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NOTES: ATTACHMENT 2: Consolidated Statements of Income (in million dollars, except per share amounts) for JLC Merchandising, Inc. for the period ending December 31

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NOTES: ATTACHMENT 2: Consolidated Statements of Income (in million dollars, except per share amounts) for JLC Merchandising, Inc. for the period ending December 31 2022 2023 Total Revenue (see Note #2) 2,240 2,681 Cost of Revenue (see Note #3) -1,745 -2,272 Gross Profit 495 409 Operating Expenses -252 -362 Operating Profit 243 47 Interest Payable Profit before Taxation Taxation Net Income for the Year -18 -32 225 15 -60 -4 165 11 1) The market value of the shares of the business at the end of the reporting period was $2.50 for 2022 and $1.50 for 2023. 2) All sales and purchases are made on credit. 3) The cost of sales figure can be analysed as follows: Opening Inventories Purchases (see Note #2) Closing Inventories Cost of Sales 2022 2023 241 300 1,804 2,378 2,045 2,678 -300 -406 1,745 2,272 4) At 31 December 2021, the account receivables stood at $223 million and the account payables at $183 million. 5) A dividend of $40 million had been paid to the shareholders in respect of each of the years. 6) The business employed 13,995 staff at 31 December 2022 and 18,623 at 31 December 2023. 7) The business expanded its capacity during 2023 by setting up a new warehouse and distribution center. 8) At 1 January 2021, the total of equity stood at $438 million and the total of equity and non-current liabilities stood at $638 million. ATTACHMENT 1: Consolidated Statements of Financial Position for JLC Merchandising, Inc. as of 31 December (amounts in million dollars, except per share amounts) 2022 2023 ASSETS Current Assets Inventories 300 Account Receivables 240 Cash at Bank 4 Non-Current Assets Land and Buildings 381 Fixtures and Fittings 129 427 160 Total Assets 1,054 1,266 LIABILITIES Current Liabilities Accounts Payable 261 354 Taxation 30 2 Short-term borrowings (all bank overdraft) 0 76 Non-Current Liabilities Borrowings - 9% loan notes (secured) 200 300 Total Liabilities 491 732 EQUITY $0.50 ordinary shares (see Note #1) 300 300 Retained Earnings KAPWING Total Liabilities and Equity 1,054 1,266

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