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_____________ () represent no. of deals (10) (10) (10) (10) (10) (10) (10) (10) (10) (10) (10) (10) Da te A c q u iro r / T a rge t T ra n s a c t io n V a l u e [M u lt ip l e P a id ] Co m m e n ts [to e] [to e] [Sizable, notable transactions] Source: SDC Mamp。 SDC Mamp。s stance and position] ? [Funding – more private sector capital] ? [Shift in distribution channel] ? others 1. Rely on news run, industry sector reports, discussions in pany annual reports HK000I5D 9/13/2020 4 Industry Primer – [ ] Key Drivers ? [Strong overall economic performance] ? [Infrastructure expansion] ? [Increasing consumer awareness] ? [Increase in construction work] ? [Increase in disposal ine] Tie back to the Industry Characteristics and Trends ____________________ Source: [ ] 051015201999A 2020A 2020A 2020A 2020A051015201999A 2020A 2020A 2020A 2020A051015201999A 2020A 2020A 2020A 2020A051015201999A 2020A 2020A 2020A 2020ADriver 1 Driver 2 Driver 3 Driver 4 Source: Industry reports, equity research on profiled panies HK000I5D 9/13/2020 5 Key Players and Market Share 70%60%50%40%30%20%10%5%10%20%30%40%50%60%0%10%20%30%40%50%60%70%80%A B C D E F G H I J K L M N O2 0 0 3 M a r k e t S h a r e 2 0 0 2 M a r k e t S h a r eIndustry Primer – [ ] Competitive Landscape ____________________ Source: