THE GLOBAL FIRM

Jefferies 4th Annual ASIA EXPERT Summit Island Shangri-La, February 4 – 5, 2015 (Wednesday & Thursday)

Agenda & Biographies Subject to change

Equities | | | Investment Banking | Wealth & As of Feb 5, 2015 Jefferies 4th Annual ASIA EXPERT Summit

Island Shangri-La, Hong Kong, Level 39 The Atrium February 4 – 5, 2015 (Wednesday & Thursday)

Wednesday, February 4, 2015 Thursday, February 5, 2015

9:00am China Unconventional Oilfield Services Update – Impact of Oil Price Drop and Future How Internet is Changing the Industry in Asia Forecasts Alister Musgrave, MD of Moneyhero.com.hk Robert Liou, China Country Manager, PacWest Consulting Partners James Lloyd, Head of Strategy & Corporate Development, Advanced Merchant Payments (AMP)

10:00am Who Wins As China’s Cement Demand Slows? (Mandarin) Panel Debate: The Sword of Damocles: Tech IP Wars in China

Zuoyi Liu, Founder of Cement Geography Panelists: IPR and Competition Partners from Bird and Bird • Hank Leung, Managing Associate, Bird & Bird • Zhaofeng Zhao, Partner, Bird & Bird • Moderator: Conor O’Mara, Asian Tech Specialist Sales

11:00am China Insurance Industry Development and Pension Fund Reform (Mandarin) How Mobile Internet is Revolutionizing The Retail Industry

Jinlong Guo, Director of Insurance Division, Institute of Finance and Banking, Chinese Jason Chiu, Chief Executive Officer of Cherrypicks Academy of Social Sciences

12:30pm Keynote Presentation & Panel: HK Stock Connect: 2015 Asia Risk Assessment – SVA’s Views Opportunities and Remaining Issues To Be Addressed Steve Vickers, Chief Executive Officer, Steve Vickers and Associates Limited Speaker: Tae Yoo of Managing Director, Head of Client Business Development & FIC Development, Discussion Topics Global Markets Division, Hong Kong Exchanges and Clearing Ltd China: Impact of Anti-Corruption & Economic Nationalism Followed by panel discussion India: Obstacles in Reform Implementation for Modi Indonesia: Joko Widodo’s Reform Agenda Panelists: Thailand: Political Instability Amidst the Preparation of a new Constitution • Tae Yoo, Managing Director, Head of Client Business Development & FIC Development Taiwan: A Resurgence in Tensions w/ China Global Markets Division, Hong Kong Exchanges and Clearing Limited Hong Kong: Post Occupy Central – The Future of HK • Michelle Lloyd, Senior Associate, Mapels & Calder Hong Kong Macau: On the Ground Color on Latest Anti-Corruption Crackdown • Barnaby Nelson, Regional Sale Head of Investor & Intermediary, NEA, TB, Standard Myanmar: Slowing Transition ahead of Elections & Constitutional Amendments Chartered Terrorism: Rising Risk of Terrorism in Asia • Moderator: Conor O’Mara, Managing Director of Jefferies & Hong Kong Local Representative of the Irish Funds Industry Association

2:00pm The Impact of Climate Change in China and What it Means For The Future of Energy in Asia China Internet Economy - eCommerce and Mobile Internet: 2015 Outlook and Beyond (Mandarin)

Lin Li, Chief Conservation Director, WWF China Bob Chao, President and Chief Analyst of iResearch

3:00pm Macau Gaming: Where is The Bottom? Finish Ben Lee, Managing Director, Gaming Developments & Marketing of IGamiX Management & Consulting Luis Pereira, Managing Director & Co-Founder, Asia Gambling Brief *** For Presentations in Mandarin, Simultaneous Translation will be available

Jefferies Hong Kong Limited THE GLOBAL INVESTMENT BANKING FIRM

Jefferies 4th Annual ASIA EXPERT Summit Island Shangri-La, Hong Kong February 4 – 5, 2015 (Wednesday & Thursday)

Expert Speaker Bios

Equities | Fixed Income | Commodities | Investment Banking | Wealth & Asset Management China Unconventional Oilfield Services Update – Impact of Oil Price Drop and Future Forecasts

Mr. Robert Liou China Country Manager PacWest Consulting Partners

Mr. Robert Liou is the China Country Manager for PacWest Consulting Partners. Robert is responsible for building relationships and acquiring first-hand knowledge of the latest developments in China’s unconventional space that lead to the publication of the Pumping IQ China report. As part of his position, Robert has travelled multiple times to most of China’s major oilfields. Prior to this position, Robert was the CFO of Victory (Shengli Oilfield Software) in Shengli PacWest Consulting Partners is a boutique strategy consultancy and market intelligence firm that Oilfield in Shandong Province, which is the former E&P Data Management specializes in the energy, industrial, and resources sectors. Much of its work is focused around the division of Sinopec. During this time, Robert amassed a wealth of connections oilfield and the many industries that supply critical products and services to it. With the explosion of and knowledge that allowed him to bridge many of the gaps between the Chinese unconventional resources in North America and increasingly internationally, the energy landscape is and international oil industries in the upstream industry. changing quickly. PacWest is at the forefront of the changes in the US and in global energy markets resulting from the development of unconventional oil/gas resources. We work with companies to better Following undergraduate studies at UCLA, Robert spent 5 years in public understand the market and develop and implement new strategies to position themselves for growth. accounting, the majority of it as a Lead Senior Auditor and CPA with Deloitte and Touche in . He later served as the head of internal audit for the Asia Foundation, where he led multiple audit teams on engagements in Central/ South Asia, including Pakistan, Bangladesh, Malaysia, and Afghanistan. While on a visa layover in Dubai, Robert discovered his calling for the energy industry, and thus focused on energy and strategy while attaining his MBA at the University of Michigan. Robert was born in California, but speaks and reads fluent Mandarin.

4 Jefferies Hong Kong Limited Who Wins As China’s Cement Demand Slows?

Mr. Zuoyi Liu Chief Executive Officer Cement Geography

Mr. Zuo Yi Liu s the CEO of Cement Geography.

Mr. Liu has more than 10 year experience working in the cement industry providing consulting and strategy advisories to major cement corporation all across China. He has also participated and presented in numerous cement industry investment summits in Beijing and Hong Kong and was well-received by investors.

Cement Geography is the most authoritative and widely used cement industry data provider in China.

5 Jefferies Hong Kong Limited China Insurance Industry Development and Pension Fund Reform

Mr. Jinlong Guo Director of Insurance Division, Institute of Finance and Banking, Chinese Academy of Social Sciences

Mr. Jinlong Guo is an expert in the China Insurance Industry and participated in the consultation project of the national pension fund reform.

Mr. Guo is also an executive director of the Insurance Institute of China. He serves as a professor in the Department of Insurance and Social of Institute of Finance and Banking, Chinese Academy of Social Sciences. He obtained his Ph.D in Economics from Graduate School of Chinese Academy of Social Sciences in 1998.

About Chinese Academy of Social Sciences

Institute of Finance and Banking, Chinese Academy of Social Sciences is a state- leveled research institution in philosophy and social sciences, under the direct leadership of the State Council. It is a main think-tank of the Chinese government.

6 Jefferies Hong Kong Limited Keynote Presentation & Panel: Shanghai HK Stock Connect: Opportunities and Remaining Issues To Be Addressed

Mr. Tae Seok Clement Yoo Managing Director, Head of Client Business Development & FIC Development Global Markets Division Hong Kong Exchanges and Clearing Ltd

Tae Seok Clement Yoo serves as Managing Director and Head of Client Business Development & FIC Development department. His FIC (Fixed Income & Currency) Development department is responsible for the development of fixed income and currency business and the development of index solutions across the organization. His Client Business Development department is responsible for issuer / IPO marketing, exchange participant relations and end-user client / HKEx is a leading global operator of exchanges and clearing houses based in Hong Kong, Asia’s segment marketing. premier international financial centre, and one of the world’s largest exchange groups by market capitalisation. HKEx operates the securities and derivatives markets and their related clearing houses Since joining HKEx in 2011, he served as co-head of platform development & and is the frontline regulator of listed companies in Hong Kong. It also owns the Metal strategy and as head of product & index development. Yoo has over 18 years of Exchange (LME) in the UK, the world's premier base metals market. In Hong Kong, HKEx regulates exchange industry experience with 14 years at CME Group ( Mercantile listed issuers and administers listing, trading and clearing rules. It also provides services, primarily at Exchange) in Clearing, Risk Management, Business Development & Strategy and the wholesale level, to participants and users of its Exchanges and Clearing Houses, including issuers Products & Services in US and Asia. Prior to joining CME, he held various and intermediaries (such as investment or sponsors, securities and derivatives brokers, positions at Sumitomo Mitsui (Sakura Dellsher, Inc.) and at Goldman custodian banks and information vendors) which service investors directly. These services comprise Sachs & Co. in Chicago. trading, clearing and settlement, deposit and nominee services and information services across multiple products and asset classes. Yoo holds a bachelor’s degree in accounting and computer applications from the University of Notre Dame, MBA from the Stuart School of Business at the Illinois Institute of Technology, and GSAL program at the University of Chicago, Graduate School of Business. He has been named an inventor on nine U.S. patents on derivatives risk management applications.

7 Jefferies Hong Kong Limited Keynote Presentation & Panel: Shanghai HK Stock Connect: Opportunities and Remaining Issues To Be Addressed

Ms. Michelle Lloyd Senior Associate Mapels & Calder Hong Kong

Michelle is a senior associate in the Investment Funds Group in Maples’ Hong Kong office. Michelle heads the Irish desk in Hong Kong, where she provides full-service Irish funds solutions to the firm’s Asian client base from a more convenient time-zone. Michelle has broad experience advising on the establishment, authorisation and operation of various types of UCITS and non- UCITS regulated funds, with a particular recent focus on private equity products Maples and Calder is a leading international law firm advising financial, institutional, business and and advising on AIFMD implementation and compliance. private clients around the world on the laws of the Cayman Islands, Ireland and the British Virgin Islands. Michelle joined Maples and Calder in 2010, following six years with a large Irish corporate law firm which included a secondment to an asset manager in Paris. She speaks regularly at industry conferences on UCITS and AIFMD issues and is a member of the IFIA's Hong Kong Committee. Michelle holds a Bachelor of Civil Law and a Masters in Commercial Law from University College Dublin.

8 Jefferies Hong Kong Limited Keynote Presentation & Panel: Shanghai HK Stock Connect: Opportunities and Remaining Issues To Be Addressed

Mr. Barnaby Nelson Regional Sale Head of Investor & Intermediary, NEA, TB Bank

Mr. Barnaby Nelson is Regional Segment Head for North East Asia and Greater China in Standard Chartered’s Transaction Bank – focusing on Investor & Intermediary clients.

In this role, he leads the business agenda for institutional investor and financial intermediary clients across North East Asia and Greater China, with a focus on supporting clients’ growth aspirations across Asia, Africa and the Middle East. He is based in Hong Kong and reports to Margaret Harwood-Jones, Global Segment Sponsor, Investors and Intermediaries, Transaction Banking and to Helen Hui, The history of Standard Chartered in Hong Kong dates as far back as 1859, and is one of Head of Transaction Banking, Hong Kong. the Hong Kong SAR's three note-issuing banks today. Having incorporated its local business on 1 July 2004, we now operate as a licensed bank under the name of Standard Barnaby joined the bank from BNP Paribas, where he was Head of Client Chartered Bank (Hong Kong) Limited, a wholly-owned of Standard Chartered Development for Asia for the Securities Services division. Prior to that he worked PLC. as Business Owner for Thomson Reuters’ information and market data feeds in Asia-Pacific. Standard Chartered is a leading international banking group. It has operated for over 150 years in some of the world's most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East, where we earn around 90 per cent of our income and profits. Our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.

9 Jefferies Hong Kong Limited The Impact of Climate Change in China and What It Means For The Future of Energy In Asia

Dr. Lin Li Chief Conservation Director WWF China

Dr. Lin Li is the Chief Conservation Director of WWF China. As Chief Conservation Director, Dr. Li’s duties focus on addressing human impacts on the biodiversity and to the health of the planet’s ecosystems in China, and through China to the world. Dr. Li has over 20 years of professional experience in sustainability, environmental policy analysis, stakeholder engagement, and partnership building. Her work covers a broad spectrum of areas, including the development and advocate of the ecological footprint concept to be incorporated into China’s key decision making processes, addressing the role of financing and banking institutions in promoting sustainable development, combating climate change For 50 years, WWF has been protecting the future of nature. The world’s leading through energy conservation and increased intake of cleaner renewable energy, conservation organization, WWF works in 100 countries and is supported by 1.1 million focusing on China’s overseas investment and addressing their impacts to the members in the United States and close to 5 million globally. WWF’s unique way of working ecological systems, as well as developing strategic partnerships inside and combines global reach with a foundation in science, involves action at every level from local outside of China. to global, and ensures the delivery of innovative solutions that meet the needs of both people She was a chemical engineer for over 10 years in China and Japan, have and nature. worked at the UN Headquarters in NYC on environmental management accounting, and worked as an environmental policy analyst in an environmental consulting firm in the USA. She joined WWF US in 2004, prior moving to WWF China in 2006. Her education background covers a B. Eng, in Chemical Engineering, M. Sc. In Environmental Management and Policy, and a PhD in Environmental Policy as well as a graduate certification in Business Administration.

10 Jefferies Hong Kong Limited

Macau Gaming: Where is the Bottom?

Mr. Ben Lee Managing Director, Gaming Mr. Luis Pereira Developments & Marketing Managing Director & Co-Founder IGamiX Management & Consulting Asia Gambling Brief

Mr. Ben Lee is the Managing Partner, Gaming Developments and Marketing of Mr. Luis Pereira is Managing Director and Co-Founder of Asia Gambling Brief. IGamiX Management & Consulting Ltd. Ben is widely acknowledged as one of the region’s foremost experts in the area of Asian gaming market and is a regularly Based in Macau for over 10 years, Luis has been covering the local and regional invited speaker at major gaming conferences around the world. gaming industry since before the opening of Sands Macao in 2003. Prior to founding AGB, Luis was executive director at Macau Business, the leading Ben has extensive gaming experience all over Asia and Australia, and has spent business publication in Macau, as well as a correspondent for other international the last eight years covering new gaming projects around the Asian Pacific titles. In his previous career, Luis held various key positions in both the front line region. He is currently consulting to numerous multinational companies on their and back office of the publishing/digital & print media industry. Asian gaming development strategies.

IGamiX is a Macau based gaming consultancy team. Our team consists of highly Asia Gambling Brief is an online intelligence service, founded in July 2012. Our experienced gaming executives with in-depth first hand knowledge of the Asia team of experts specialize in providing cost-effective legal, regulatory, political Pacific gaming markets, tempered with unmatched cultural awareness of local and market information and data on Asia for the global gaming industry. business requirements and all possessing of that entrepreneurial drive that will help identify opportunities for your business in the region.

11 Jefferies Hong Kong Limited How Internet is Changing the Financial Services Industry in Asia

Mr. Alister Musgrave Managing Director & Founder Moneyhero.com.hk

Mr. Alister Musgrave is the Managing Director & Founder of MoneyHero.com.hk.

He is founder of Hong Kong's leading financial comparison platform, MoneyHero.com.hk is committed to helping consumers in Hong Kong save money and time by finding the right product at the best price online, by comparing the market for banking, insurance as well as telco products.

MoneyHero.com.hk is committed to helping HK consumers find the right financial product at the most competitive price, and we are dedicated to save you time and money.

We provide Hong Kong consumers with quick and easy access to online comparison tables for credit cards, personal loans, insurance and mobile & broadband products. We also offer free access to resourceful guides, frequently asked questions and topical articles exploring new ways to save money in Hong Kong.

12 Jefferies Hong Kong Limited How Internet is Changing the Financial Services Industry in Asia How internet business models are changing the loan market with alternative finance solutions

Mr. James Lloyd Head of Strategy & Corporate Development Advanced Merchant Payments (AMP)

Mr. James Lloyd is Head of Strategy & Corporate Development at Advanced Merchant Payments (AMP), a venture-backed, growth-stage, financial technology company focused on the burgeoning “alternative finance” space.

Prior to this, James served as Operations Delivery Manager for Realex Payments, a leading European online payment gateway – before which he spent a number of years with Deloitte Consulting in its Strategy & Operations division. James holds a Master of Science in Economics (first class honors) from the University of Wales, Aberystwyth, and a Master of Arts (first class honors) from the University of Dublin, Trinity College.

Advanced Merchant Payments (AMP) enables banks and non-bank financial institutions to deploy “alternative lending” solutions for the benefit of their small business customers. AMP’s patented loan origination and automated portfolio management processes and technologies allow for the fast, efficient, and profitable provision of short-term, unsecured loans to traditionally underserved SMEs. AMP’s technology-powered platform uses innovative credit models combined with daily performance data to evaluate business performance and facilitate access to capital. AMP currently has operations in Hong Kong, , the Philippines, and the United Kingdom – with expansion plans across Asia and Europe. During 2014, the company was recognised by SWIFT as a ‘growth-stage innovator’ and selected by Accenture to participate in the FinTech Innovation Lab Asia-Pacific.

13 Jefferies Hong Kong Limited Panel Debate: The Sword of Damocles: Tech IP Wars in China Summary of the Smartphone Wars raging around the world The impact of Chinese competition law on the business of high tech companies (TMT)

Mr. Hank Leung Dr. Zhaofeng Zhou Managing Associate Partner Bird & Bird Bird & Bird

Mr. Hank Leung is a managing associate in our intellectual property group, Dr. Zhaofeng Zhou is a partner in our Competition Group, based in Beijing. based in Hong Kong. Zhaofeng started to practise antitrust law before China’s Antimonopoly Law came His focus is intellectual property law and he has particular experience in relation into force. He regularly advises both Chinese and international clients in the to patent rights. He regularly advises clients on all aspects of identification, aviation, aircraft manufacturing, automotive, internet industry, mining protection, registration and enforcement of their IP rights. equipment, new energy and pharmaceuticals sectors in regard to PRC antitrust matters. In addition, Hank also advises clients on legal issues relating to the commercialisation of IP and IT assets including management of IP portfolios, A specialist antitrust lawyer, Zhaofeng has antitrust experiences across the full preparation of licensing agreements, and drafting and negotiating IT outsourcing range of PRC antitrust issues, including various merger control, antitrust agreements. He also has experience conducting multi-jurisdictional reviews of compliance and training, dawn raids, antitrust due diligence, antitrust review of data privacy compliance surveys, and advising on Hong Kong and PRC data commercial contracts, monopoly agreements, abuse of dominance, abuse of privacy regulations. Hank was previously trained as a patent agent at one of the intellectual property rights, and antitrust litigation. He was also elected as Vice top IP firms in Canada, as well as at the Hong Kong branch of a leading UK Chair of Legal & Competition Working Group of European Chamber in 2014. He patent firm. Hank graduated from McGill University with a Bachelor degree in graduated with an LLB in Economic Law from Shenyang University of technology, Mechanical Engineering (Honours) and also holds a Bachelor of Laws degree he also holds an LLM in International Law from the University of Bristol and PhD from Queen’s University in Canada. He is admitted as a solicitor in Hong Kong in Competition Law from the University of Glasgow. He was admitted to the PRC and in Ontario Canada. Hank is currently working on a part time basis at Li & Bar in 2009. Zhaofeng is a native Mandarin speaker who is also fluent in Fung where he is acting as their in-house counsel and their intellectual property English. matters. Hank is fluent in English and Mandarin.

Bird & Bird is an international law firm, with a rare and invaluable grasp of strategic commercial issues. We combine exceptional legal expertise with deep industry knowledge and refreshingly creative thinking, to help clients achieve their commercial goals. We have over 1100 lawyers in 27 offices across Europe, the Middle East and Asia, as well as close ties with firms in other parts of the world.

14 Jefferies Hong Kong Limited How Mobile Internet is Revolutionizing The Retail Industry

Mr. Jason Chiu Chief Executive Officer Cherrypicks

Mr. Jason Chiu is the Founder and Chief Executive Officer, Cherrypicks, a leading mobile technology and mobile commerce innovator in the Asia-Pacific region.

Jason is an industry icon in Hong Kong well known for his successful entrepreneurial experience in mobile innovation and technology. With disruptive Online-to-Offline (O2O) solutions and patent-pending product and technology inventions, the company has won over 100 local and global awards and recognitions in the past four years. The early entrepreneurial journey of the company was also featured as a Harvard Business School case study (#N9-807- 106). In June 2014, Cherrypicks announced a strategic merger of its solution business with NetDragon Websoft Inc. while keeping its product business. After the merger, Jason continues to lead both units of the company to reach greater heights. Prior to founding Cherrypicks in 2000, Jason was a Director for Global Cherrypicks is a proud developer of the mobile apps and webs for major global clients such as High Tech and Telecom Practice at Deloitte Consulting in Toronto and Hong HSBC, The Hong Kong Jockey Club, MTR, Cathay Pacific, Unilever, Cartier, Estée Lauder, Kong. Jason holds a Bachelor of Applied Science Degree from the University of Hennessey of LVMH Group, Prudential and Bank of China (Hong Kong). Its own coupon Waterloo. Jason was named “Young Industrialist of Hong Kong 2014” by HKFI entertainment platform iButterfly has landed 13 countries and regions with over 200 million and “Outstanding IT Person of the Year 2014” by eZone. He is a member of the butterfly coupons distributed. Cherrypicks has applied for over 20 patents in mobile and O2O Task Force on Industry Facilitation of OGCIO Digital 21 Strategy Advisory technologies and innovations. In June 2014, Cherrypicks announced a strategic merger of its Committee, and Departmental Advisory Committee for Department of Computer solution business with NetDragon Websoft Inc. while keeping its product business. Science, City University of Hong Kong. He is also a mentor, an advisor and an investor for a number of startups, incubators and co-working spaces in Hong Kong.

15 Jefferies Hong Kong Limited 2015 Asia Risk Assessment – SVA’s Views

Mr. Steve Vickers Chief Executive Officer Steve Vickers and Associates Limited

Mr. Steve Vickers is the CEO of Steve Vickers & Associates (“SVA”) (www.stevevickersassociates.com) and has over 39 years experience in Asia.

SVA is a specialist risk mitigation, corporate intelligence and risk consulting company. The company serves financial institutions, private equity funds, corporations, high net-worth individuals and insurance companies and underwriters around the world.

For the past 20 years in the private sector, Steve has conducted numerous sensitive business intelligence projects, major financial investigations, international asset searches and crisis containment assignments. He has also led a number of crisis management teams faced by financial or other critical threats to multi-national corporations. SVA (www.stevevickersassociates.com) is a specialist risk mitigation, corporate intelligence and Steve has considerable experience in advising corporations facing special risk risk consulting company. The firm serves financial institutions, private equity funds, corporations, situations and in dealing with challenges presented by money laundering; he is high net-worth individuals and insurance companies and underwriters around the world. an acknowledged authority on the gaming sector in Macau and on Triad Societies and Asian Organised Crime issues. SVA assists clients in understanding & mitigating risk and, where necessary, to respond swiftly & effectively to deal with incidents or crisis situations. Steve previously spent 18 years with the former Royal Hong Kong Police and commanded its Criminal Intelligence Bureau with a special focus on triads, organised crime and money laundering.

16 Jefferies Hong Kong Limited China Internet Economy - eCommerce and Mobile Internet: 2015 Outlook and Beyond

Mr. Bob Chao President and Chief Analyst iResearch

Mr. Bob Chao is the President of iResearch Academy and Chief Analyst. He formally joined the iResearch in 2006 as Research Director. Bob has extensive expertise in china online economy research and experienced in consulting for government, multinational corporations and telecommunications carriers. Bob obtained his Master’s degree in international economic relations from Foreign Affairs College. Prior to joining iResearch, Bob served as Research Director of Beijing WTO Affairs Center and United Nations Trade Point Beijing. In 2004, Bob attended a program held by UNCTAD "the Use of the Internet for Efficient iResearch is a leading organization focusing on in-depth research in China's internet industry, International Trade for Senior TSI Managers". including online media, e-commerce, online games, mobile internet and wireless value-added services, etc. With more than 200 experts, iResearch is dedicated to provide high quality products and services to deepen our clients' understanding of China's internet industry and therefore enhance their profitability and competitiveness. As one of the pioneers in this field, iResearch has achieved great success by providing precise analysis support, consulting services and customized solutions to more than 700 clients in the past 9 years, including new media, agencies, investors and manufacturers. Besides the research teams located in Beijing, Shanghai and Guangzhou, iResearch also launched branches in and San Francisco in order to enhance our services to global clients. We believe that our products and services could help you to catch the opportunities in China's booming internet industry.

17 Jefferies Hong Kong Limited Jefferies in Detail

Jefferies

Jefferies, the global investment banking firm, has served companies and investors for over 50 years. Headquartered in New York, with offices in over 30 cities around the world, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, as well as wealth and asset management. The firm provides research and execution services in equity, fixed income, foreign exchange, futures and commodities markets, and a full range of investment banking services including underwriting, merger and acquisition, restructuring and recapitalization and other advisory services, with all businesses operating across the Americas, Europe and Asia.

Jefferies Group LLC is a wholly-owned subsidiary of Leucadia National Corporation (NYSE: LUK), a diversified . Jefferies Group LLC’s principal operating are Jefferies LLC in the U.S., Jefferies International Limited in Europe and Jefferies Hong Kong Limited in Asia. Jefferies International Limited is authorized and regulated in the United Kingdom by the Financial Services Authority.

富瑞, 全球性投資銀行公司，為企業和投資者提供服務超過50年。公司總部設在紐約，在世界各地30多個城市設有辦事處，為客櫪提供資本市場和金融諮詢服務， 經紀和證券研究機構，以及財富和資管理。公司提供股權、固定收益、外匯、期貨和商品市場的研究和執行服務，以及全方位的投資銀行服務，包括承銷，合併， 收購，重組和資本重組及其他諮詢服務，業務遍布美洲，歐洲和亞洲。

Leucadia National Corporation (紐約證券交易所代碼：LUK）全資擁有Jefferies Group LLC。富瑞集團主要營運之附屬公司 Jefferies LLC在美國，Jefferies International Limited 在歐洲 和Jefferies Hong Kong Limited 在亞洲業務。Jefferies International Limited 在英國是獲金融服務管理局授權並受其監管。

18 Jefferies Hong Kong Limited Our Co-Branded Partners

Australia:

Evans and Partners Pty Ltd is an independent Australian owned investment house providing comprehensive wealth management solutions for private clients, institutions and corporations

Indonesia:

PT Indo Premier Securities is one of the largest and best capitalized securities companies in Indonesia and provides integrated financial services including securities sales and trading, investment banking and investment management

Korea:

Mirae Asset Securities is part of Mirae Asset Financial Group, one of Asia’s largest independent financial services groups. is a top player in the Korean Securities industry offering clients a comprehensive pool of financial services in brokerage trading, investment banking and wealth management

Malaysia:

The KAF Group of Companies, of which KAF-Seagroatt & Campbell Securities Snd Bhd is a member, is a diversified Malaysian financial services group focused on equity broking, investment banking, research, fund management and trustee services

Sri Lanka:

JB Securities is a founding member of Colombo Stock Exchange and has extensive experience dealing with domestic and foreign institutional investors, high net worth individuals and family offices

Taiwan:

Fubon Securities Co. Ltd. provides securities brokerage services, proprietary trading and underwriting businesses in Taiwan and is a fully owned subsidiary of one Taiwan’s largest financial groups

Thailand:

Asia Plus Securities Public Company Limited is one of Thailand’s leading financial services firms and offers a wide array of services ranging from equity research, securities brokerage, investment banking, equity derivatives and wealth management

Vietnam:

Mirae Asset Securities (Vietnam) Joint Stock Company is part of Mirae Asset Financial Group, one of Asia’s largest independent financial services groups, and is a leading securities brokerage and investment banking firm

19 Jefferies Hong Kong Limited Important Disclosure

The document is being furnished for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security, future or other financial instrument or product. It is not intended to form the basis of an investment decision and has not been verified. Jefferies Hong Kong Limited (“Jefferies”) makes no recommendation or representation as to, and accepts no responsibility or liability for, the accuracy or completeness of the information contained herein. Such information is presented as of the date and, if applicable, time indicated and Jefferies does not accept any responsibility for updating any such information.

Any simulations, projections, valuations and statistical analyses contained herein have been provided to assist the recipient in the evaluation of the matters described herein; such simulations, projections, valuations and analyses may be based on subjective assessments and assumptions and may utilise one among alternative methodologies that produce differing results; accordingly, such simulations, projections, valuations and statistical analyses (historical or otherwise) are not to be viewed as facts and should not be relied upon as an accurate representation of future events. Any market views or opinions expressed herein are those of the individual sender, except where such views or opinions are expressly attributed to Jefferies or a named individual. Market views and opinions are current opinions only; Jefferies and the individual sender accept no responsibility to update such views and opinions or to notify the recipient when they have changed.

Jefferies and its affiliates, officers, directors and employees may from time to time hold long or short positions in, buy or sell (on a principal basis or otherwise), or act as market maker in, securities, futures or other financial instruments or products related to matters discussed herein and may make trading decisions that are different from or contrary to any of those which may be discussed. Jefferies is not an adviser as to legal, taxation, accounting or regulatory matters in any jurisdiction, and is not providing any advice as to any such matter to the recipient. The recipient of this document should take their own independent advice with respect to such matters.

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