Investor Presentaiton

Source: MIR, Macquarie Research, May 2023 15% 10% 5% 0% ABB Siemens Inovance 20% Danfoss 20% 15% 10% 5% 0% FANUC Yaskawa Market share of inverters in China Schneider INVT 2019 2020 2021 2022 Delta KUKA Epson ABB 2019 2020 2021 2022 Market share of industrial robot in China Estun novance Inovance-China's future Siemens Market-share gains on import substitution Yamaha Yaskawa Kawasaki Mitsubishi Rockwell Fuji 50% 40% 30% 20% 10% 90 0% Siemens Inovance Mitsubishi Nachi 25% Market share of servo systema in China 20% 15% 10% 5% 0% Inovance Siemens Panasonic 2019 2020 2021 Yaskawa Mitsubishi 2022 Market share of small PLCs in China Omron 2020 2021 2022 Xinjie 11 Delta Panasonic Schneider Rockwell Delta Estun

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