| Company |
Analyst |
| BNP Paribas Peregrine Securities Limited |
Lance He |
| BOCI Research Limited |
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| Bocom International Holdings Company Limited |
Christian Jiang |
| Cazenove Asia Limited |
Juntung Wu |
| China International Capital Corporation Limited |
Hongyu Zhu |
| Citigroup Global Markets Asia Ltd |
Clement Wong |
| CLSA Limited |
Heather Hsu |
| Credit Suisse (Hong Kong) Limited |
Kenny Lau |
| CSC Securities (HK) Ltd. |
Leo Yan |
| Daiwa Institute of Research (HK) Limited |
Kevin Leung |
| DBS Vickers Securities |
Patricia Yeung |
| HSBC |
Ken Ho |
| ICEA Securities Asia Limited |
Kary Sei |
| JP Morgan Securities (Asia Pacific) Limited |
Karen Li |
| Kim Eng Securities (HK) Limited |
Ivan Cheung |
| Kingsway Financial Services Group Limited |
Eva Chun |
| Macquarie Securities Limited |
Andrew Dale |
| MainFirst Securities HK Ltd. |
Leon Chik |
| Merrill Lynch (Asia Pacific) Limited |
Mark Chang |
| Morgan Stanley Asia (Singapore) Pte. |
Charles C.Spencer |
| Nomura International (Hong Kong) Limited |
Dave Chiou |
| Polaris Capital (Asia) Limited |
Graham Ormerod |
| South China Research Ltd. |
Raymond Ching |
| Standard and Poor's Equity Research |
Siti Rudziah Salikin |
| Sun Hung Kai Investment Ltd |
Steven Yuan |
| UBS Securities Asia Limited |
Mike Mi |
| UOB Kay Hian (Hong Kong) Limited |
Mark Po |
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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.

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