Dividend History and Financial Overview

Australia: Declining wholesale electricity prices drive earnings down 2,500 649 2,000 218 ACOI 1,500 1,284 (HK$m) 1,000 500 0 1H2020 FX Customer 295 Enterprise (867) 33.7% excl. FX 12 996 Energy (1,167) 1,568 Performance Outlook Customer Energy Enterprise 1H2021 ⚫ ACOI: 33.7% down after FX as Energy segment declines, partially offset by Customer cost improvements Customer: Lower energy procurement & hedging costs and lower bad debt. Slight reduction in customer accounts. Continuing emphasis on operational efficiency and cost reductions Energy: Margins declined as anticipated on lower wholesale prices and higher gas supply costs. Accelerated depreciation on Yallourn early closure & restriction in operations after extreme rainfall also impacted ACOI Progress assessment of Morwell River Diversion to ensure safe operation at the Yallourn coal mine following exceptional rainfall • Continued pressure on wholesale margins from lower forward prices and high gas supply costs Longer term: Continuing emphasis on service excellence and progressing towards a lower emission portfolio including Wooreen Battery, Tallawarra B, Kidston pumped hydro storage and customer-based distributed resources, and planning for the early closure of Yallourn CLP 中電 120 years 同行望遠 of shared vision 13

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