Under the Banyan Tree

The following analyst(s), who is(are) primarily responsible for this document, certifies(y) that the opinion(s), views or forecasts expressed herein accurately reflect their personal view(s) and that no part of their compensation was, is or will be directly or indirectly related to the specific recommendation(s) or views contained in this research report: Frederic Neumann, Corey Chan and Evan Li

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Additional disclosures

1. This report is dated as at 06 July 2023.
2. All market data included in this report are dated as at close 04 July 2023, unless a different date and/or a specific time of day is indicated in the report.
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