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This information is a marketing communication. The information does not constitute an individual investment recommendation or an offer to buy or sell securities or other financial instruments and is not subject to the legal regulations related to the independence of investment research (financial analysis). It is therefore considered marketing material. It is only intended to make it easier for the readers to make an independent investment decision and does not replace investment advice that is tailored to investors and investments.

This showcase has been commissioned and paid for by JPMorgan Asia Growth & Income plc and has not been prepared in accordance with legal requirements designed to promote the independence of investment research. It is not investment research and should not be construed as such. It has been commissioned by JPMorgan Asia Growth & Income plc and prepared and issued by Shareflix Limited (Curation Connect), in consideration of a fee payable by JPMorgan Asia Growth & Income plc. Fees are paid in cash without recourse. Curation Connect may seek additional fees for the provision of content and related IR services for the client, but does not get remunerated for any investment banking services.

Accuracy of content: All information used in the publication of this showcase has been compiled from publicly available sources that are believed to be reliable, however we do not guarantee the accuracy or completeness of this showcase and have not sought for this information to be independently verified. Opinions contained in this showcase represent those of Curation Connect at the time of publication. Forward-looking information or statements in this report may contain information that is based on assumptions, forecasts of future results, estimates of amounts not yet determinable, and therefore involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of their subject matter to be materially different from current expectations.

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No personalised advice: The information that we provide should not be construed in any manner whatsoever as, personalised advice. Also, the information provided by us should not be construed by any subscriber or prospective subscriber as Curation Connect's solicitation to effect, or attempt to effect, any transaction in a security. The securities described in the report may not be eligible for sale in all jurisdictions or to certain categories of investors. Capital is at risk. Investments in securities are inherently speculative and involve a risk of loss, including the potential loss of the entire investment. Past performance is not a reliable indicator of future results. Readers should seek independent financial advice before making investment decisions.

Investment in securities mentioned: Curation Connect does not itself hold any positions in the securities mentioned in this report, nor the analysts who responsible for compiling this showcase. However, the respective directors, officers, employees and contractors of Curation Connect may have a position in any or related securities mentioned in this showcase, subject to Curation Connect's policies on personal dealing and conflicts of interest.

United Kingdom

This document is prepared and provided by Curation Connect for information purposes only and should not be construed as an offer or solicitation for investment in any securities mentioned or in the topic of this document. A marketing communication under FCA Rules, this document has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. This Communication is being supplied to you solely for your information and may not be reproduced by, further distributed to or published in whole or in part by, any other person.

United States

Curation relies upon the "publishers' exclusion" from the definition of investment adviser under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. This showcase is a bona fide publication of general and regular circulation offering impersonal investment-related advice, not tailored to a specific investment portfolio or the needs of current and/or prospective subscribers. As such, Curation Connect does not offer or provide personal advice and the research provided is for informational purposes only. No mention of a particular security in this report constitutes a recommendation to buy, sell or hold that or any security, or that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.