‐looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in these materials that is not a statement of historical fact is a

measured at an amount equal to lifetime ECLs. ECLs on these financial assets are estimated using a provision matrix based on the historical credit loss experience, adjusted for factors that are specific to

these financial assets are estimated using a provision matrix based on the historical credit loss experience, adjusted for factors that are specific to the debtors and assessment of both the current and

corporate plans, strategies and beliefs and other statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect

is useful for or hinder to the operation of the SEC Office; (5) historical record of improper demeanor in the past of the REIT manager. In considering the facts according to the first paragraph, the

notes, for example: - The issuer must be clearly identified between the fact and the issuer’s opinions. In case where the issuer demonstrates a forecast rate of return, historical payout ratio and any

-year. Our 2022 performance was the best historical results for AAPICO Group since our inception and we expect our 2023 performance to be better than 2022. Yours sincerely, (Mr. Yeap Swee Chuan) Chairman

company's inventory turnover has improved in Q3/2024, and it aims to manage its inventory to return to the historical level of no more than 40 days shortly. Page 10 of 10 Management Discussion & Analysis Q3

[i] using historical price and trading volume of capital market product or historical market activity and [ii] forecasting future performance of securities and derivatives prices or market activity

risks and [ii] analyzing past and present performance so as to forecast future performance; “ technical analysis ” means an analysis by [i] using historical price and trading volume of capital market