UNAUDITED PRO FORMA FINANCIAL INFORMATION OF THE ENLARGED GROUP The unaudited pro forma financial information (the “Unaudited Pro Forma Financial Information”) presented below is prepared to illustrate the financial effect on the financial performance and financial position of the Enlarged Group as if the ARA Acquisition had been completed on (i) 1 January 2021 in respect of the unaudited pro forma consolidated statement of profit or loss and other comprehensive income of the Enlarged Group; and (ii) 31 December 2021 in respect of the unaudited pro forma consolidated statement of financial position of the Enlarged Group. The Unaudited Pro Forma Financial Information has been prepared by the Directors for illustrative purposes only and because of its hypothetical nature, it may not purport to present the true picture of the financial effects on the financial performance and financial position of the Enlarged Group that would have been attained had ARA Acquisition been completed on the dates indicated herein. Furthermore, the Unaudited Pro Forma Financial Information does not purport to predict the Enlarged Group’s future financial performance and financial position. The Unaudited Pro Forma Financial Information has been prepared in accordance with Rule 4.29 of the Listing Rules for the purpose of illustrating the effect of ARA Acquisition as if ARA Acquisition had been completed on (i) 1 January 2021 in respect of the unaudited pro forma consolidated statement of profit or loss and other comprehensive income of the Enlarged Group; and (ii) 31 December 2021 in respect of the unaudited pro forma consolidated statement of financial position of the Enlarged Group. The unaudited pro forma consolidated statement of financial position of the Enlarged Group is prepared based on the audited consolidated statement of financial position of the Group as at 31 December 2021 as extracted from the Group’s consolidated financial statements for the year ended 31 December 2021 as set out in this annual report and the audited consolidated statement of financial position of the ARA Group as at 31 December 2021 as extracted from the audited consolidated financial statements of the ARA Group, after making pro forma adjustments relating to ARA Acquisition that are (i) directly attributable to the Transaction and (ii) factually supportable, as if ARA Acquisition had been completed on 31 December 2021. The unaudited pro forma consolidated statement of profit or loss and other comprehensive income of the Enlarged Group is prepared based on the audited consolidated statement of profit or loss and other comprehensive income of the Group for the year ended 31 December 2021 as extracted from Group’s consolidated financial statements for the year ended 31 December 2021 as set out in this annual report and the audited consolidated statement of profit or loss and other comprehensive income of the ARA Group for the year ended 31 December 2021 as extracted from the audited consolidated financial statements of ARA Group, after making pro forma adjustments relating to ARA Acquisition that are (i) directly attributable to the Transaction and (ii) factually supportable, as if ARA Acquisition had been completed on 1 January 2021. The Unaudited Pro Forma Financial Information should be read in conjunction with other financial information included elsewhere in this annual report. E S R C A Y M A N L I M I T E D A N N U A L R E P O R T 2 0 2 1 241
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