External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

Equity Bottom-Up

Shanghai Kindly Instrument-H / Equity Bottom-Up

<ul><li>Steady growth in 1H22 despite COVID lockdown in Shanghai. Kindly’s major production base is in Jiading District, Shanghai which was seriously affected by the COVID lockdown during 2Q22.</li><li>The agent business is a new pillar of growth. The agent business mainly focuses on trading of cardiovascular imaging medical devices, which targets the same clinical department as interventional medical devices.</li><li>Efficient R&amp;D progress. In 1H22, Kindly Medical has obtained approvals of four Class III medical devices and two Class II medical devices.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Steady growth in 1H22 despite COVID lockdown in Shanghai. Kindly’s major production base is in Jiading District, Shanghai which was seriously affected by the COVID lockdown during 2Q22.The agent business is a new pillar of growth. The agent business mainly focuses on trading of cardiovascular imaging medical devices, which targets the same clinical department as interventional medical devices.Efficient R&amp;D progress. In 1H22, Kindly Medical has obtained approvals of four Class III medical devices and two Class II medical devices.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Kindly Medical (1501 HK) – Solid Growth Demonstrates a Rapid Recovery from COVID