A Merchant Bank for China JFP Holdings: Who We Are Introduction . Beijing-based merchant banking firm founded by Jack Perkowski, a private equity and auto industry pioneer in China. China staff includes a mix of Chinese professionals with substantial management Strategy experience in sales, marketing, operations, technology and government relations and Western professionals with financial expertise. Representatives in the United States, Japan and the United Kingdom. Key Services Implementation . Strategic Advisory: Assists international companies to develop and implement their strategies for China. Mergers & Acquisitions: Assists international companies to make acquisitions in China and Chinese companies to acquire companies overseas. Capital: Raise debt and equity capital from Chinese and international sources. Research: Provide value added research ideas on Chinese companies listed in M&A And Capital China and overseas stock exchanges. 2 CONFIDENTIAL Founder’s Profile – Jack Perkowski . Founded JFP Holdings in April 2009. Managing The Dragon: How I’m Building a Billion-Dollar Business in China, published March 2008. 20+ years experience in China: Private equity and auto industry pioneer in China; raised $400 million for investment in the country; founded ASIMCO Technologies in “I’ve just finished Managing the 1994; Board Member, Credit First, China’s first independent Dragon, which I thought was auto leasing company; Member of China Advisory fantastic. I was riveted by it. I cannot believe what Jack Perkowski has Committee, Magna International; Board Member and accomplished and what an adventure Chairman of the Special Committee of Fushi Copperweld he’s had, how he lived through it, how from 2008 to 2012. he has succeeded, and how well written his book is. It reads . 20 years experience on Wall Street: Head of investment somewhere between a novel, a how- banking at PaineWebber in mid-1980s; negotiated a $350 to book, and primer on a second million capital infusion into PaineWebber by Yasuda Life in business life in a developing country.” the aftermath of Black Monday; raised over $1.2 billion in —Michael Eisner private placements of debt and equity and $1.0 billion to finance 10 office complexes in the U.S. as the head Paine “If you want to do business in China, Webber’s Real Estate group. Jack Perkowski is your man. In Managing the Dragon he takes you . Named one of “30 Outstanding Entrepreneurs in China’s into the heart of the Middle Kingdom Auto Components Industry During the 30 Years of Economic and shows you the way with insight, Reform” by China Auto News, the only foreigner to receive humor, and the kind of practical the honor. advice an entrepreneur or a down- home tourist needs to navigate this . Graduated from Yale and Harvard Business School. Played in fascinating and often bewildering the famous “29-29 Tie” between Yale and Harvard in 1968. colossus of a country.” Baker Scholar at HBS. —Tom Brokaw 3 CONFIDENTIAL Advisory and Financial Services Market Analysis Strategy Implementation . Analyze size, growth and . Assist clients to develop . Provide an immediate on- market trends business plans and feasibility the-ground presence . Research studies . Assist clients to implement . Identify foreign and local . Develop a China strategy a China strategy competitors . Quantify the economics of in- . Help to identify and . Evaluate product or service country manufacturing, sales develop a local competitiveness and service management team . Identify customers and . Identify potential joint . Establish a legal and channels of distribution venture, manufacturing, physical presence in China service or sales partners . Define the keys to success . Assist clients in establishing . Identify growth areas for the necessary relationships . Establish affordability price client expansion plans in with government agencies points China 4 CONFIDENTIAL Advisory and Financial Services (Cont.) Capital Acquisitions Equity Research . Assist clients in deal . Global Clients:. Identify . Thesis: Many good structuring acquisition candidates and Chinese companies are . Identify the best funding business partners in China selling at significant options . China Clients: Identify discounts in overseas markets . Obtain the capital needed overseas acquisition to fund China strategies candidates . Thesis: Close the . Assist in acquisition information and . Access private equity credibility gap that exists sources of capital negotiations . Provide proprietary, value . Arrange bank financing . Arrange acquisition financing added research on Chinese companies listed on overseas markets . Provide bespoke research services for institutional clients 5 CONFIDENTIAL What Sets JFP Holdings Apart On-the-Ground Highly Experienced, Global Extensive Relationships Substantial Advisory Operating Experience Professional Team Across China Services Track Record ▪ Business Builder and ▪ 21 Western and Chinese team ▪ Chinese Strategics: ▪ Broad Range of Clients and Operator in China: members, including 12 senior ‒ Longstanding relationships Industries: ‒ Created ASIMCO transaction executives and with Chinese industry ‒ Chinese and Western Technologies, the largest special industry advisors. players based on twenty operating companies. independent automotive years of operating ‒ Financial investors. components manufacturer ▪ Headquartered in Beijing with experience in China. ‒ Industrial, automotive, in China. overseas presence in the U.S., consumer products, ‒ Established JFP Holdings, a Japan and U.K. ▪ Chinese Financial Sponsors: healthcare, financial leading China-based ‒ Substantial knowledge and services. financial and strategic ▪ Extensive experience in understanding of domestic advisory firm. investment banking, private and international private ▪ Extensive Range of equity, marketing, operations, equity funds and their Transactions: ▪ Sophisticated Investor: strategic advisory, technology offshore M&A strategies. ‒ Strategy development and ‒ Built one of the earliest and government relations. execution. and largest China-focused ‒ M&A. PE investment groups. ▪ Substantial domestic and ‒ Corporate finance. ‒ Invested in 19 companies cross-border M&A expertise. across China. 6 CONFIDENTIAL On-The-Ground Operating Experience Founded by Jack Perkowski in February 1994, ASIMCO Technologies pioneered China’s auto supply industry as the first industry consolidator and a leading independent automotive components company in China with sales in excess of $650 million. Sold to Bain Capital in 2010. Products Locations Customers Management . Blocks and heads, piston . Headquarters: Beijing, PRC. 85% China. Pioneered the rings, camshafts, fuel . 10 manufacturing facilities. 15% overseas, primarily development of local systems, compressors, . 52 sales offices in China. U.S., Europe and Japan. management in China. starters and alternators, . Regional offices in the U.S., . Leading assemblers and . Named one of the “Ten NVH, and other products. Germany and Japan. Tier-One companies in Best Employers in China” China and globally. three times. ASIMCO’s Competitive Advantages Comprehensive Product . Offers most major components to the diesel engine market. Portfolio . Dominant market share in core product areas; typically holds the #1 or #2 market position in China. Entrenched Customer . Longstanding relationships with the largest diesel engine OEMs in China. Relationships . Unequaled knowledge of local market and global trends. Extensive distribution network in China. Domestic Distribution Network . Ability to service aftermarket that is vital to customer relationships. Engineering leadership in China spearheads the development of next generation products. Market-Leading Engineering . Shapes product portfolio based on direct feedback from customers. and Product Development . Collaborates directly with customers on the design, specification and development of new products. Localized market intelligence and expertise on the changing dynamics in the Chinese market. Platform for Growth . Potential to expand product offerings through licensing agreements or joint ventures. Acquisition opportunities in related product lines. 7 CONFIDENTIAL On-The-Ground Operating Experience ASIMCO Technologies operates a global business platform that offers a wide range of key products with world-class technology to major automotive manufacturers around the world. Global Operations Product Portfolio . 10 manufacturing facilities, 6 R&D 1. Beijing Fuel Systems Engine Systems Braking Systems centers, 52 sales offices, and 800 Headquarters services centers in China. Fuel System . 3 overseas sales branches. 2. Tianjin Aluminum Casting 3. Hebei Air Compressor Brake Disc Noise, Vibration & Rotating Electric 4. Shanxi Harshness 1 2 4 3 Foundry for Engine 7 Head & Block 5. Hubei 5 6 Starter & Alternator 6. Anhui NVH and Rubber Products Multinational Customers and Technology Partners 7. Jiangsu Piston Ring Camshaft 10 Powdered Metal Parts 9 8 8. Tokyo Japan ASIMCO Sales Presence 9. Michigan USA ASIMCO Sales & Trading Office 10. Europe ASIMCO Sales Presence 8 CONFIDENTIAL JFP Equity Research and Mike Kobal JFP Equity Research Mike Kobal . An independent, Beijing-based research company . A Chartered Financial Analyst and fluent Mandarin speaker established in January 2015 that provides value-added who has spent over a decade in China, Taiwan and equity research on Chinese companies listed in Shanghai, Southeast Asia conducting bottom-up fundamental research Shenzhen or on overseas stock exchanges.