2Q 2026 / 1H 2026 Financial Results Media Briefing

Good morning and thank you for joining us. I think given the global environment remain uncertain, I think the countries, Lucas, Singapore, Ben generally I think South has quite easy which is very encouraging. And even on our side, we see healthy trade and investment flow, stronger connectivity for the China and ongoing supply chain shift into the region. As businesses look to ASEAN for growth and diversification, I believe we are continuing to well-position to support them. ASEAN is a home of our competitive advantage and our engine of growth. Over the years, we have built a different shift

to franchise with deep local, strong customer relationships, and value-added ecosystems. We will continue to invest in our growth drivers. Okay, let me just very briefly touch on three areas, wholesale banking, retail and our priorities. Our wholesale banking franchise continues to benefit from growing trade, investment and connectivity across ASEAN. As clients increasingly operate across multiple markets, our regional footprint is a key difference. ASEAN IV is key to contributing about 27%

of wholesale income and growing faster than it would. Insectial banking is a key pillar, contributing to nearly half of wholesale banking income. Trade loans grew over 30%, while wholesale cash-out deposits increased 9% year-on-year in the first half. We see encouraging momentum in foreign direct Southeast Asia with larger and more strategy. Over the past decades, foreign direct investment into ASEAN more than double, even as global foreign direct investment declined by above.

Through our FDI advisory unit, I've bought more than 300 cross-border deals into the region in the last six months, with projected investment totaling $5.6 billion. More than 60% of these investments are in industrial sectors, reflecting digitalization ongoing supply chain shift. These flows also create opportunities to deepen customer relationship across our retail and wealth businesses through our one bank approach. On the asset quality front, we are addressing a few legacy accounts,

Greater China Real Estate. These are well-provided for total credit costs remain within our guidance. In retail banking, we have one of the region's largest franchises. ASEAN 4 markets now contribute about 35% of retail banking income and are growing faster. The scale we have built strengthen our brand, deepen partnership, and enhances our ability to serve customers across markets. Our differentiated lifestyle solutions help us in customer acquisition and engagement. Our well-income, which every one of you are paying a lot of attention,

grew 16% year-on-year in the first half, with ASEAN 4 up 30%. Grove was particularly strong in Malaysia, 29% and Thailand, 8%. Now, looking ahead, we are focused on these growth priorities. First, to unlock the full value of franchise. With more than 8 million customers across ASEAN, the opportunity is to deepen and become the primary bank for more customers. Our new value proposition for our fluent and emerging and fluent customer is gaining traction. And we will continue to build on this momentum.

Second, to accelerate wealth growth, we see significant opportunities across our SMB and business owner sectors. And we are investing in talent, platform, and products while expanding our North Asia presence to support regional wealth growth. Our Strategic Distribution Partnership with Allianz, we just announced yesterday, will further support our growth ambitions. We will sharpen our focus on wealth advisory and distribution, by combining yield, customer reach, and advisory strength with Allianz investment capabilities. We will strengthen our wealth proposition.