Connplex Cinemas Limited IPO

1. There is a risk that patrons may intentionally or unintentionally cause damage to cinema screens, which may lead to financial losses and operational disruptions.

2. Inadequate audience turnout could result in a decline in revenue, adversely affecting overall profitability and disrupting business operations.

3. There is a risk of equipment breakdowns and rising costs of premium technology installations, which could result in operational disruptions, increased capital expenditure, and reduced profit margins, ultimately impacting customer satisfaction and profitability.

4. Poor management of franchise operations may result in operational inefficiencies and brand dilution which could ultimately lead to financial losses.

5. If we fail to keep up with technological advancements, it could result in operational inefficiencies and a loss of competitive edge in the market, which may lead to decreased profitability.

6. There is a risk that fluctuations in food and beverage sales could adversely affect overall revenue, potentially leading to financial instability and reduced profitability.

7. Changes in movie release schedules could result in resource inefficiencies and lower audience attendance, affecting operational continuity and revenue generation.

8. Our Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditor of our Company as required under the provisions of ICDR.

9. Inability to maintain luxury standards in theaters may lead to a decline in customer satisfaction and erode our competitive edge, potentially driving high-value customers away and weakening our market position.

10. There have been certain instances of regulatory non-compliances or delays or errors in the past. We may be subject to regulatory actions and penalties for any such past or future non-compliance or delays or errors and our business, financial condition and reputation may be adversely affected.