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86 21 63 52 55 66 Email: Kewei Hu Consultant, China Desk BDO Deutsche Warentreuhand AG Wirtschaftspr252。fungsgesellschaft Ferdinandstr. 59 20225 Hamburg Tel. + 49 40 / 30 29 3537 Fax. + 49 40 / 30 29 3331 Email: 19 Disclaimer This preliminary document has been prepared by BDO Deutsche Warentreuhand AG (“DWT”) and BDO Corporate Finance Services GmbH (“CFS”). The information and opinions contained in this document are derived from public and private sources which we believe to be reliable and accurate but which, without further investigation, cannot be warranted as to their accuracy, pleteness or correctness. This information is supplied on the condition that DWT and CFS, and any partner or employee of DWT and CFS, are not liable for any error or inaccuracy contained herein, whether negligently caused or otherwise, or for loss or damage suffered by any person due to such error, omission or inaccuracy as a result of such supply. In particular any numbers, initial valuations and schedules contained in this document are preliminary and are for discussion purposes only.