Investor Presentaiton

Our context 1981 2011 2021 Much Heavier Burden Imposed by Ageing Population The proportion of working population aged 15-64 to one elderly person aged 65 and over بایل بابل بابل بابل بابل 3.4:1 2031 2.2:1 2041 1.8 1 5.3:1 Chart 5 Increase in unit value of Hong Kong exports % change 7.0 6.0 10.3:1 5.0 4.0 3.0 2.0 1.0 0.0 Q1 2012 Note: Excluding foreign domestic helpers. Source: Demographic Statistics Section, Census and Statistics Department. GDP Growth & Inflation Rate (%) '00 'OZ '04 '06 GDP growth rate Source: IMF 80, '10 22 Q2 Q3 Q4 Q1 2013 Q2 Q3 Source: Hong Kong Trade Statistics, HKSAR Census and Statistics Department Inflation rate '13 108542024 6 고 Tough competition IMD World Competitiveness Ranking 2015 2015 2014 1 USA 1 2 Hong Kong 4 3 Singapore 3 4 Switzerland 5 Canada 7 70 Q4 Q1 22 Mainland China 23 2014 Source: IMD SCMP Hong Kong GDP as a percentage of Mainland China's GDP 15 10 -2 5 0 1998 Source: World Bank '00 '02 '04 '06 '08 '10 2012

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