Company	Equity Analyst
BNP Paribas Peregrine Securities Limited	Kathryn Ding
China International Capital Corporation Limited	Jacqueline Guan
Citigroup Global Markets Asia Ltd	Eric Lau
CLSA Limited	Lim Tay Her
Credit Suisse (Hong Kong) Limited	Kenny Lau
CSC Securities (HK) Ltd.	Lantis Li
DBS Vickers Securities	Patricia Yeung
Deutsche Bank AG	Eugene Yeoh
HSBC	Walden Shing
JP Morgan Securities (Asia Pacific) Limited	Leon Chik
Kim Eng Securities (HK) Limited	Ivan Cheung
Macquarie Securities Limited	Pelen Ji
MainFirst Securities (Hong Kong) Limited	Andrew Leung
Morgan Stanley Asia (Singapore) Pte.	Charles C.Spencer
Polaris Capital (Asia) Limited	Graham Ormerod
Standard Chartered Bank (Hong Kong) Limited	Juntung Wu
UOB Kay Hian (Hong Kong) Limited	Mark Po

DISCLAIMER: It is our understanding that the institutions and analysts listed above provide research coverage on ND Paper. This list may not be comprehensive nor up-to-date as institutions may from time to time change their analyst appointment or research coverage without notifying us. Any views, estimates, projections or recommendations provided by these institutions and analysts do not necessarily represent or reflect the views, estimates, projections or recommendations of ND Paper, its directors or management. By listing such research coverage above, ND Paper does not imply its endorsement of, agreement on or propagation of the views, estimates, projections or recommendations provided by these institutions and analysts.