. Other Income Other income of the Company and its subsidiaries consists of agent fee income, interest income, gain on exchange rate and gain on short-term investment. For the year ended 31 December 2019

No. IIG 003/2020 11 November 2020 Subject: Management discussion and analysis for the 9 months ended September 30, 2020 Attn: Governors and President Market for Alternative Investment (MAI) I&I Group

the previous quarter. The main supporting factors were the return-to-expansion of export goods, private investment as well as a continual expansion of government expenditure. Meanwhile, the new wave of

the share of gain of investments in Seven Connect Advisory Company Limited (“7C”), an associate company in which the Company holds 46.73% shares. Consequently, in 6M2022, share of gain of investments in

com- pany in which the Company holds 46.73% shares, as well as the companies within 7C Group delivered fewer projects than usual during this period. Consequently, in 9M2022, share of gain(loss) of

private consumption and private investment. Private consumption grew notably in durable goods segment (especially in vehicles) while growth in non-durable and semi-durable goods contracted partly from the

expand largely from domestic demands contributed both from private consumption and private investment. Private consumption grew notably in durable goods segment (especially in vehicles) while growth in non

318 (37)% Net working capital and others1 273 (353) (177)% 77 128 (19) (498)% Income tax (105) (99) 6% (13) (4) (48) (73)% Operating Cash Flow 1,316 989 33% 265 405 250 6% Net growth and investment

investment in infrastructure 3.) growth in private consumption continues despite a lower rate of growth however, government subsidy to the low-income citizens could help stimulate near-term consumption

tightening of financial institutions in loans approvals due to the deteriorations in asset quality. Private investment contracted in the investment in construction from the decline in permitted construction