Investor Presentaiton

HKAS 1.51(a) HKAS 1.49 HK Listco Ltd HKAS 8.30 Financial statements for the year ended 31 December 2023 41 POSSIBLE IMPACT OF AMENDMENTS, NEW STANDARDS AND INTERPRETATIONS ISSUED BUT NOT YET EFFECTIVE FOR THE YEAR ENDED 31 DECEMBER 2023297 Up to the date of issue of these financial statements 298, the HKICPA has issued a number of new or amended standards, which are not yet effective for the year ended 31 December 2023 and which have not been adopted in these financial statements. These developments include the following which may be relevant to the group. Effective for accounting periods beginning on or after Amendments to HKAS 1, Presentation of financial statements: Classification of liabilities as current or non-current ("2020 amendments") Amendments to HKAS 1, Presentation of financial statements: Non- current liabilities with covenants ("2022 amendments") Amendments to HKFRS 16, Leases: Lease liability in a sale and leaseback Amendments to HKAS 7, Statement of cash flows and HKFRS 7, Financial Instruments: Disclosures: Supplier finance arrangements Amendments to HKAS 21, The effects of changes in foreign exchange rates: Lack of exchangeability299 1 January 2024 1 January 2024 1 January 2024 1 January 2024 1 January 2025 The group is in the process of making an assessment of what the impact of these developments is expected to be in the period of initial application. So far it has concluded that the adoption of them is unlikely to have a significant impact on the consolidated financial statements except for the following: Amendments to HKAS 1, Presentation of financial statements (2020 and 2022 amendments) 300 The 2020 and 2022 amendments impact the classification of a liability as current or non-current, and are to be applied retrospectively as a package. The 2020 amendments primarily clarify the classification of a liability that can be settled in its own equity instruments. If the terms of a liability could, at the option of the counterparty, result in its settlement by the transfer of the entity's own equity instruments and that conversion option is accounted for as an equity instrument, these terms do not affect the classification of the liability as current or non-current. Otherwise, the transfer of equity instruments would constitute settlement of the liability and impact classification. The 2022 amendments specify that conditions with which an entity must comply after the reporting date do not affect the classification of a liability as current or non-current. However, the entity is required to disclose information about non-current liabilities subject to such conditions. 196 © 2023 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.

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