COLOMBIA

1. COLOMBIA THE BEST PLATFORM FOR INVESTMENT MANUEL SALGADO FDI MANAGER OF PROCOLOMBIA

2. 39 years of a solid relationship • China is the second commercial partner of Colombia • Third largest investor of Asia in our territory • The government is 100% committed to strengthen its bilateral relations and commercial ties.

3. A vision to increase competitivity in Colombia Colombia is promoting the establishment of incentives to promote development in an equitable way through out the territory . Colombia is encouraging digitalization, automatization and modernization.

4. Colombia a market with favorable conditions And one of the 30 countries in the world that receives the most investment. It has access to 1.5 billion consumers. 3.5% 2.2% Latam and theCaribbean Colombia Since 2010 FDI has doubled.

5. Wide rangeofinvestment opportunities • INFRASTRUCTURE • RENEWABLE ENERGIES • CAPITAL FUNDS • CREATIVE INDUSTRIES Segments such as tourism, engineering services, equipment for the mining and oil industry, capital goods, and agri-food and consumer products, are one of the most attractive for international investors.

6. Success stories Companies that carry with their investment knowledge, experience and human resources to Colombia.

7. It is expected that by 2022, Colombiawill be among the top 20 exporting countries of services CREATIVE AND CULTURE ECONOMY Government Approach in the development of the creative industries 2010-2018 948% growth in EXPORTS of Industries 4.0 4° 3° USD $ 417 Million 2018 Country with the most skilled laborin South America Largest IT market in Latin America Source: Ministry of ICT -Exports reported to Procolombia

8. MAIN MARKETS AND EXPORTS SECTOR IN 2018 SECTOR 20% 38% 43% 11% Audiovisual and Digital Contents Software 5% 1% 25% 14% 4% Editorial and graphicCommunication 4% Health BPO WE EXPORT TO 81 MARKETS Source: exportsreportedto ProColombia

9. ICT Industries SECTORS Thatwepromote Data Center Shared Services Centers Outsourcing of services (BPO, KPO, ITO) Health services Graphic and Editorial Communication • Creative and digital industries: • Video game • Audiovisual • Digital marketing Music and Performing Arts Software and IT CREATIVE AND CULTURE ECONOMY

10. Outsourcing ofservices • Mainverticalsserviced in Colombia. • Participation%. 2018 • Colombia accounts for 13,4% of the contact center sales in the region. • According to Frost & Sullivan, Colombia has the most competitive average hour cost in the region. • Telecommunications 40% The service offered in Colombia is bilingual: English –Spanish and also French and Portuguese. Banks and Finance 20% • Health • 7,3%

11. Software and IT • Colombia positioned itself as the fourth largest IT market in the region along with Brazil, Mexico and Chile • In 2018, The IT industry in Colombia grew 10% compared to the previous year • Colombia offers a huge diversity of specialized IT solutions: • Fintech • E health • Agribusiness • Oil & Gas • Energy • Logistics Market share in Latin America.2018 • Source: Fitch connection • *LatinAmericaincludesBrazil, Mexico, Chile, Colombia, Argentina and Peru

12. TAX INCENTIVES IN COLOMBIA Incentives for investments in research, technological development or innovation The amount of investments made in research, technological development or innovation may be deduced annually from the income (maximum amount of 100%). Additionally, 25% of the investments made in research, technological development or innovation may be discounted annually from income tax.

13. ExemptincomeforOrange economyactivities • Requirements. • Main address must be in Colombia. • The development of value-added industries technological/creative activities is the exclusive social object. • Economic activity must begin before December 31, 2021 (by constituted companies). • Act of conformity issued by the Ministry of Culture’s Orange Economy Committee. • Compliance of minimum amounts of investment in the terms defined by the National Government, which in no case may be less than 4,400 UVT (50.263 USD approx.) and within a maximum period of three (3) taxable years. • Minimum generation of jobs that is to be defined by the government (will never be less than 3 jobs). • (Financing Law article 79 that modified Section 235-2 of the Colombian Tax Code) 7 years of income tax exemption(for those with income of up to 80,000 UVTs, or COP $ 2.741.600.000 approx. USD 913.866). Film, television and commercial production, do not have a maximum income ceiling.

14. DESCRIPTION OF THE COMPANY SomeInvestment Itis a full-stackgrocery e-commerce thatgathersbestsellingbrandsin a single platform. Opportunities Until now, they have reached a portfolio of 4,000 references, which is larger than the portfolio of 70% of colombian grocery channels. Itis the firstmassmarket digital bank in Colombia. InvestmentRequired: USD $30M It delivers digital financial services to consumers and SMEs through an app and debit card. It forms the largest cash collection network in Colombia, with its products available at 60,000 points of sale. PURPOSE OF THE FUNDS The objectiveistoexpanditsoperations in LatinAmerica. Theywanttoenterto the Mexicanmarket. InvestmentRequired: USD $30M togainleadership in Colombia and expandtoPeru

15. Presidentialvisitto China July 29 – 31 2019 • It is a high priority for Colombia to strengthen its relationship with China. Because of this, H.E President Ivan Duque visited China this year in a 4 day trip that included meetings one on one with companies from different sectors, as well as visits to different companies and two big scale business events in Beijing and Shanghai. Source: El Espectador – Dinero

16. THANK YOU MANUEL SALGADO FDI MANAGER OF PROCOLOMBIA