Investor Presentaiton

Hong Kong IPO market: 2022 H1 highlights Activity slowed down amid macro-economic uncertainty In line with the global market sentiment, Hong Kong's IPO activities have slowed recording a 92% year-on-year decrease during the first six months of the year in terms of total proceeds raised. So far 24 deals have been completed, bringing in HKD 17.8 billion. 24 Deals Raised a total of HKD 17.8B $ Number of deals and funds raised The continuing development of SPAC The SPAC regime in Hong Kong has had a steady start to this year with 13 listing applications being filed and 2 having listed. As market uncertainties fade over time, we expect to see more SPAC listings in the bourse. Further homecoming listings Hong Kong continues to be the natural choice for homecoming listings because of the city's geographical proximity and its capital flow mechanisms with mainland China, underpinned by the current uncertainties Chinese issuers are facing in the US market. 2 Deals Raised a total of HKD 2.0B 3 Homecoming listings Including 2 listing by introduction deals SPACS Homecoming listings Note: All figures are as of 23 June 2022, adjusted to number of confirmed listings up to 30 June 2022, included listing by introduction, and excluded SPAC deals and GEM transfer Source: HKEX and KPMG analysis KPMG © 2022 KPMG, a Hong Kong (SAR) partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. Printed in Hong Kong (SAR). Mainland China and Hong Kong IPO markets 14

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