PROPOSAL FOR THE REPURPOSING OF THE FORMER TERMINAL

PROPOSAL FOR THE REPURPOSING OF THE FORMER TERMINAL AT LARNACA INTERNATIONAL AIRPORT Proponents: IMC International Merchandising Centre Ltd C. D. F. C. Commercial and Development Finance Company Ltd Strategic Partners: MCC International Incorporation Ltd China Cross Border Investment Co Ltd Primacapital Partners China National Complete Plant Import Export Corp. Ltd (COMPLANT) Euro Med TDS GCC General Constructions Company Ltd Business Global Expo Online Ltd 10/01/2022 1

INTRODUCTION 10/01/2022 2

Strategic Location of Cyprus �At the cross roads of three continents �Access to more than 50 countries with nearly 800 m. consumers, within a flight distance between 1 -3 hours �The Eastern Gate of the European Union, nearest EU member country to the Middle East and North Africa �Member of the Euro zone 10/01/2022 3

Airports within 5 hours flight time Cyprus a strategic location at the crossroads of three continents 10/01/2022 4

Advantages of Cyprus as an International Business Destination �Friendly political and commercial relations with all its neighbours � Stable open market economy �Excellent Infrastructure �Western Type democracy �Favourable FDI Climate �Exceptionally Competitive Tax Regime 10/01/2022 5

International Trade Statistics World Exports 2014 US($) 18. 8 trillion Middle East Exports 2014 US($) 1. 3 trillion Middle East Imports 2014 US($) 1. 1 trillion Source: ITC Calculations based on UN COMTRADE Statistics 10/01/2022 6

Significant increase in Exhibition Floor Space between 2006 -2011 Source: UFI World Map 10/01/2022 7

Additional Indoor Exhibition Space 2006 -2011 Source: UFI World Map 10/01/2022 8

Average number of exhibitors per exhibition: 453 Average number of visitors per exhibition: 34, 097 10/01/2022 9

Pricing of a typical 12 m 2 Pavilion 10/01/2022 10

1. INDICATIVE CONCEPT AND PHASING PLAN 10/01/2022 11

The Proposal The repurposing of the former terminal of the Larnaca Airport into the: Larnaca Airport International Exhibition and Merchandising Centre, aiming at matching the business needs of international export oriented companies and organisations with those of trade buyers from the Middle East, North Africa and Southern Europe 10/01/2022 12

The Proponents �IMC International Merchandising Centre Ltd, a company with long experience in the organisation of International Exhibitions and the operation of Merchandising Centres �A Subsidiary of CDFC Commercial and Development Finance Company Ltd, a company with over 45 years experience in Property Management, Property Development, Investment Appraisal, Financial Services, Business Development and International Trade 10/01/2022 13

…. and their Strategic Partners �MCC International Incorporation Ltd, a Chinese conglomerate with vast experience in EPC Contracting and ready to secure financing for the Project �China Light Industry Cross-border Investment Co Ltd (CLIBIZ), subsidiary of CNLIC, representing 650, 000 Chinese companies, with combined exports in excess of $900 bn. �Primacapital Partners, a leading cross border investment banking and private equity firm, with involvement and experience in the repurposing of buildings of EXPO in Shanghai. 10/01/2022 14

…. and their Strategic Partners 2 �China National Complete Plant Import Export Corp. Ltd (COMPLANT), a Chinese conglomerate covering various industries �Euro-Med TDS, an organisation under the patronage of the European Commission and Council, with more than 8 m. members companies from Europe and the Mediterranean �GCC, General Constructions Company Ltd, an “A” class engineering and construction business, pioneering in its field for over 60 years and offering comprehensive construction services via traditional or design and build procurement. �Business Global Expo Online Ltd, a pioneer in the online exhibitions industry, owning and operating a global network of 200+ interconnected business portals 10/01/2022 15

Preliminary master plan – Phase 1 �Preliminary master plan drafted by Michael Redd and Associates, a leading American firm of Town and Master planners �Utilizes the full plot area of 279, 000 m 2 �First Phase of the Project to be completed within 4 years (from Building Permit) �Buildable area Phase 1: 99, 045 m 2, �Building coefficient Phase 1: 0. 355: 1 �Required building coefficient at completion 0. 60: 1 (to enable the Project to adjust to future needs in a dynamic and changing industry) 10/01/2022 16

Preliminary Master Plan – Phase 1 10/01/2022 17

Licensing Time Table 14 months needed from Agreement to Building Permit 10/01/2022 18

Construction Time Table – Phase 1 COMPONENT YEAR 1 YEAR 2 International Exhibition Centre 13, 700 m 2 9, 500 m 2 YEAR 3 YEAR 4 TOTAL 23, 200 m 2 International Merchandising Centre 18, 000 m 2 12, 000 m 2 18, 000 m 2 48, 000 m 2 Conference Hotel 300 rooms 100 rooms 400 rooms Hotel Shopping Arcade/Business Centre 4, 800 m 2 4, 000 m 2 Warehouse 6, 000 m 2 6000 m 2 Container Loading Unloading area 6, 500 m 2 Infrastructure 10/01/2022 100 % 100% 19

Outline Project Description �International Exhibition Centre (23, 200 m 2) �International Merchandising Centre (48, 000 m 2) �Conference Hotel (17, 000 m 2, 300 rooms with option to expand to 400) �Hotel Shopping Arcade and Business Centre (4800 m 2) �Warehouse (6, 000 m 2) �Container loading and unloading area �Not calculating basement areas used for warehousing, plant and equipment and data Centre purposes 10/01/2022 20

International Exhibition Centre �Immediate Refurbishment of the Old terminal Building (13, 700 m 2) to international exhibition standards within a year from building permit � Construction of 2 additional pavilions (in total 9, 500 m 2) in Year 2 �To house short duration revolving thematic exhibitions �Choice of participation in Individual Pavilions or Groupage �NLA 17, 400 m 2 plus minor entertainment and business facilities �Construction: Combination of steel and reinforced concrete 10/01/2022 21

International Exhibition Centre 10/01/2022 22

International Merchandising Centre (Permanent Exhibition) �To be built at the long strip running parallel to the Makenzie Road �Permanent display of products by Chinese, European and International exporters for the benefit of regional and international trade buyers � 48, 000 m 2 in 8 identical two floor pavilions of 3000 m 2 each or alternatively 45, 000 m 2 in 5 three pavilions (2 plus basement) �The first three pavilions to be ready at the end of Year 2, two more by the end of Year 3 and the final three by Year 4 �On completion of Phase 1: NLA 36, 000 m 2 �Both Individual Pavilion and Groupage participation options 10/01/2022 23

International Merchandising Centre (Permanent Exhibition) 10/01/2022 24

Permanent Exhibition: Individual Pavilions �NLA 25, 900 m 2 �Showrooms of Various Sizes �Minimum Rental Period: 6 months �Display, Sampling and Sampling on a duty free basis from stocks kept locally �Larger orders to be serviced from the exhibitors’ base or other manufacturing or warehousing facilities �Wholesale of products to local traders on a duty paid basis �Need for employment of full time resident employees (working visa to be facilitated by the Centre) 10/01/2022 25

Permanent Exhibition: Groupage Pavilions �Ideal for smaller companies that do not wish or cannot afford individual showrooms �NLA 8, 000 m 2 �Operated by trained personnel supplied by the Centre �Exhibitors to be grouped in themed showrooms �Display of Products, distribution catalogues and price lists, administration of sales based on individual agreements with exhibitors 10/01/2022 26

Permanent Exhibition: Retail Area �Net Area of 1, 500 m 2 �Enabling trade visitors to purchase centrally duty paid samples, without having to go through multiple bureaucratic and time consuming processes �Also enabling small traders to purchase an assortment of products from multiple suppliers 10/01/2022 27

Warehouse/Logistics Facility � Located next to the International Merchandising Centre � Initially designed to cover an area of 6, 000 m 2 with the provision to rent a much larger warehouse in the former Larnaca Free Zone Area � It seems that there is no such availability in the Former Larnaca Free Zone Area � The master plan has to be readjusted for two warehouses of 12, 000 m 2 each (total 24, 000 m 2) which shall operate as separate profit Centres � Suitable for palletized warehousing and equipped with the latest IT technology for order picking and execution of orders � Primary use the quick and on the spot execution of orders � The first 12, 000 m 2 to be completed in Year 2 and the remaining 12, 000 m 2 in Year 4 � Build Quality: Reinforced concrete for the Foundation slap and Steel construction from the rest. 10/01/2022 28

Conference Hotel �Luxurious 4 star Hotel � 300 rooms by Year 2, Provision for an extension of 100 rooms �Offering multiple entertainment, catering and conference facilities �Ideally located for both exhibitors, trade visitors as well as airport transit passengers �Build Quality: Reinforced concrete 10/01/2022 29

Conference Hotel, Hotel Shopping Arcade and Business Centre 10/01/2022 30

Hotel Shopping Arcade and Business Centre �Interconnected with the Conference Hotel �built up Area of 4, 800 m 2 on two floors �Ground Floor Shopping Arcade, satisfying basic needs of business traveler � 1 st Floor Serviced Business Centre �Offering to tenants, secretarial, legal, accounting, shipping and forwarding and clearing services etc. �Build Quality: Reinforced Concrete for the Foundation and slap and steel construction for the rest 10/01/2022 31

Integration with the Airport Activities �Proximity with the Larnaca International Airport ideal for the establishment of an International Exhibition and Merchandising Centre �Both Exhibitors and Trade Visitors can optimize their time of stay in Cyprus �Operation of a Conference Hotel beneficial to the Airport. �Suitable also as an Airport Hotel �Expected to bring additional passenger traffic to the airport and create the need for direct flights to additional destinations �State of the art Business Centre may lead also to short duration additional passenger traffic for the Airport from business people choosing to hold their meetings there 10/01/2022 32

Wider Benefits for Larnaca and the Cyprus Economy 1 �Direct employment opportunities for more than a thousand persons and indirect opportunities for many more thousands due to spin off products and professional service providers �Bring Additional Traffic to the Larnaca International Airport �Give a boost to the Hotel industry of Larnaca, as the capacity of the Conference Hotel will only be able to satisfy 15% of the total demand �A percentage of the exhibitors and trade visitors might be attracted to set up base in Cyprus, generating a multiplier effect of economic activity 10/01/2022 33

Wider Benefits for Larnaca and the Cyprus Economy 2 �Some of them might decide to prolong their business trip to Cyprus and take a few days of (maybe with their spouses) as tourists �Not in competition but complementary to local businesses, as local businessmen might choose to purchase their stock from suppliers exhibiting at the Centre, instead of travelling all over the world and having to satisfy minimum order quantities �Via its operation and global exposure, the Centre shall help the efforts of the Government in branding Cyprus as a regional and an international business Centre and help attract FDI into the Cyprus Economy 10/01/2022 34

2 A. PREFERED FINANCIAL STRUCTURE AND RETURN TO THE REQUESTOR 10/01/2022 35

Proposed Structure to Undertake the Project � Following further negotiations with our strategic partners, we are now proposing, instead of forming an SPV to undertake the Project, IMC International Merchandising Centre Ltd, a subsidiary of C. D. F. C Commercial and Development Finance Company Ltd to own and operate the Project. � The Company, which has a net worth of approximately € 50 m. , shall proceed, via private placement with an issue of new shares of € 25 m � The Proponents have no doubt that the issue shall be oversubscribed. � There is already via a LOI commitment from CNLIC to acquire at least € 10 m. and from GCC for € 7. 5 m. Other Strategic partners have also declared their interest to acquire shares in IMC � Out of the € 25 m. To be raised, € 20 m. Shall be allocated to finance part of the Investment required in the Project 10/01/2022 36

TOTAL CAPITAL EXPENDITURE PHASE 1 ITEM Refurbishment of Existing Buildings PER M 2 in € M 2 TOTAL in € € 600 13, 700 € 8, 220, 000 Extension International Exhibition Centre € 1, 000 9, 500 € 9, 500, 000 International Merchandising Centre € 1, 000 48, 000 € 48, 000 Conference Hotel € 1, 300 15, 000 € 19, 500, 000 Business Centre/Shopping Arcade € 1, 300 4, 800 € 6, 240, 000 Logistics Centre € 2, 000 Infrastructure € 2, 000 TOTAL 10/01/2022 € 96, 460, 000 37

Investment Requirements �The total CAPEX for Phase 1 of the Project is € 95, 460, 000 �The total financing required is € 67, 460, 000 �The required financing is expected to be secured as follows: �Increase in Equity of IMC (main Proponent) € 20 m. �Contractors Credit (60% of CAPEX for new Constructions) € 33. 1 m. . Commitment to provide contractors finance declared by main EPC contractors with a LOI (COMPLANT, MCC) �Bank Loan/Finance € 14. 3 m. repayable in 10 years with a 4% Interest (LOI from Primacapital partners to assist) 10/01/2022 38

Requestors Financial Benefit � 99 year Lease Agreement �Annual License Fee payable to the Requestor Quarterly once the building permit for Phase 1 of the Project is secured as follows: �€ 1, 000 for the first year �€ 3, 000 for the second year � 2% increase per annum thereafter �€ 895, 499, 152 total cash payments over the 99 year License period �NPV equal to € 90, 9 m. with 5% discount factor and € 180. 5 m. with a 3% discount factor 10/01/2022 39

2 B. Business Plan and Financial Projections 10/01/2022 40

Basic Assumptions 1 �Total CAPEX: € 95. 5 m subject to concept finalization �Initial Working Capital: € 2 m � Contractors Finance: 60% of all costs for new construction, repayable in 10 years (one year grace period) at 4% interest rate �Own contribution by main proponent IMC of € 20 m, through an increase in its share capital of € 25 m. . Already secured € 17. 5 m via LOI �Additional Project finance of € 14. 1 m. . LOI from PCP and others to assist in securing it. Repayable in 10 years with 4% interest rate 10/01/2022 41

Basic Assumptions 2 � Permanent Exhibition � Rental Rates: 30% lower than those agreed with CLIBIZ for IMC � Occupancy Rates 70% Year 1, 80% thereafter, 10% lower than IMC � NLA: 36, 000 m 2 � Expected number of exhibitors (individual pavilions plus groupage): 5, 000 � Revolving Exhibitions � Conservatively budgeting for 10 Exhibitions per annum � Average Rental Rate of € 1, 000 for a typical 12 m 2 pavilion (Equivalent to € 69. 4 per m 2 per month) � Rental Rate a fraction of rental rates for similar international exhibition Centres � Occupancy Rate: 70% � Expected number of Exhibitors 800 10/01/2022 42

Basic Assumptions 3 �Business/Conference Hotel �Capacity 300 rooms, expansion potential to 400 �Occupancy Rates calculated based on: � Revolving Exhibition � 20% of Exhibitors , � 1. 5 persons per exhibitor, � average stay 10 nights person � Occupying 66 rooms � Permanent Exhibition � Out of the 5, 000 Exhibitors, it is expected that only 70 per day will be visiting their pavilions. Out of those only 20% are forecasted to stay in the Conference hotel � Occupying � 14 rooms 10/01/2022 43

Basic Assumptions 4 �Conference Hotel (continued) � Trade Visitors � No less than 1, 000 trade visitors expected per day � 20% to stay at the hotel � Occupying 200 rooms �Occupancy Rate 75% for the Year 1, 85% thereafter �Room Rate: € 100 per night �Not taking into account any additional demand from transit passengers of the airport 10/01/2022 44

Basic Assumptions 5 �Business Centre/Hotel Shopping Arcade �Total NLA: 4, 320 �Various Packages for Short Term, Medium Term and Long term Leases �Full package for supportive services �Rental and Occupancy Rates � Short Term: € 400 per m 2 per month, 70% occupancy � Medium Term: € 200 per m 2 per month, 70% occupancy � Long term: € 75 per m 2 per month, 100% occupancy 10/01/2022 45

Profit & Loss Year 1 -11 10/01/2022 46

EBITDA • Positive EBITDA of € 3 m. in the first year of operations, when only the first phase of the revolving exhibition will be operational • Increasing to € 16. 1 m. in the second year of operations, when fist phase of Permanent Exhibition becomes operational • Reaching € 28. 8 m. at the fourth year operations and rising moderately thereafter 10/01/2022 47

Profitability �The Company is expected to suffer losses during the year prior to the commencement of operations of € 1. 4 m. �Losses of € 3. 4 m. are also expected for the first year of operations, since only a small part of the Project shall become operational �From the third year of operations profits are rising rapidly, reaching € 18 m. in year four of operations and rising moderately thereafter. 10/01/2022 48

Cash Flow 10/01/2022 49

Financing 10/01/2022 50

Repayment of loans �Once the Project becomes fully operational, healthy cash flows shall be generated �Repayment of loans can be achieved even faster than Projected in the business plan of the Project �In fact, future expansion shall be financed from internally generated cash flows 10/01/2022 51

3. TECHNICAL AND FINANCIAL CAPACITY OF THE PROPONENTS TO UNDERTAKE THE Project 10/01/2022 52

Introduction 1 �The Proponents in cooperation with their Strategic partners demonstrably have: � The technical expertise as well as � The Financial Capacity to undertake the Project �The proponents have supplemented their own significant experience with the participation of MCC and COMPLANT (two of the largest conglomerate contractors) and GCC as their local associates. �MCC and COMPLANT also declared its intention to provide Contractors Finance and GCC its commitment to participate in the increase of the share capital of IMC by € 7. 5 m. 10/01/2022 53

Introduction 2 �Primacapital Partners, the company that undertook part of the repurposing of the buildings of the Expo 2008 in Shanghai and a leading investment banker and private equity firm is committed to offer its expertise and assist in raising part of the required finance �The COMPLANT Group, which has over the years completed numerous Projects of similar size and nature have signed a LOI to invest in the Project and/or undertake the operation of the Hotel �The participation of CLIBIZ and Euro-Med TDS, each with their own huge network of members and associates shall greatly assist the efforts of the Proponents to attract both the required numbers of Exhibitors and Trade Visitors to the Centre. CLIBIZ has already declared its interest to invest at least € 10 m. in the increase of the share capital of IMC 10/01/2022 54

IMC to own and run the Project � IMC and its strategic partners jointly decided, instead of creating an SPV for the repurposing of the former Terminal Building of Larnaca International Airport, to nominate IMC as the Main Proponent � The main reasons for this change of course were: � The synergies and complementary nature between the proposed Project at Larnaca Airport and the Strategic Partnership Agreement to establish the IMC Euro China Trade Centre and Permanent Exhibition at the IMC Building at the entrance of Nicosia � The avoidance of competition between the two � The need of additional space to cover the exhibition needs of the remaining product categories of CLIBIZ, not covered at the Nicosia IMC Centre � The time limitations and complexity in forming an SPV � The existence of an established company with a track record of successfully organizing international Exhibitions and which has a very strong balance sheet with a net book value of approximately € 50 m. and very low leveraging. 10/01/2022 55

IMC International Merchandising Centre Ltd � The owner and operator of the largest exhibition Centre in Cyprus (20, 000 m 2) � Strategic Partnership agreement since October 2015 with China Light Industry Council (CNLIC), to establish the IMC Euro China Trade Centre and Permanent Exhibition at the IMC Building in Nicosia. � Expected to open September 2016 � Agreement within the framework of the “One Belt One Road” initiative � CNLIC an umbrella organisation for about 650, 000 businesses with exports of $900 bn per annum � Purpose: to enable small and medium traders from Europe and the wider region of the Middle East and North Africa to select and procure from a variety of Chinese Light Industry products from a single location, in close proximity to their base � IMC is a Subsidiary of CDFC which directly and Indirectly controls 90, 9% of IMC. The remaining 9. 1% is owned by A. Kaisis personally 10/01/2022 56

IMC International Merchandising Centre Ltd 2 �IMC to capitalize its current reserves (€ 50 m. ) �Increase its Share Capital to € 75 m. �€ 25 m. new shares to be offered via private placement to strategic partners and other investors �€ 20 m. of the cash flow generated from the new issue of shares to cover part of the financing needs of the Project for the Repurposing of the former Terminal Building of Larnaca International Airport 10/01/2022 57

CDFC Commercial and Development Finance Company Ltd �The controlling shareholder of IMC �Established since 1970, �Current net worth in excess of € 100 m. �In the process of listing on the CSE �Since 1971 Approved Financial Institution �Established Yialousa Savings Bank, later Universal Savings bank, today USB 10/01/2022 58

CDFC Commercial and Development Finance Company Ltd �Played a critical role in the 1970 s and 1980 s in the revitalization of the Cyprus Economy by financing and participating in Projects in the fields of: Ø SMEs Trading Ø Manufacturing Ø Property and Hospitality and Tourism Ø Third Party Finance Ø Investment Appraisal Ø Business Development Ø International Marketing 10/01/2022 59

CDFC Commercial Development and Finance Company Ltd 2 �Main Tourism Projects include: Ø Paphos Beach Ø Diane Tourism Residential Village Ø Lordos Hotels Holdings (Equity Participation & Business Development) Ø Mediterranean Holiday Resorts (Equity Participation & Business Development) Ø Hilton Hotel (A. Kaisis major Shareholder and Chairman during the extension of from 96 to 270 rooms) 10/01/2022 60

CDFC Commercial Development and Finance Company Ltd 3 �Main Shareholder of: Ø Fortune Health Resorts Ltd Ø IMC Euro China Trade Centre & Permanent Exhibition Ø The Expo Online Global Network 10/01/2022 61

MCC International Incorporation Ltd �A giant Chinese conglomerate �Operates under the direct supervision of the State Assets Supervision and Administration Commission under the State Council of China �Core Businesses: �EPC Contracting �Resource Development �Equipment Manufacturing �Real Estate Development �Turnover US($) 36 bn. �Owns 130 subsidiaries and branches all over the world �Participates in 26 Joint Ventures � 120, 000 employees �Won numerous awards in China and Overseas 10/01/2022 62

MCC -Strong Technical Capacity and profound Experience in: �Metallurgical Projects �Theme Parks �Stadiums & Venues �Infrastructure Construction �Steel Structures �High-end Buildings and Housing �Commercial Developments �Environmental Projects 10/01/2022 63

MCC Ranks � 354 th of the Fortune Global 500 � 23 rd of the Fortune 500 in China � 760 th of the Forbes 2, 000 Leading companies � 10 th of the Engineering News – record top 250 Global Contractors � 68 th of the top 250 International Contractors 10/01/2022 64

MCC Role in the Project �Signed LOI for participation in the Project as: Ø Main EPC Contractor Ø Assist in Securing third party Finance Ø Provider of Contractors Finance Ø To Prefabricate and fix all the main structures 10/01/2022 65

China Light Industry Cross-border Investment Co Ltd �The Investment arm of the China National Light Industry Council, the largest Chinese trade organisation, representing 650, 000 members exporting US($) 900 bn. annually �Strategic Partnership for the Establishment of IMC Euro China Trade Centre at the IMC building in Nicosia – 5 categories out of the 19 to be housed at IMC �In need for additional space to house the remaining product categories 10/01/2022 66

CLIBIZ signed two LOI’s �To Extend their Strategic Partnership agreement to include the Airport Project �Commitment to advise their members to use both the Permanent and Revolving Exhibition facilities �Convert Cyprus as their logistics Centre for the neighboring regions of Southern Europe, Middle East and North Africa �Even though the Project is not limited to Chinese Companies, the participation of CLIBIZ ensures that a significant percentage of the required occupancy rates can be achieved via their members �Commitment to invest at least € 10 m. in the new issue of shares of IMC 10/01/2022 67

LOI’s CLIBIZ 10/01/2022 68

Primacapital Partners �A leading cross border investment banking and private equity firm headquartered in China �With wide international experience, �Extensive network enabling clients and investors to capitalize in emerging opportunities in China and overseas �Core activities: Ø Cross Border Investment and M&A Ø Investment Exits for Private Equity Funds Ø International Market Expansion for Growth Stage Companies Ø M&A for Public Companies and Large Private Companies �Undertaken the Repurposing of one of the largest buildings of the EXPO 2008 in Shanghai 10/01/2022 69

PCP Role in the Project �Establish a Special Purpose Fund to participate in the Project �Secure additional funds to those to be invested via MCC �Provide all possible assistance for the timely completion of the Project 10/01/2022 70

COMPLANT Group �Registered Share Capital: 1, 014 billion RMB �A wholly owned subsidiary of the State Development and Investment Corporation (SDIC) �Core Activities: Ø International Cooperation Ø China aided foreign Projects Ø International Project Contracting Ø Labour Services Ø Complete Plant Export Related Business Ø Offshore Investment in and leasing operation of overseas sugar Projects Ø International Market Exploration and Investment 10/01/2022 71

COMPLANT Group 2 �Has established partnerships with governments and industry and commercial sectors with over 100 countries and regions �Has successfully completed over 1, 500 large and medium scale Projects among others in the fields of: Ø Construction Ø Infrastructure building Ø Petrochemicals Ø Coal Mining Ø Sugar Productions 10/01/2022 72

COMPLANT’s Role in the Project �LOI 18/3/16 Interested to participate: �As an Investor �Owner/Operator of the Hotel �LOI 14/4/16 � 10 Year Procurement Finance for all prefabricated structures, as well as features and fittings from China 10/01/2022 73

Euro-Med TDS �A transnational organisation created in 1998 by various National Chambers of Commerce and Federations of Entrepreneurs of countries of the Mediterranean Region �Goal to facilitate and create business opportunities among the business communities in the Mediterranean Region by Ø Overcoming trade barriers Ø Promoting economic activity Ø Fostering common actions for the use of Information Technology �In cooperation and partnership with the European Union, Governments and local authorities �Can play a significant role in the promotion of the Centre to both international trade visitors and exhibitors among its millions of affiliated members 10/01/2022 74

General Construction Company Ltd �Leading Construction Company founded in 1947 �Extensive pool of human resources including: Ø Architects Ø Civil Engineers Ø Quantity Surveyors �Self sufficient in Machinery and Equipment �Extensive Experience with clients varying from the public and private sectors the British Sovereign Bases, and other Authorities �Operating also in Saudi Arabia for over 36 years and Oman 10/01/2022 75

General Construction Company Ltd Major Projects Ø Nicosia Municipality Theater Ø The Original Ledra Palace Hotel Ø Forest Park Hotel Ø Nicosia International Airport Ø The Levention Museum Ø High-Tech Buildings and Schools Ø Factories 10/01/2022 Ø Bank Premises Ø Hotels Ø Airport technical Buildings Ø Hangars Ø Road Works Ø Commercial and Tourist Developments Ø Irrigation Works Ø Grain Silos Ø Private Houses 76

GCC Role In the Project �Local Subcontractor to the main EPC Contractor �Interest to acquire 10% of the total share capital of IMC (€ 75 m. after the issue of new shares) �Offer technical assistance and expertise at the licensing, designing and construction of the Project 10/01/2022 77

Business Global Expo Online Ltd �A pioneering ICT Company which literally created the Online Exhibition Industry. �Owner of a Global Network of 200+ National Business portals powered by a central platform �All portals have the same domain name of the Expo. Online. com preceded by the country or region state name e. g. Cyprus. Expo. Online. com �Using State of the art technology, it recreates the concept of physical exhibitions online, among others providing regional and global awareness and promotion to the international exhibition industry and e-commerce organizations, at a fraction of the cost of using traditional tools 10/01/2022 78

Business Global Expo Online Ltd New Business Opportunity �Business Global Expo Online Ltd is in negotiations with a leading Chinese e-commerce company interested to establish in Cyprus their regional Logistics and Order Processing Centre �In need of 25, 000 m 2 of space �Location of former Terminal Building Ideal �Not budgeted for in the Business Plan of the Project �Shall operate as a separate profit Centre 10/01/2022 79

Management Team � Andreas Kaisis, Business Man, Entrepreneur � Dr Stelios Kiliaris, Economist, Former Minister, Former Executive Director CBC � Frank Baynham, Town Planner � Maria Kaisis, Lawyer, Businesswoman � Christos Ktorides, former Director General TPD � Iacovos Constantinides, Economist, Business Consultant � Michalis Michael, Economist, Qualified Exhibitions and Trade Manager, former General Manager of CSFA � One Representative from each Strategic partner Collectively possessing all the required skills to implement and manage the Project 10/01/2022 80

4. CONCLUDING COMMENTS AND RECOMENDATIONS 10/01/2022 81

Concluding Comments �The proposed Project is a “perfect fit” for the location of the former Terminal Building of the Larnaca International Airport �The establishment of an International Exhibition and Merchandising Centre shall enhance the role of Cyprus as a regional business Centre and shall greatly benefit the Cyprus Economy �To the best of their ability, the Proponents took all necessary actions, in the limited time available since the publication of the RFP, to design and present to the Requestor a realistic and feasible Project, within the parameters and specifications set by the Requestor �If selected to proceed to the next stage of the evaluation process, the Proponents shall proceed with more precise and time consuming techno-economic feasibility studies, in order to optimize the concept design of the Project 10/01/2022 82

Concluding Comments 2 � The Proponents acknowledge that Larnaca Airport International Exhibition and Merchandising Centre needs to be able to adapt and upgrade in order to remain competitive in a rapidly changing and dynamic business environment. � It is impossible for the Proponents to forecast from now future needs. � The built up ratio of Phase 1 of the Project (as described in this presentation) shall be 0. 355: 1 � Phase 1 is well within the limits of the existing provision of the Larnaca Local Town Plan and the applicable Presidential and other Incentives which, cumulatively, lead to a permissible built up ratio of 0. 45+: 1 � The Proponents request the approval a built up ratio of 0. 60: 1 by the appropriate authorities to be incorporated as a condition of any agreement. This shall be utilized for future expansion of the Centre according to changes in demand or the need for the introduction of new products and services, aiming at maintaining the product positioning of the Centre as a state of the art International Exhibition and Merchandising Centre. 10/01/2022 83

Concluding Comments 3 � The Proponents commit that in case the built up ratio of 0. 60: 1 is approved the coverage ratio will not exceed 0. 30: 1 � In case the negotiations of Business Global Expo Online Ltd with the Chinese leading e-commerce service provider comes to a fruitful conclusion, then 25, 000 m 2 of built up area will be added to the First Phase of the Project � The Proponents identified and signed LOI’s with Strategic Partners of International Status, who possess the necessary technical skills to complement those of the Proponents, in order to successfully design, license, build and operate the Project � The Proponents have also received commitment from investors for most of the equity financing required to complete the Project � In case the Proposal is selected to proceed further in the evaluation process the Proponents shall proceed to convert the LOI commitments into final legally binding agreements 10/01/2022 84

Concluding Comments 4 � The Business Plan of the Project, based on rather conservative assumptions, clearly demonstrates the viability of the Project as well as the ability of the Proponent to service any debt and annual return to the Requestor � The Proponents proposed a clear method of financial return to the Requestor for the whole requested Lease Period of 99 years � With discount factor of 5% the NPV of the return to the requestor is € 90. 9 m. and with 3% € 180. 5 m. over the life cycle of the Project � We would like to clarify that the payment of the annual rental fee to the Requestor shall begin from the moment the Building Permit for Phase 1 of the Project shall be secured from the relevant authorities 10/01/2022 85

Concluding Comments 5 �The Proponents also request the prior commitment of the Government of the Republic of Cyprus that working permits for third country nationals shall be granted to cover specific needs of the Project: �It is clarified that such working permits refer to: �Supervising personnel of the EPC Contractor �A small number of specialized technicians required to supervise the assembly and installation of prefabricated buildings �Employees of foreign participants at the Permanent Exhibition �Translators if not a sufficient number is available locally 10/01/2022 86

Thank You We are now ready to offer any clarifications and/or additional information 10/01/2022 87