KINGSFERRY CAPITAL

Kingsferry Capital is a Shanghai-based investment firm with $200 million of assets under management. Kingsferry Capital Management Group Limited ("Kingsferry Capital") and its affiliates manage portfolio funds with global mandates to invest in undervalued securities with strong potential for fair value realization and long term growth. Kingsferry Capital is an approved investment manager regulated by the British Virgin Islands Financial Services Commission, no. IBR/AIM/16/0140. Kingsferry Capital LLC ("KCLLC"), an affiliate of Kingsferry Capital, is a registered investment adviser in the State of California and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. KCLLC currently serves as a sub-adviser to Kingsferry Capital.