Investor Presentaiton

2024 A-share IPO market Outlook Impact of CSRC policies Solid IPO pipeline of around 780 01 02 03 The Chinese Mainland's post-Covid-19 economic recovery has fallen short of expectations. It is imperative for the Chinese government to support the positive development of its capital markets to effectively serve the real economy. Looking ahead to 2024, A-share IPO activities are expected to remain steady as regulators continue to support areas related to technology, innovation and sustainability. These measures will foster long-term and sustained growth of the A- share capital market. " Effectiveness of economic and fiscal policies KPMG © 2024 KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved Louis Lau Partner Capital Markets KPMG China Chinese Mainland and Hong Kong IPO markets | 12

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