Investor Presentaiton

11. Appendix: enhanced tax exemption conditions for private funds (effective since 1 April 2019)(cont'd) Profits tax exemption eligibility for profits generated from investment in private companies by private funds - broadbrush overview Does the private company hold ≤ 10% Yes Has the private Yes company been held by Tax-exempted of its assets in the fund for ≥2 years? immovable property in Hong Kong? No No Is the private company controlled by the fund? No Tax-exempted Yes Does the private company Yes hold 50% value of its Tax-exempted assets in short-term assets? No Not tax-exempted Not tax-exempted 46 SFC 證監會

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