes it possible to guarantee that private data never leaves the local device. Edge computing distributes processing, storage, and applications across a wide range of devices and data centers, which makes it difficult for any single disruption to take down the entire network. L ATENCY One of the greatest benefits of Edge Al is the much faster speed at which data is processed & stored, especially for applications that require real-time processing. RELIABILITY Can work without connectivity. With loT edge computing devices and edge data centers positioned closer to end-users, there is less chance of a network problem in a distant location affecting local customers.#20GRRR#21Capture → Infer Alert → Analyse → Why Gorilla? I I intel. OpenVINO I Intel CPU I I I I Intel VPU NVIDIA GPU Gorilla Al Models . Optimized Inference IVA Cores Endpoint Protection Al Models Vision Al Inferences Cyber Al Inferences Al Appliances Al Toolkits Release in 2022 Al SaaS Release in 2022 Human 店 Intrusions Gorilla Vision Al Appliances Vision Al Series Mobile Vision Al • Cyber Al Video Analytics Inference (CPU-Optimized) Al Appliances Vision Al Applications Cyber Al Applications A Vehicles Emotions 889- Rugged Vision Al i Behavior Objects Network Retail Transportation Health and Life Sciences . Manufacturing Public Sector End-Point Automotive Cybersecurity Analytics Inference (CPU/OS Optimized) Smart Cities/OSS Education Banking Gorilla Al SaaS Energy and Uses Al Big Data Analytics AI ML/DL Hyper Learning SaaS 5G Edge Al Cloud SaaS Al SaaS Al Big Data Analytics Al Hyper Learning Identity Prevention Detection Response Hospitality Gaming/Entertainment € IPLO Security / Government Building & Factory Transportation, Logistics, ADAS & Connected Cars Retail, Finance & Entertainment Industrial Medical#22-D How does it work? Gorilla on the Edge -Al Lifecycle V F F F F F Edge Computing New Al Analytics! Gorilla Al Appliance 2 A 1 O Gorilla Al Toolkit IOT Devices Gorilla Dataset Service $30 AI Data Network Edge Server/Cloud Computing Gorilla Al Hyper Learning SaaS Gorilla Training Service €38 Gorilla Model Optimization Service $30 Gorilla Al Big Data Analytics SaaS Al SaaS Application Data Analytics Workstation O#23Platform Independent Al Software for Massive Al-SOC and Extended Market Core Technology Roadmap intel. OpenVINO NVIDIA. arm Google Windows Linux loTOS ODM Q3 (Q2) Intel® Xeon® Processor Intel® TigerLake Series Intel® Core™-i Processor Intel® KeemBay Accelerator Intel® Atom® Processor 2021 Q1 04 nVidia GPU Series ARM Cortex-A Series Windows Windows Server 03 nVidia Jetson Series Q4 2022 01 02 Intel® AlderLake Series ARM Qualcomm Series CentOS 6/7/8 Ubuntu 14.04/16.04/18.04/19.04/20.04 Google TPU Series Q3 ARM Cortex-M Series Embedded Linux Snappy Windows loT Raspbian Amazon FreeRTOS Fuchsia Optimized Al-SOC Development ODM Service AloT Security Development ODM Service#24The Gorilla Ecosystem Investors SBI Investment T DELLEMC VENTURES Asteria acer Awards Interop BEST OF SHOW AWARD 2019 Grand Prize Best Edge Computing Product Interop Tokyo, Japan, 2019 (intel 2019&2020 PARTNER CONNECT OF THE INTEL PARTNER YEAR NIST Face Recognition Test FRVT- Top 20 Intel Partner of the Year Award Best Innovative Design 2020 Innovation Award Winner 2019 National Police Agency National Police Information Service Awards 2018, 2019 (intel) loT Solutions Alliance Partners AIS CTC T Telstra DELLEMC JFE = SoftBank INTI APLDT Industry Telekomunikasi Indone MACNICA JFE商事エレクトロニクス株式会社 Capgemini n NEOUSYS TECHNOLOGY sse Lanner#251 1 1 I 1 1 road rules are some of the root causes of traffic 1 1 1 1 1 Kaohsiung Transportation Bureau Case Study 1 Challenge Failure of urban design to integrate traffic flow, lack of law enforcement & poor dissemination of violations in dense urban areas. These issues were top of mind for lawmakers at the Kaohsiung City Government in Taiwan when trying to address persistent road violations at most of their city's intersections. Gorilla partnered with the Kaohsiung Transportation Bureau: Use advanced video to identify traffic violations Catch traffic infractions almost in real time Reduce police deployment Increase enforcement change traffic management traffic Long-term, change patterns Legal Turn legal Turn Solution Gorilla deployed a sophisticated EDGE Al solution to monitor major intersections: Ability to monitor and identify traffic violations using real-time video . ● In one intersection, took violations identified from 3/day to 305/day Long-term goals to decrease the number of infraction by 50% through monitoring and through better traffic management at intersections Ability to launch other traffic/city management related services on top Deployment cost a fraction of non-EDGE solution 811 Camera Lacations () Vehicle Detection & Direction Zones Cara Locations License Plate Recognition Zones Figure 6-Intersection Camera Setup Camers Figure 11-Date Collection & Video Search Software 高雄市政府交通局 Transportation Bureau of Kaohsiung City Government Result 10,000% Increase in Traffic Enforcement Gorilla implemented a project deploying Al solutions in order to collect data, raise safety awareness and help law enforcement protect their citizens Note: Further Case Studies attached in the Appendix#26Growth shift N L IN A 1 end 5#27. - $51M (originally $65M) Revenue Growth a D 2022 $90M 2023 52% Average Growth over 5 Years Note: Amounts are in US Dollars The projected revenues, and marging, are Gorilla management's management forecasts, based on its historical experience, current market conditions, and expectations regarding the demand & growth of the Edge Al market See the disclosures anside 2 entitled "Projections and side 3 entitled "Forward Looking Statements for an expanded description of the nature of such assumptions and projections The projections are highly dependent upon and impacted by $151M Ona intensive hiring programme No staff attrition consequent upon the merger-including especially in senior sales soles On securing a large contract, the management is currently working on 2024 Sales colleagues will become increasingly productive, reaching their peak productivity within 18 months Revenues from new lines of business will start to be recognized on closing a sale ino delivery lead times) Modelling does not show P&L impact of share based incentive payments for management colleagues Model assumes 75% yo-yretention of New lines of business The Gorilla shareholders have placed 14 million shares in Escrow, subject to release, in part, based on 2022 revenues, between $51m & 965m 45% 2026 EBITDA A post pandemic recovery globally At least $50 million of gross cash from the merger, needed to generate 2022 & 2023 results and an additional $25 million before 2024, in order to execute the entire above plan On time completion of De-SPAC is early in 01 $254M 2025 56% 2026 Gross Margins $402M 2026#28Cost Management whilst Maintaining Growth Revenue Breakdown $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $0 2020 Note: Revenue breakdown reported in USD Source Management Estimates Revenue Growth 2021 2022 2023 EDGE Al Solutions & Services 2024 2025 2026 PaaS . . . 100.0% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0,0% 14.0% 0.0% 65.9% 17.0% 3.0% Y2021 Geographical Breakdown of Sales 18.0% 1.0% 55.5% 19.0% 6.5% Y2022 20.0% 10.5% 37.7% 21.0% 10.8% Y2023 Japan SE Asia 22.0% 15.8% 25.8% 22.2% 14.2% Y2024 24.5% 20.0% 17.4% 23.1% 15.0% Y2025 Taiwan USA EMEA 25.0% 26.2% 10.0% 22.8% 16.0% Y2026#29Cash Positive by 2024 GP & EBITDA $200,000,000 $180,000,000 $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 50 2021 2022 EBITDA EBITDA Evolution 2023 2024 Adjusted EBITDA Note: GP & EBITDA, reported in USD Adjusted EBITDA adds back one time expenses related to the merger transaction Source - Management Estimates 2025 EBITDA % 2026 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 S0 2021 Gross Profit Evolution 2022 2023 Gross Profit (lhs) 2024 2025 ا Gross Margin (rhs) 2026 100.00% 90.00% 80.00% 70.00% 60.00% 50.00% 40.00% 30.00%#30得 19599 How it all stacks up! 20029 人人人人人人#31Business Models & Sales Structures Peer Group Fíve9 S shopify Veeva oktazscaler G RA A ATLASSIAN C3.ai Q Palantir Rockwell Automation SaaS Edge Al & Al COGNEX snowflake DARKTRACE fastly sensetime sproutsocial Automation Technology Trimble DATADOG unity Tencent CLOUDFLARE KEYENCE HEXAGON Unique product positioning, with significant differentiators to competition Proven track record with proven growth stories Generating high gross margins, path to profitability Highly visible SaaS models with proven revenues ● Exceptional market reception to the products with strong intellectual properties. Generating high gross margins, path to profitability • Rapidly evolving with the market needs Local to Global expansion proof Unique product positioning, with significant differentiators to competition Have repeatedly outperformed market expectations Platform offerings Strong R&D support & innovation pipeline#322022 Revenue Multiples (EV/Revenue LTM) - average & lower to upper quartile Valuation Analysis 40.0 X 35.0 X 30.0 X 25.0 X 20.0 X 15.0 X 10.0 X 5.0 X 0.0 X Gorilla: 11.1x Gorilla Saas: 17.0x (11.6x to 21.6x) SaaS Automation Tech: 8.5x (6.0x to 10.8x) Automation Tech Al & Edge: 11.7x (7.0x to 11.2x) I Lower Quartile Average Upper Quartile 130-day average Source - Data Source: S&P Capital IQ and Management desktop research & analysis. The closing stock prices of the comparable companies included above are as of May 5, 2022 ** Sense Time range includes - 30-day & 60-day averages Edge Al 60-day average SenseTime: 28.8x (29.6x to 34.7x)** Sense Time#33Connecting businesses to people, people to services, industries to consumers & business partners Global Expansion Strategy (intel market ready ✓ (intel OT Solutions Alliance USA Hiring key sales staff. Enable partnerships across vast ecosystems that are redefining industries and creating new business models. O EMEA Strategic hiring of key sales heads in key markets, with focus on the backend infrastructure. O KING H DOEL CTC REST OF ASIA Capitalize on the current relationships in APAC and while expanding market access and raising innovation. TPI SoftBank Lanner JTS AIS VSTECS MARLBUN CORPORATION INTI Asterio Telstra NEOUSYS TEKWIND Globe MACNICA O TAIWAN & APAC To provide growth opportunities To protect your home base To be aware of all potential threats to your business#34Creating significant value-add for Customers 4-step Sales Strategy Local know- How 1 2 3 4 Gorilla Group Business Network . . Investment Investment of USD 100 M Strategy Our unique product positioning will be central to help further our winning strategy • Build brand awareness Enhance credibility amongst customers Create Barriers for new entrants Create a foothold by building local sales, pre-sales and technology customer centric teams in US & Europe Establishing trust and building relationships Creation and further development of strategic synergy within different regions. Keep customers that want to graduate from Local to Global Be able to provide full breadth of services Al life cycle management Establish strategic position & Increase Win Rate $$$ Share Ĵ Value Adding Gain key marquee clients in US & Europe $$$ Share Creating an integrated global footprint & Managed Services platform $$$ Share Creating significant competitive advantages through collaboration Partnerships & Collaboration#35Use of proceeds $14,900,000 $17,000,000 $15,000,000 Merger Fees & Expenses Sales & Mktg Working capital (1) Contingency - potential fees for services of provider(s) of advisory and capital markets services $3,600,000 Contingency $29,000,000 Cash Burn $79,500,000 Total Note: Use of proceeds reported in USD, $ millions Source Management Estimates Based on management's forecasted expenditures (including Transaction costs) remaining in 2022 and up through 2023#36Our Mission... Sustainability Embedded in all of Gorilla's activities go "To play THE leading role in Edge Al, by offering transformational solutions, leveraging innovation, skills and distinctive technologies to generate value for all stakeholders" Innovation Turning ideas into strategy Build Evaluate, invest and grow People Support, training and motivation#37Questions 10000 91-181 918 Sit 100:00 1311 116 1 1810010818 217 190 L 3020110 px rgba(8 le 186f148e 18/49 10: 17 31101541CTORIES lelon ipti 18.) 1910 31000 it.p: 310 om/aici.. p nos.js?4982' high ignt-node top: 0px: 111 01 11 007 310 alue xdm c-de xa 101 10. 10.20 0011000 10010016 e1410000 t-n ly: n#38[ Appendix#39Strong fundamental credentials, 20 years in Security & Al Journey 2001 Founded: 2001 HQ and R&D Centre in Taiwan 2010 Launched Server Base Al Facial Recognition in Media LPR/Vehicle recognition in Security DPI on Network Security. 2016 2017 Al Developed Edge Launched Edge Al VeMoTM Edge Al Platform IVART Video Video Analytics Cyber Analytics Application NSGurad™ Cybersecurity Application 2018 Intel Certified First OpenVINO™ CV partner IVARTM Market Ready Solution Patents Applied in Taiwan, China, USA, Europe Total Granted Patents - 24 Total Under Review Patents - 6 2019 Global Operations in 9 Countries Employees: 230 Intel Partner of the Year Leader in Edge Al 2020 IVAR™M wins Best Edge Computing Award in Tokyo InterOp Gorilla & Dell Al Experience Zone Intel Best Innovation Design#40I 1 1 I I 1 1 Taoyuan Airport Taiwan, Smart City Approach Case Study 1 Challenge The airport approached Gorilla to prepare for Taiwan hosting several large events, with several key objectives: Identify and monitor suspicious people and activities Search for specific travelers Monitor vehicle access in restricted areas Disease monitoring and health/safety compliance Maintain passenger satisfaction Target Found Unboarded Passenger EVA Arine BRST Solution Gorilla deployed an EDGE Al solution knitting together numerous cameras and sensors to: Find and track suspicious or lost passengers through face recognition Vehicle tracking via license plate matching and video monitoring technology Video and GPS tracking of all ground supply vehicles for coordination of logistics and support Mask detection for the entire airport Search 200,000 records/ 1 min ● TE ☺ Result Taoyuan Airport Taiwan 50% Reduction in response time 3 The projects undertaken by Gorilla for Taoyuan Airport show that edge Al and video analytics have the power to manage high-volume, high-density environments with accuracy. These kinds of solutions can benefit security personnel and increase overall safety for travelers.#41I I 1 1 1 1 1 Taiwan Criminal Investigation Bureau Case Study 2 Challenge The CIB is responsible for supervision and deployment of all criminal police work, prevention and investigations. CIB prevents organizational and economic crime, oversees judicial police, communications and monitors suspicious implements criminal forensics. The Challenge: Locate target vehicles across the whole country in real-time Over 8 million vehicle data points are hosted separately by different city authorities ARALIN TT FUL Solution The Solution: • Deploy RFID-based vehicle verification solution across 22 cities including airports, ports and transportation hubs Establish national vehicle search platform integrated with a vehicle tracking database that collates various police bureaus' data Display vehicle path with detailed vehicle attributes (LPR, color, type) Solution Deployment Watchlist Vehicle Search Situational Management Edge Al Analytics License Plate Recognition Vehicle Behavior Analysis Vehicle Location Tracking Vehicle Classification 3rd Parties Geo Mapping RFID Result 內政部 服刑事警察局 CRIMINAL INVESTIGATION BUREAU Days to Minutes Reduction in response time 5 The upgraded vehicle search platform effectively connected the databases from each city and their transportation hubs. Whereas previous searches would take several days to find a targeted vehicle, this solution dramatically shortens vehicle search times to less than 1 minute. Additional case studies in Appendix#421 1 I 1 1 1 1 I 1 1 1 Taipei Medical University Hospital Case Study 3 Challenge The hospital is located in central Taipei and houses 800 hospital beds and over 2000 employees. With the recent restrictions for Covid- 19 placed on medical facilities, administrators were looking for an expedient way to usher in patients and staff to the building-all the while following the pandemic guidelines and keep everyone safe. Goals included: Ensure mask wearing and temperature checks Control access privileges Limit surface contact Maintain perfect records to enable contact tracing Long-term, change traffic management patterns Solution Gorilla deployed Al-driven screen stations containing: Intel CPU and hardware Real Sense Camera and thermal sensor Gorilla's software ● The screen stations were able to control access in and out of the hospital's main entrances during the pandemic, leading to stunning results: A decrease in operational costs by over 50% Controlled access to potentially sick visitors Comprehensive monitoring system which immediately alerted the on-duty staff ● PLEASE WEAR A MASK!! 臺北醫學大學附設醫院 Taipei Medical University Hospital Result 50% Reduction in costs $#431 I 1 I 1 1 1 1 1 1 1 Enhancement of Ground Vehicle Management Case Study 4 Challenge Taoyuan is the 10th busiest airport by international passenger traffic. It is Taiwan's largest international airport handling 42.3 million passengers and 2.1 billion kilograms of freight annually. The Challenge: Ensure safety as well as operational efficiency of the ground crew to avoid flight delays Manage service vehicles used for various purposes and keep them continuously moving on their defined routes TAVE DEEP 12424 Solution The Solution: Verify authorized vehicles by checking both license plates and RFIDS Monitor vehicle movements and identify prohibited area intrusions Trigger alerts for violations in real time View and search violations and event clips in the management platform Solution Deployment Vehicle Movement Management Vehicle Search Situational Management Edge Al Analytics License Plate Recognition Vehicle Behavior Analysis Vehicle Classification 3rd Parties Geo Mapping RFID Result Taoyuan Airport 15 seconds Vehicle Verification Violations dropped by 371 times per month after system went online. Automatic vehicle verification can be done within 15 seconds at the checkpoint area#44Additional case studies - Smart City & Transportation GBK Stadium, Indonesia Post-Pandemic Management 交通部鐵道局 Railway Bureau, MOTC Taiwan Railways Administration Station Safety & Security Major Smart Lighting Company, UK Environmental Monitoring TIPC Taiwan International Ports Corporation Port Safety & Security 8 Taoyuan Airport Taoyuan International Airport, Taiwan Airport Safety & Security PDX Portland International Airport Portland International Airport, US Airport Safety & Security#45Additional case studies - Industrial & Commercial DANONE ONE PLANCT. ONE HEALTH Danone - Leading Food Company, Indonesia Post-pandemic Workplace Safety Management 87 Leading Automotive Manufacturer, Japan Situation Management for ADAS ExxonMobil loT Solutions (es) intel Alliance Exermed ExxonMobil - Digital Garage, Thailand Security and Access Control System auresys Auresys & MasterCard, Singapore Secured FR-based payment AIS AIS - Thailand's Largest Mobile Operator Enterprise & Retail Surveillance System LUXOTTICA Luxottica Group, US Security and Access Control System#46Additional case studies - Safe State & Government CHARBE R 蓝刑事警察局 enters for Disease Taiwan Centers for Disease Control Mask Wearing Statistics Criminal Investigation Bureau, Taiwan Vehicle Tracking Control Central Weather Bureau, Taiwan Cloud Analysis & Weather Prediction Criminal Investigation Bureau, Taiwan Suspect Tracking Ber AGENCY OF Agency of Corrections, Taiwan Inmate Management POLICE ROYAL THAI Royal Thai Police, Thailand Suspect Tracking ข้อมูลวัด ws.c or CHCESE 3 Com 11* สำนักงา JUSTICE CORRECTIONS POLICE