Outstanding 1H21 profitability; aim higher with support from good pricing in 2H21 1H21 results beat; accelerating new business growth Value-added Services refuels the “Traffic+” direction More confident on 2H21 sales and GPM outlook Gradual recovery on track 1H21 results in line; accelerating path towards net-zero Net profit in 2Q21 down only 2% YoY; slightly better than expectations 1H21 performance in line Looking beyond 3Q21E headwinds Margin pressure may overshadow the earnings visibility