LISTING of CHINESE COMPANIES in FRANKFURT November 2007

LISTING OF CHINESE COMPANIES IN FRANKFURT

November 2007 Table of Contents

1. Listing at Deutsche Börse AG Frankfurt

2. Listing at Deutsche Börse AG from a Chinese Prospective

3. Our Expertise

4. Our offices worldwide

5. Contacts 1. Listing at Deutsche Börse AG Frankfurt 1.1 Benefits for Chinese companies

Access to international investors •Leading Platform within the Euro zone

¾ 670 Member Institutions incl. 309 Xetra members ¾ 4,000 registered brokers ¾ 55 % foreign trading volume on Xetra (i.e. electronic trading platform) ¾ Around 6,500 shares, around 6,000 bonds, around 43,000 warrants •Access from all of Euro zone and 18 non-Euro countries ¾ Including Tokyo, Hong Kong and Sydney Only fully integrated exchange worldwide •Cash and derivatives market, clearing, information, settlement and IT •Established Clearstream services in Hong Kong (i.e. settlement / custody / clearing) •Eurex presence in Asia (i.e. futures and options market) 1. Listing at Deutsche Börse AG Frankfurt 1.1 Benefits for Chinese companies

Increasing visibility of Chinese companies for international investors • Currently 176 Chinese companies admitted for trading, inter alia ¾ China Eastern Airlines ¾ China Southern Airlines ¾ Air China

Lowest direct exchange fees of any leading exchange

Lowest listing fees of any leading exchange

NYSE and NASDAQ not favorable at the moment because of the implications of Sarbanes-Oxley Act 1. Listing at Deutsche Börse AG Frankfurt 1.1 Benefits for Chinese companies

Advantages of listing at Deutsche Börse AG • Euro share price and time zone • Gain international brand recognition • Recognition for future transactions in Europe (e.g. M&A Transactions in Europe)

German economy • Europe‘s largest economy with a significant capital market • No. 1 Export nation worldwide • Largest consumer and private investor base in Europe • China as most important commercial partner in Asia • Leading commercial partner for China in Europe • Largest European investor in China 1. Listing at Deutsche Börse AG Frankfurt 1.2 Current Chinese companies traded at German cash market

Over 176 Chinese companies admitted for trading at German cash market • 83 companies from mainland China (Both Shanghai + Shenzhen exchanges) and 93 from Hong Kong • European based China specialist private and institutional investors can access 48 FTSE Xinhua 50 stocks and all FTSE Xinhua 25 • Stocks of the top 30 Chinese companies traded in Frankfurt ALUMINUM CORP.OF CHINA CHONGQING IRON+STEEL H QINGLING MOTORS CO. H ANGANG NEW STEEL CO H DATANG INTL POW.GE.-H SHENZHEN EXPRESSWAY H ANHUI CONCH CEMENT H FIRST TRACTOR CO. H SIN.BEI.Y.PE H CHINA EAS. AIRL.H GUANGD.KELON ELE.H. H SINOPEC SHAN H CHINA EASTERN AIRL. H HUANENG PWR INTL H SINOPEC ZHEN H CHINA LIFE INS. H HUANENG PWR N YC 1 SINOTRANS LTD H CHINA PETRO.+CHEM JIANGXI COPPER CO. -H TRAVELSKY TECHNOLOGY H CHINA SHIP.DEVELOP.CO. H JILIN CHEM. IND.H TSINGTAO BREWERY H CHINA SOU.AIRL PETROCHINA CO. LTD H YANZHOU COAL MNG H CHINA TELECOM H PICC PROPERTY+CASU. H ZHEJIANG EXPRESSWAY H

Interest in Chinese stocks proven and waiting to expand 1. Listing at Deutsche Börse AG Frankfurt 1.3 Listing schedule

To do list:

Appointment of internal listing project team

Recruitment of external advisors • Legal and tax advisors • Audit firm for restatement of financial information to IFRS or US-GAAP • Investor and public relations agency

Appointment of lead manager and underwriting group • Lead Manager’s primary responsibility is the distribution of the offered shares

Listing strategy discussions and decisions (together with the Lead Manager) • Preparation of equity story, i.e. marketing of the company’s strategy • Transaction structure, e.g. timing, volume of offering • Selection of market segment - Regulated Market / Open Market; Transparency Level • Selection of Listing Partner and designated sponsor, if necessary • Technical issues, e.g. handling of registered shares 1. Listing at Deutsche Börse AG Frankfurt 1.3 Listing schedule

Preparation of timetable Implementation of legal requirements for Listing • Required by German law or stock exchange rules, e.g. legal form of public company • Required by articles of association, e.g. responsibilities Due diligence by banks • Commercial, financial, legal, tax • Basis for valuation, equity story and prospectus Preparation of prospectus as precondition for any public offer Preparation of research reports on the company by analysts Preparation of listing application Information of investors (road show) Offer period and price determination process First trading day 1. Listing at Deutsche Börse AG Frankfurt 1.3 Listing schedule

Listing at Regulated Market • Compliance with Securities Trading Act ¾ Ad hoc disclosure of price sensitive information to the market ¾ Disclosure of Director’s Dealings ¾ Competent handling of insider information ¾ Compliance with transparency regulations • Financial reporting in accordance with IFRS or US-GAAP • Annual analyst conference • Corporate action timetable • Maintain good investor relations Minor obligations for trading in the Entry Standard 1. Listing at Deutsche Börse AG Frankfurt 1.4 Role of lead manager

Analysis of company Due diligence of company Valuation of company Structuring the Listing Supporting the listing admission process Joint liability for prospectus Marketing the Listing to investors Book building of share price Placing the shares with the public Approximate fees 5% ─ 7.5% 1. Listing at Deutsche Börse AG Frankfurt 1.5 Role of legal advisor

Advice in respect of all legal responsibilities of the issuer Drafting of all relevant legal documents (e.g. Prospectus, Listing Application, Underwriting Agreement) Legal preparation of company for listing • Issuer must be structured as a public company • Restructuring of the issuer’s group, if required • Amendments to articles of association, if required Preparation of annual general meeting Provision of legal and tax due diligence Minimise issuer’s liability, in particular regarding prospectus Advice on compliance with corporate governance standards Advice on compliance with Securities Trading Act Advice on compliance with Prospectus Act Advice on compliance with relevant Chinese laws Liaise with CSRC and other Chinese authorities as applicable Approximate fees 0.25% – 0.5% of transaction volume 1. Listing at Deutsche Börse AG Frankfurt 1.6 Market segments: Overview

Two points of access to EU – Regulated Regulated Unofficial the capital market Market Market

Three statutory market Regulated Market Regulated Unofficial segments Market (Open Market)

Prime Standard Entry Standard Three levels of (sub-segment) (sub-segment) transparency General Standard

Source: Deutsche Börse AG 1. Listing at Deutsche Börse AG Frankfurt 1.6 Market segments: Number of Companies

6698

Open Market Prime Standard General Standard Entry Standard

365 391 48

Source: Deutsche Börse AG 1. Listing at Deutsche Börse AG Frankfurt 1.6 Market segments: Transparency Level

3 Transparency Level of Investors and Companies:

• Annual report and interim report in • Quarterly reports in English accordance wtih IFRS/IAS • Financial calendar Annual report and interim report in accordance• Publication wtih of Director‘s IFRS/IAS Dealings • Analyst conference Publication(WpHG) of Director‘s Dealings (WpHG) Ad-hoc• Ad-hoc disclosure disclosure (WpHG) (WpHG) Reporting• Reporting thresholds thresholds (WpHG) (WpHG) • Legal minimum requirements for

ency for investors ency EU-regulated markets, e.g.: Change• Change of of control control (WpÜG) (WpÜG)

• Annual report and interim report in accordance with GAAP • Important company news • Adherence to insider rules • Corporate profile and financial • Market abuse

Increasing transpar Increasing calendar • Legal requirements, e.g.: • Rules of WpHG on public offerings

Source: Deutsche Börse AG 1. Listing at Deutsche Börse AG Frankfurt 1.6 Market segments: Regulated Unofficial Market

Initial access to the EU market for • Companies listed in Shanghai, Shenzhen or Hong Kong • Unlisted companies (requires more detailed information) Governed by “Frankfurt Stock Exchange Open Market Rules” Inclusion for trading either on the basis of a full prospectus or a short-form exposé The following main admission criteria: • Application for admission: ¾ Accurate designation of the security to be admitted and information as to the domestic or foreign organized market where prices are already fixed for this security. ¾ If the securities is not traded on an organized market yet, the applicant must provide detailed information about the issuer in the form of a prospectus or exposé, for proper assessment. • The applicant must inform Deutsche Börse AG immediately and in writing about essential circumstances concerning the admitted securities and/or the issuer. • The decision-making body for the admission is Deutsche Börse AG as the operating body of the Open Market. • Publication language: German or English. Shares on the Open Market are monitored by the Federal Financial Supervisory Authority (BaFin) concerning insider trading and market abuse. 1. Listing at Deutsche Börse AG Frankfurt 1.6 Market segments: Regulated Market (i)

The Regulated Market is an organized market within the meaning of § 2 para. 5 German Securities Trade Act (WpHG). Prior to trading, the issuer of the securities must file an application for admission to the Regulated Market together with a bank, a financial service provider or a company which operates in accordance with the German Banking Act, to the Admissions Office of Deutsche Börse AG The bank or company must be admitted to a domestic stock exchange with the right to participate in trading and submit proof of a liable capital of €730,000. If the issuing company itself fulfils these conditions, it may file the application for admission alone. The legal bases for admission are regulated in detail in the German Stock Exchange Act, the Stock Exchange Admission Regulation, the Prospectus Act and the Exchange Rules. 1. Listing at Deutsche Börse AG Frankfurt 1.6 Market segments: Regulated Market (ii) Main criteria for the first admission of shares: • The issuer must have existed as a company for at least three years. • The anticipated market value of the shares to be admitted or – if an estimate is not possible – the equity of the company amounts to at least EUR 1.25 million. • The minimum number of shares is 10,000 for no-par value shares. • Free float of at least 25 percent. • Listing prospectus with information about the actual and legal circumstances which are essential for the assessment of the issuer and the security and shall include: ¾ the balance sheets ¾ income statements ¾ cash flow statements of the last three fiscal years ¾ the notes as well as the management report of the last fiscal year. ¾ Publication language is German, for foreign issuers also English. • The decision-making body is the Admissions Office of Deutsche Börse AG. 1. Listing at Deutsche Börse AG Frankfurt 1.6 Market segments: Regulated Market (iii)

Main follow-up obligations: • Publication of annual financial statements. • Publication of an interim report for the first six months of the fiscal year • Ad-hoc disclosure in accordance with German Securities Trade Act. • Duty of notification in accordance with German Securities Trade Act. 1. Listing at Deutsche Börse AG Frankfurt 1.6 Market segments – Transparency Levels: Entry Standard

Transparency requirements in Entry Standard (The Open Market rules apply): • On the company website: ¾ Publication of the audited consolidated financial statements and management report (respective national accounting principles or IFRS) no later than six months after the end of the reporting period. ¾ Publication of a brief, up-to-date profile of the company and a calendar of company events. ¾ Publication of the interim report no later than three months after the end of the first half. ¾ Immediate publication of significant company news or circumstances that may be significant for the valuation of the respective stock/issuer. 1. Listing at Deutsche Börse AG Frankfurt 1.6 Market segments – Transparency Levels: General Standard

Main admission requirements: • Shares must be listed in the Regulated Market. • Admission to the General Standard is automatic upon admission of the securities to the Regulated Market. Main follow-up obligations: • The follow-up obligations of the Regulated Market apply: ¾ Publication of annual financial statements. ¾ Publication of an interim report for the first six months of the fiscal year ¾ Ad-hoc disclosure in accordance with German Securities Trade Act. ¾ Duty of notification in accordance with German Securities Trade Act. 1. Listing at Deutsche Börse AG Frankfurt 1.6 Market segments – Transparency Levels: Prime Standard

Main admission requirements: • Shares must be listed in the Regulated Market. • Admission to Prime Standard is based on an application by the issuer. The decision-making body is the Admissions Office of Deutsche Börse. Main follow-up obligations: • Quarterly reports in German and English. • Application of international accounting standards (IFRS/IAS or US- GAAP). • Publication of a financial calendar. • Staging of at least one analyst conference per year. • Ad-hoc disclosure also in English. • Obligations of the General Standard. 1. Listing at Deutsche Börse AG Frankfurt 1.7 Commercial requirements of company

Current profitability or at least reasonable anticipation of future profitability Above average growth rates Sizeable revenues Clear corporate structure Convincing corporate strategy and goals Competitive edge Qualified management High corporate governance standards Clear management structure and responsibilities Tested financial planning system Independent internal controlling system Transparent accounting Comprehensive corporate information system 1. Listing at Deutsche Börse AG Frankfurt 1.8 Deutsche Börse added-value

CLEARSTREAM benefits for Chinese issuers: Strong Asia-Pacific focus • Settlement and custody services • More than 2,500 customers world-wide • Covering over 150,000 internationally traded bonds and equities • Settling more than 5,000 transactions daily Clearing link for B shares listed in Shanghai and Shenzhen Established Hong Kong office and Asia-Pacific customer relations team Global Clearing + settlement for Chinese firms on Frankfurt Stock Exchange Chinese companies traded in Frankfurt are settled globally Links to Chinese markets lowers costs + increases investor interest 1. Listing at Deutsche Börse AG Frankfurt 1.8 Deutsche Börse added-value

LISTING COSTS: Admission Fee (Comparison between ALTERNEXT, AIM and Deutsche Börse)

Market Capitalization in Million €*

Source: Deutsche Börse AG 1. Listing at Deutsche Börse AG Frankfurt 1.8 Deutsche Börse added-value

Listing Costs: Annual Listing Costs (Comparison between European Stock Exchanges)

Market Capitalization in Million €

Source: Deutsche Börse AG Table of Contents

1. Listing at Deutsche Börse Frankfurt

2. Listing at Deutsche Börse from a Chinese Prospective

3. Our Expertise

4. Our offices worldwide

5. Contacts 2. Listing at Deutsche Börse AG from a Chinese Prospective 2.1 Overview

Two possible ways:

1. Direct Listing in Frankfurt

2. Indirect Listing via offshore listing vehicle 2. Listing at Deutsche Börse AG from a Chinese Prospective 2.2 Indirect Listing - Structuring

For the indirect listing the restructuring of the Chinese subject company is necessary to create an offshore vehicle which shall be listed in Frankfurt.

Before Restructuring After Restructuring

Shareholders Overseas Equity Investors Shareholders

Offshore Vehicle Listed PRC Subject Company Body

PRC Subject Company 2. Listing at Deutsche Börse AG from a Chinese Prospective 2.2 Indirect Listing – Pros and Cons

Pros for indirect listing: Cons for indirect listing:

Less comprehensive Offshore vehicle has to buy the interests in the process by CSRC is PRC subject company based on the valuation necessary of the net assets of the PRC subject company Selection of Offshore Financing for the restructuring may be Vehicles in a favourable necessary because of PRC foreign exchange jurisdiction rules (e.g. through convertible bonds, convertible and redeemable preferred shares, secured or unsecured bridging finance) Corporate shareholders of the PRC subject company need approval by PRC authorities for the investment into the offshore vehicle Restrictions on transfer of state-owned interests to overseas entities in case PRC subject company holds sate-owned interests In some sectors, foreign equity investment in PRC subject companies is restricted (e.g. banking, telecommunication) Requirements concerning existence of issuer 2. Listing at Deutsche Börse AG from a Chinese Prospective 2.3 Direct Listing - Structuring

For the direct listing the restructuring of the Chinese subject company is not necessary if it is a stock cooperation.

If the Chinese subject company is a limited liability company a restructuring has to take place in accordance with the PRC Company Law and the respective rules and regulations (e.g. Article 96 PRC Company Law) 2. Listing at Deutsche Börse AG from a Chinese Prospective 2.3 Direct Listing – Pros and Cons

Pros for direct listing: Cons for direct listing: Suitable for PRC subject Long approval process in the PRC (approval by provincial companies with corporate government, industrial authorities and CSRC) shareholders and /or with state- Ongoing reporting to CSRC owned interests • Reporting of selection of the professional advisers No overseas financing is before appointment necessary • Reporting 5 days prior to the initial application to the overseas exchange of particulars of the application • Reporting 10 days prior to the formal application to the overseas exchange of corporate documents relating to the listing and various listing documents (e.g. prospectus, legal opinions and listing plans, etc.) High requirements and qualifications to be fulfilled • Requirements regarding the corporate documents • Qualifications regarding the financial situation ¾ Net Assets no less than RMB 400 million (~USD 50 million) ¾ After-tax net profit no less than RMB 60 million (~ USD 7,5 million) in the latest financial year ¾ The PRC subject company is expected to be able to finance through the listing USD 50 million based on the assessment of prospectus Table of Contents

1. Listing at Deutsche Börse Frankfurt

2. Listing at Deutsche Börse from a Chinese Prospective

3. Our Expertise

4. Our offices worldwide

5. Contacts 3. Our Expertise 3.1 Profile of our firm

S Q U I R E , S A N D E R S & D E M P S E Y L .L .P. is one of the largest international law firms: established in 1890 in Cleveland, Ohio 800 attorneys Admitted in 60+ jurisdictions Fluent in 50+ languages 30 Offices • 8 in Europe • 4 in Asia (Beijing, Shanghai, HK and Tokio) • 18 in America Correspondent relationships throughout the world 3. Our Expertise 3.1 Profile of our firm

Serving Client Needs • Representation of Fortune 500 companies including ¾ 8 of the top 10 ¾ 14 of the top 20 ¾ 34 of the top 50 • Squire Sanders ranks as the fourth most global US law firm among the 2005 Am Law 100, based on the number of countries in which the firm has offices • AmLaw Tech magazine ranks Squire Sanders among the top five law firms in the Unites States in using technology to help clients 3. Our Expertise 3.2 Practices

Corporate Transactions & Litigation Securities Real Estate & Hospitality Financial Services Environmental Public Finance Health Care & Life Sciences Project Finance Intellectual Property Taxation International Dispute Resolution Restructuring & Bankruptcy Telecommunications Economic Regulation Transportation Energy Labor & Employment Government Relations 3. Our Expertise 3.2 SSD’s China Services (i)

More than a quarter-century history in China One of the first law firms to establish a presence in China Received one of the first licenses in the early 1990s Established an office in Hong Kong in the late 1990s Expanded into Shanghai in 2004 Home to professionals born and raised in China as well as those who have been actively involved with cross-border China activities for many years Beijing – 7 legal professionals, Shanghai – 9 legal professionals and in Hong Kong – 6 legal professionals Our China Practice includes lawyers who received a license to practice in China, the U.S., the E.U., and Japan. 3. Our Expertise 3.2 SSD’s China Services (ii)

M&A FIE establishment – particularly in cases involving complicated regulatory and structuring issues Restructuring of FIE Financial Services Holding companies Litigation, arbitration and anti-counterfeiting Intellectual property Customs and trade Advice for Chinese enterprises in respect of IP, M&A , Capital Market and International Tax together with our China Desks in the US, Frankfurt/Main (Germany), Prague (Czech Republic) and London (UK) 3. Our Capital Market Expertise Frankfurt 3.3 Transactions: Equity Capital Market (i)

Client Industry Instructions

ABB Ltd. Heavy Industry Assisted in drafting of the listing prospectus of the shares at the Frankfurt Stock Exchange Advised on private placement of the rights Negotiated underwriting agreement, publicity guidelines with Lead Manger and Issuer Drafted correspondence with Frankfurt Stock Exchange

Balda AG IT Legal advisory services to Balda AG regarding the proposed issuance of convertible profit participation rights (cancelled in favour of private placement of shares) Bankgesellschaft Banks Legal advisory services to Bankgesellschaft Berlin regarding the Berlin challenging of resolutions at the shareholders' meeting 2003 by minority shareholders Commerzbank AG Banks Financial and legal advisory services to Commerzbank AG regarding a capital increase and admission of shares to trading on Frankfurt Stock Exchange of B.U.S AG (now AGOR AG) Cycos AG IT Legal advisory services to Cycos AG and its majority shareholder in the course of a public takeover by Siemens AG

Design Bau AG Public Offering Advised Issuer in respect of its Listing on the Frankfurt Stock Exchange

Deutsche Bahn AG Transport Preparation of a feasibility study regarding the proposed initial public offering of Deutsche Bahn AG, the German state-owned railway operator 3. Our Expertise 3.3 Transactions: Equity Capital Market (ii)

Client Industry Instructions

Gauss Interprise AG IT Legal advisory services to Gauss Interprise AG in the course of a public takeover by a Canadian investor

Girindus AG IT Legal advisory services to Girindus AG regarding the implementation of a stock option plan for German and US executives and employees of Girindus

Hannover Insurance Legal advisory services to Hannover Rückversicherung AG on its combined Rückversicherung AG 2003 cash / in kind capital increase, placement of new shares (including US Rule 144A placement) and subsequent admission of new shares to trading on Frankfurt Stock Exchange

IFCO N.V. Logistics Legal advisory services to the Bondholders of IFCO N.V. regarding a debt to equity swap and subsequent admission of new shares to trading on Frankfurt Stock Exchange media[netCom] AG Media / IT Legal advisory services to media[netCom] AG regarding a public takeover of Internolix AG, capital increase in kind following the takeover bid and subsequent admission of new shares to trading on Frankfurt Stock Exchange MIS AG IT Legal advisory services to MIS AG and its majority shareholder in the course of a public takeover by Systems Union plc

M-real corporation, Paper Advised issuer in respect of the listing of the prospectus with the Finland Supervisory Authority for the public offering of the shares in Germany Drafted listing documentatio (mutual recognition) 3. Our Expertise 3.3 Transactions: Equity Capital Market (iii)

Client Industry Instructions Otavi Minen AG Minerals Legal advisory services to Otavi Minen AG regarding the conclusion of a domination and profit transfer agreement and a subsequent squeeze-out

REpower Systems AG Energy Advised REpower Systems AG with respect to its Euro 94.3 million initial public offering on the Frankfurt Stock Exchange Drafted prospectuses, negotiated underwriting agreement, legal opinions, drafted memos on German securities laws Rheinmetall AG Metal Industry Legal advisory services to Rheinmetall AG regarding its public offering to the shareholders of Jagenberg AG and Kolbenschmidt Pierburg AG as well as regarding the squeeze-out of minority shareholders at Aditron AG SAP AG IT Legal advisory services to SAP AG in its public tender offer for shares in SAP SI

Syzygy AG IT Legal advisory services to Syzygy AG regarding the implementation of a fixed stock option plan (APB 25)

Wella AG Consumer Goods Legal advisory services to a US financial investor regarding the acquisition of shares in Wella AG in connection with the takeover of Wella AG by Proctor & Gamble Yukos Oil Negotiated listing paritculars with Newex Drafted all necessary documents Advised regarding any related documentation Table of Contents

1. Listing at Deutsche Börse Frankfurt

2. Listing at Deutsche Börse from a Chinese Prospective

3. Our Expertise

4. Our offices worldwide

5. Contacts 4. Our offices worldwide

Asien Latein Amerika

Beijing Buenos Aires* Hong Kong Caracas Shanghai Rio de Janeiro Tokyo Santiago* Santo Domingo

Europa Mittlerer Osten und Afrika Nordamerika

Cincinnati Phoenix Bratislava Milan* Riyadh* Cleveland San Francisco Brussels Moscow Columbus Tallahassee Bucharest* Prague Houston Tampa Budapest Warsaw Los Angeles Tysons Corner Dublin* Miami Washington DC Frankfurt

New York West Palm Kyiv* * = Assoziiertes Büro Beach Palo Alto London Table of Contents

1. Listing at Deutsche Börse Frankfurt

2. Listing at Deutsche Börse from a Chinese Prospective

3. Our Expertise

4. Our offices worldwide

5. Contacts 5. Contacts 5.1 Contacts in Frankfurt / Main

Thomas Busching Dr. Andreas Fillmann Partner European Partner Address:Taunusanlage 17 Address: Taunusanlage 17 60313 Frankfurt am Main 60313 Frankfurt am Main Germany Germany

Phone.: +49.69.17392.400 Phone.: +49.69.17392.400 Fax: +49.69.17392.401 Fax: +49.69.17392.401 Email: [email protected] Email: [email protected]

Jan Sudmeyer, LL.M. Stefan Peters Partner Associate Address: Taunusanlage 17 Address: Taunusanlage 17 60313 Frankfurt am Main 60313 Frankfurt am Main Germany Germany

Phone.: +49.69.17392.400 Phone.: +49.69.17392.400 Fax: +49.69.17392.401 Fax: +49.69.17392.401 Email: [email protected] Email: [email protected] 5. Contacts 5.2 Contacts in Shanghai and Hong Kong

Dan Roules Francis Li Partner Partner Address: 40th Fl., Gloucester Tower Address: Suite 1207, 12th Floor The Landmark Shanghai Kerry Centre 11 Pedder Street 1515 Nanjing Road West Central, Hong Kong Shanghai 200040, PRC Hong Kong SAR, China

Phone: +852.2509.9977 Phone:+86.21.6103.6300 Fax: +852.2509.9772 Fax:+86.21.6103.6363 Email: [email protected] Email: [email protected]

Amy Sommers National Partner Address: Suite 1207, 12th Floor Shanghai Kerry Centre 1515 Nanjing Road West Shanghai 200040, PRC