Investor Presentaiton

2022 global IPO market overview Global IPO markets faced challenges IPO market sentiment has been continuingly affected by the difficult market conditions. This resulted in reduced market activities, including cross-border deals and mega IPO deals. As such, the global IPO markets have slowed down both in terms of number of deals and funds raised comparing with the same period last year. US inflation concerns On-going pandemic development 8 Regulatory changes The global IPO market will continue to be influenced by economic and geopolitical uncertainties in the near term. Nevertheless, strong pipelines in the major IPO markets indicate that there remains strong demand for fund raisings. We expect more sizable deals getting done over the coming months as sentiment improves. Paul Lau Partner, " Head of Capital Markets and Professional Practice KPMG China +852 2826 8010 [email protected] Interest rate hikes Geopolitical uncertainties 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 5

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