A4:

Consumption trends in China are constantly changing, especially with young Chinese consumers becoming a newdriving force in consumption. The challenge for us, as for any company in the FMCG industry, is to remain relevant in meeting consumers’ evolving needs and preferences.

However, we remain highly optimistic in our China business. There are huge opportunities forMars, as the categories we are in, such as confectionery, chocolate and pet care, all have great growth potential waiting to be tapped.