Investor Presentaiton

Hong Kong IPOs: Main Board - sector analysis 2020: Top 5 sectors - by number of IPOs Total number of IPOS = 132 35% 30% 31% 25% 20% 15% 17% 17% 13% 10% 12% 10% 5% 0% Infrastructure/ TMT Real Estate Healthcare / Consumer Life Sciences Markets Industrial Others ✓ " Infrastructure/Real Estate The sector led the market in terms of the number of listings and ranked fourth in terms of total proceeds. The sector is expected to remain active in the market for the coming year, as over a quarter of the pipeline is from this sector. Stimulated by the expanded infrastructural needs for Hong Kong and the Greater Bay Area, including development of the city's Cyberport and Science Park, pipeline and fundraising actives from this sector are expected to remain solid for the coming years. Source: HKEX and KPMG analysis 2019: Top 5 sectors - by number of IPOs Total number of IPOS = 146 30% 25% 27% 20% 15% 15% 15% 10% 12% 10% 5% 21% 0% Infrastructure / TMT Real Estate Consumer Markets Healthcare / Industrial Life Sciences Others Note: All analysis is based on a combination of data as at 6 December 2020 and KPMG estimates, unless otherwise stated. KPMG Source: HKEX and KPMG analysis Technology, Media & Telecoms The TMT sector ranked first in terms of total funds raised and second in terms of the number of new listings. Three out of the Top 10 IPOs are from the TMT sector. Four US-listed, China-based TMT companies - NetEase, JD.com, Baozun Inc. and GDS Holdings Limited - have completed their secondary listings during the period, raising a total of HKD77 billion, comprising 20 percent of total funds raised in the Hong Kong market. Market demand for distance-based services has been expanding due to the COVID-19 outbreak, this includes teleconferencing, virtual classrooms and online trading platforms. Business opportunities and funding needs for companies specialising in these services are expected to keep growing considerably. © 2020 KPMG, a Hong Kong partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved. 20

View entire presentation