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” , “anticipate”, “ intend”, “estimate

, 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” , “anticipate”, “ intend

historical facts. These statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “intend”, “estimate”, “continue” “plan” or other similar words. The

respect to our 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

and uncertainties. These include statements with respect to our corporate plans, strategies and beliefs and other statements that are not historical facts. These statements can be identified by the use

‐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

-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