Group Overview - 9M25 total revenue was US$6,017.4 million[11], with athletic/outdoor shoes accounting for 55% and Pou Sheng contributing 29.7%[10] - 2024 revenue reached US$8,182 million, profit attributable to owners was US$393 million, and dividend per share was HK$1.30[13] - Shoe volume increased by 17% to 255 million pairs in 2024, while ASP decreased by 5.1% to US$20.25[13] - The company is committed to reducing emissions by 46.2% by 2030 compared to 2019[23] Financial Performance (9M25 vs 9M24) - Group revenue decreased by 1% to US$6,017.4 million[42, 53] - Manufacturing revenue increased by 2.3% to US$4,231.7 million[42, 65] - Retail revenue (Pou Sheng) decreased by 7.7% to RMB 12,903 million[42] - Profit attributable to owners decreased by 16% to US$278.7 million[42, 53] - Manufacturing profit attributable to owners decreased by 12.6% to US$263.9 million[42, 65] - Retail profit attributable to owners decreased by 50.1% to RMB 171 million[42] Manufacturing Business - Shoe volume increased by 1.3% YoY to 189.4 million pairs[40, 49] - ASP increased by 3.2% YoY to US$20.88 per pair[40] - Manufacturing gross profit margin was 18.3%, a decrease of 1.3 percentage points[40, 65] - Manufacturing operating profit margin was 6.6%, a decrease of 1.3 percentage points[40, 65] Retail Business (Pou Sheng) - Online contribution reached a historical high, accounting for 33% of total sales[98] - Number of direct operated stores decreased by 3.5% YoY[109]

GenScript Biotech Corporation Overview - GenScript Biotech Corporation aims to be a leading global CDMO, known for cutting-edge technology, and a creator of solutions for a better life through bio-innovation[6] - The company's growth framework is built on innovation in DNA synthesis & design, protein design & engineering, and cell design & engineering[7] - The group's cash position is $966.6 million[11] - GenScript has a global presence, serving over 100 countries and regions with 200,000+ customers[14] Business Strategy and Financial Goals - By 2035, GenScript aims for $3 billion in revenue with over 20% operating margin, $3 billion accumulated licensing revenue, 50% revenue from products, and over 80% revenue from high-margin markets[20, 46] - The company is focusing on high-quality growth with better profitability[20] - GenScript is leveraging core technology advantages to accelerate products and high-value licensing, building a new growth engine with AI and digital engine[20] GenScript Life Science Group (LSG) - GenScript LSG has over 239,500 customers and 3,300+ employees, with 10% in R&D[59] - Accumulated citations of GenScript services & products in customer research publications exceed 112,200[65] - TurboCHOTM can produce antibodies from sequence in 5 days[98] ProBio (Biologics CRDMO) - ProBio aims to be a leading global CDMO, enabling customers to deliver life-changing therapies[6, 127] - The company has $371.1 million in cash position[137] - The biologics CDMO market is projected to be a $16 billion market with a 12% CAGR, while the CGT CDMO market is at $5.6 billion[166] - In vivo CAR-T trial starts grew 220% from 2024 to 2025[166] Bestzyme (Industrial Synthetic Biology) - Bestzyme's vision is to be the creator of solutions for a better life, powered by leading bio-innovation[6, 224] - The company has over 40% of staff in R&D, 60+ granted patents, and 130+ patent applications[233] - Bestzyme has a 23% revenue CAGR and 22% gross profit CAGR in 2022-2024[233]

Financial Performance - Revenue decreased by 7.7% YoY from RMB 13,984 million to RMB 12,903 million[14] - Gross profit decreased by 9.2% YoY from RMB 4,758 million to RMB 4,320 million[14] - Operating profit decreased significantly by 41.6% YoY from RMB 514 million to RMB 300 million[14] - Profit for the period decreased by 46.8% YoY from RMB 348 million to RMB 185 million[14] - Profit attributable to owners of Pou Sheng decreased by 50.1% YoY from RMB 343 million to RMB 171 million[14] - Net cash decreased by 27.1% YoY from RMB 2,729.3 million to RMB 1,990.8 million[31] Financial Ratios - SG&A expenses decreased by 5.6% YoY from RMB 4,420 million to RMB 4,173 million[14] - Online contribution reached a historical high, accounted for 33% of total sales, up 13% YoY[11] - Total borrowings to equity increased by 1.5 percentage points YoY, from 0.7% to 2.2%[31] Operational Highlights - Number of direct operated stores decreased by 3.5% YoY[24] - Employee numbers decreased by 8% YoY from 20,300 to 18,600[24] - Omni-channel accounted for 33% of revenue[36]

Non-Auto Insurance Rectification and Development - The non-auto insurance segment is transitioning to a high-quality era driven by compliance and quality, with comprehensive rectification measures being implemented [6] - The "Circular on Strengthening the Supervision of Non-Auto Insurance Business" (Jin Fa [2025] No 36) is effective from November 1, 2025, promoting rational competition [8] - The 15th Five-Year Plan presents significant growth opportunities for non-auto insurance, aligning with national strategic goals [20] - PICC P&C focuses on strategic tasks to serve economic and social development during the 15th Five-Year Plan, acting as an "economic shock absorber" and "social stabilizer" [24] PICC P&C's Non-Auto Business Capabilities - PICC P&C's non-auto business structure encompasses large, medium, small, micro, individual, and government clients, supported by risk data resources and professional teams [29] - PICC P&C possesses six core capabilities in its non-auto insurance business: precise pricing, rigorous underwriting, omni-channel customer acquisition, professional claims service, comprehensive reinsurance support, and cutting-edge risk reduction [32] - PICC P&C has a dedicated team of independent underwriters, with 76 required courses, ensuring full-chain closed-loop management [43] - PICC P&C's claims team includes 180 commercial non-auto claims experts, achieving a 7262% incremental loss reduction rate after launching anti-leakage rules [52] Overseas Business Expansion - China's outbound direct investment flow reached USD 1922 billion, increasing by 84%, highlighting the need for overseas insurance services [80] - PICC is establishing an integrated overseas business model led by PICC Reinsurance, deployed by PICC P&C, and coordinated by PICC Hong Kong [86] - PICC has signed agreements with 37 overseas insurance companies to share global service networks [103]

Non-Auto Insurance Rectification and Development - The non-auto insurance segment is transitioning to a high-quality era driven by compliance and quality, with comprehensive rectification measures being implemented [6] - The "Circular on Strengthening the Supervision of Non-Auto Insurance Business" (Jin Fa [2025] No 36) is effective from November 1, 2025, promoting rational competition [8] - The 15th Five-Year Plan presents significant growth opportunities for non-auto insurance, aligning with national strategic goals [20] - PICC P&C focuses on strategic tasks to serve economic and social development during the 15th Five-Year Plan, acting as an "economic shock absorber" and "social stabilizer" [24] PICC P&C's Non-Auto Business Capabilities - PICC P&C's non-auto business structure encompasses large, medium, small, micro, individual, and government clients, supported by risk data resources and professional teams [29] - PICC P&C possesses six core capabilities in its non-auto insurance business: precise pricing, rigorous underwriting, omni-channel customer acquisition, professional claims service, comprehensive reinsurance support, and cutting-edge risk reduction [32] - PICC P&C has a dedicated team of independent underwriters, with 76 required courses, ensuring full-chain closed-loop management [43] - PICC P&C's claims team includes 180 commercial non-auto claims experts, achieving a 7262% incremental loss reduction rate after launching anti-leakage rules [52] Overseas Business Expansion - China's outbound direct investment flow reached USD 1922 billion, increasing by 84%, highlighting the need for overseas insurance services [80] - PICC is establishing an integrated overseas business model led by PICC Reinsurance, deployed by PICC P&C, and coordinated by PICC Hong Kong [86] - PICC has signed agreements with 37 overseas insurance companies to share global service networks [103]

3Q 2025 Financial Performance - Revenue reached a record high of $635.2 million, a 20.7% increase compared to 3Q 2024 and a 12.2% increase compared to 2Q 2025[2] - Gross margin was 13.5%, up 1.3 percentage points from 3Q 2024 and 2.6 percentage points from 2Q 2025[2] - Net profit attributable to shareholders of the parent company was $25.7 million, a 42.6% decrease compared to 3Q 2024 but a 223.5% increase compared to 2Q 2025[2] - Net loss for the period was $7.2 million, compared to a profit of $22.9 million in 3Q 2024 and a loss of $32.8 million in 2Q 2025[3] Revenue Breakdown - Revenue from 12'' wafers increased by 43.0% year-over-year, reaching $376.4 million and accounting for 59.3% of total revenue[10] - Revenue from China increased by 20.3% year-over-year, reaching $522.6 million and accounting for 82.3% of total revenue[15] - Standalone NVM revenue increased significantly by 106.6% year-over-year, reaching $60.6 million and accounting for 9.5% of total revenue[18] - Revenue from ≤65nm technology nodes increased by 47.7% year-over-year, reaching $172.2 million and accounting for 27.1% of total revenue[21] - Consumer Electronics end market contributed $407.5 million, representing 64.1% of the total revenue, a 23.2% increase YoY[24] Capacity and Utilization - Monthly capacity reached 468K (8" equivalent wafers) in 3Q 2025[8] - Overall capacity utilization was 109.5% in 3Q 2025[8] 4Q 2025 Guidance - The company expects revenue to be approximately $650 million to $660 million[25] - The company expects gross margin to be in the range of 12% to 14%[25]

Financial Performance Highlights - HKEX achieved record nine-month revenue and other income of HK$21.9 billion, a 37% year-over-year increase[8] - Profit attributable to shareholders for YTD Q3 2025 reached HK$13.4 billion, up 45% year-over-year[10] - Core business revenue increased by 41% year-over-year to HK$20.4 billion for YTD Q3 2025[15] - EBITDA for YTD Q3 2025 was HK$17.2 billion, a 48% increase year-over-year[15] - Q3 2025 revenue and other income reached HK$7.8 billion, up 45% year-over-year and 8% quarter-over-quarter[11] Business Segment Performance - Cash market revenue accounted for 51% of the total group revenue[12] - Derivatives market revenue accounted for 24% of the total group revenue[12] - Average Daily Turnover (ADT) in the cash market increased by 126% year-over-year[12] - Northbound Stock Connect ADT increased by 67% year-over-year[12] - Southbound Stock Connect ADT increased by 229% year-over-year[12] Strategic Initiatives and Developments - The company is focusing on building on its China strength and enhancing market vibrancy[8] - OTC Clear accepted China Government & Policy Bank Bonds as collateral in March 2025[13] - LME-approved first warehouse facilities in HK went live in July 2025[13] - A subsidiary in Dubai (CPAL) was set up to act as commodities pricing administrator in October 2025[13]

Financial Performance - HKBN's revenue increased by 4% year-over-year to reach 11.129 billion HKD [16] - EBITDA grew by 4% year-over-year to 2.451 billion HKD [16] - Net profit experienced a significant increase, growing over 20 times year-over-year to 207 million HKD [16] - Adjusted Free Cash Flow (AFF) increased by 9% year-over-year to 677 million HKD [16] Enterprise Solutions - Enterprise System Integration (SI) revenue increased by 14% year-over-year to 2.688 billion HKD [22] - Enterprise core telecom revenue increased by 3% year-over-year to 770 million HKD [22] - The number of commercial buildings & facilities covered reached 8,220 [22] - Over 12,000 enterprise customers are using 2Gbps & Above GigaFast Broadband [22] - New contract value acquired for Biz-In-Motion and Shop-in-a-Box solutions reached over 250 million HKD [30] Residential Solutions - Residential core telecom revenue increased by 2% year-over-year to 2.027 billion HKD [24] - Residential ARPU increased by 2% year-over-year to 186 HKD [24] - Residential ARPH increased by 5% year-over-year to 217 HKD [24] - The number of GigaFast Broadband customers (2Gbps & Above) reached over 95,000 [24] - Total homes passed increased by 2% year-over-year to 2.65 million [24] Network Security - Network Security Solutions contract value increased 3.3x vs FY2024, reaching over 188 million HKD in FY2025 [51]

RESULTS PRESENTATION OCTOBER 31, 2025 DISCLAIMER This presentation contains forward-looking statements that involve risks and uncertainties. These statements are generally indicated by the use of forward–looking terminology such as "believe", "expect", "anticipate", "estimate", "plan", "project", "target", "may", "will" or other similar words that express an indication of actions or results of actions that may or are expected to occur in the future. You should not place undue reliance on these forward-looki ...

Financial Performance - Underlying profit before tax increased by 9% year-over-year at constant currency, driven by a 5% growth in operating income[4] - Wealth Solutions achieved a record quarter, with income up 27% year-over-year at constant currency, supported by strong performance in Investment Products[4] - Global Banking income rose by 23% year-over-year at constant currency, supported by strong origination and distribution volumes[4] - The company is upgrading its 2025 income growth guidance to be towards the upper end of the 5-7% range[4] - The company now expects to deliver an underlying Return on Tangible Equity (RoTE) of around 13% in 2025, exceeding previous guidance and accelerating delivery by a year[4] Key Metrics - Underlying RoTE was 13.4%, up 260 basis points year-over-year[7] - The income-to-cost jaws were positive at 1%[8] - The CET1 ratio was 14.2%, down 18 basis points quarter-over-quarter[9] - Tangible Net Asset Value (TNAV) per share was 1,684 cents, up 4 cents quarter-over-quarter[10] Expenses and Credit Quality - Operating expenses increased by 4% year-over-year at constant currency, driven by targeted business investments[11] - Credit impairment was $195 million[6] - The loan-loss rate was 24 basis points in the quarter[20]