Alex Newbigging

Headquartered in London and with a regional office in Edinburgh, we are distinguished by the calibre and engagement of the 24Haymarket Investor Network. We follow a strict investment thesis with a focus on verticals in the nascent stages of high growth where we can leverage proprietary insight from our Investor Network. We focus on investing in companies that have demonstrated initial commercial traction. We adhere to an active investment philosophy with a right to a board seat in each investment we pursue combined with an involved post-investment model.

Jardine Cycle & Carriage (“JC&C” or “the Group”) is the investment holding company with a strategic focus on the fast-growing economies of Indonesia and Vietnam. Our portfolio comprises market-leading businesses across different sectors in these countries, alongside further interests in other regional markets. Indonesia • Astra (50.1% owned), is an excellent proxy to Indonesia, with leadership positions in automotive, financial services, heavy equipment, mining, construction & energy, agribusiness, infrastructure, IT and property. • Tunas Ridean (49.9% owned), one of the largest automotive dealerships in Indonesia. Vietnam • Truong Hai Group Corporation (26.6% owned), Vietnam’s automotive market leader and largest private business group in the country, has significant interests in agriculture, real estate, logistics, infrastructure construction, and retail. • REE Corporation (41.4% owned), the first public listed company in Vietnam participating in power and utilities including renewable energy as well as property development and office leasing, and mechanical & electrical engineering. • Vinamilk (10.6% owned), the leading dairy producer in Vietnam. Regional Interests • Cycle & Carriage, a leading automotive dealership group in Southeast Asia with an extensive network in Singapore (100% owned), Malaysia (97.1% owned) and Myanmar (60% owned). • Toyota Motor Corporation (0.09% owned), a leading multinational automotive manufacturer and the best-selling automotive brand in Indonesia. Headquartered in Singapore, JC&C is listed on the Mainboard of the Singapore Exchange and a constituent of the Straits Times Index. JC&C is 84% owned by the Jardine Matheson Group. For more information on JC&C and our businesses, visit www.jcclgroup.com.