CONFIDENTIAL

Overview of auction process and key workstreams

Date Event Key workstreams

Mar 19, 2020 Commencement of Indicative Bid Phase  Provide detailed information to HappyHour for the information they
Release of Indicative Bid Documents have demanded
 Conduct initial due diligence based on Indicative Bid Documents
 Maintain Q&A log (not more than 20)
From 9am Apr 9, 2020 to Lodgment of Indicative Bid Questions  Conduct initial valuation analysis based on Indicative Bid
Round 1: 5pm Apr 13, 2020 (HKT) Documents
Indicative Bid
 Confirm buyer entity (if any co-investor)
Phase
 Initiate financing discussion
May 13, 2020 at 5pm(HTK) Indicative bid deadline  Confirm if any internal and regulatory approvals needed

Late May 2020 Release of Process Letter two If selected to Final Bid Phase, Following Workspace will take place:
Shortlisted Bidder will be chosen to progress to Final  Review of process letter 2;
Bid Phase  Review of data;
 Presentations from HappyHour’s management team;
 An additional question and answer process; and
 Transaction implementation documentation.

Round 2: Final
Bid Phase Late July 2020 Final Bid Deadline

 Submitting final bid involves all associated paperwork and anything else
required to accomplish a successful attempt of final bidding.