This material is prepared/provided by the issuer (the “Issuer”) solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any securities. It is intended only for the recipient, is confidential and may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Issuer’s prior written consent. The information is subject to change without notice and the Issuer has no obligation to update you and shall not be liable for any loss or damages arising out of any inaccuracy in the information.

This material is not intended for distribution, publication or use by any person in any jurisdiction outside Singapore or such other jurisdiction as the Issuer may determine in its absolute discretion, where such distribution, publication or use would be contrary to applicable law or would subject the Issuer or its associated persons or affiliates (collectively, “Affiliates”) to any licensing, registration or other requirements in such jurisdiction.

This material, by itself, is not and should not be construed as an offer or a solicitation to deal in any investment product or to enter into any legal relations. The information contained herein has been prepared to assist interested parties in making their own evaluation of a potential investment opportunity, but it does not purport to be all-inclusive or to contain all of the information a prospective investor may desire or require to make an investment decision.

All financial projections and forward-looking statements included in this document reflect various assumptions and expectations which may not be realized and which are subject to many inherent limitations, including business, economic and competitive uncertainties, and contingencies, many of which are beyond control, and which may or may not prove to be correct. These statements, including those relating to future financial expectations, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Past performance is not indicative of future results.

Recipients are advised to conduct their own independent evaluation and consult their own legal, tax, and financial advisors before making any investment decisions.