Ward Ferry Management

WARD FERRY is an independent investment firm founded in 2000 and based in Hong Kong The firm manages investment funds focused on the Asia Pacific region for global institutional investors Ward Ferry Management Limited is regulated by the Hong Kong Securities and Futures Commission and the United States Securities and Exchange Commission

2608, 26th Floor, Two Exchange Square, Central, Hong Kong WARNING The information contained in this Ward Ferry Management website (the “Website”) is provided for information purposes only Under no circumstance should any material on this Website be used for or considered as an offer to sell or as a solicitation of an offer to sell or buy any interest in any investment fund managed or advised by Ward Ferry Management (the “Investment Funds”) Nothing contained in this Website shall, or is intended to, be a recommendation or constitute financial, legal, accounting, tax or other advice Hong Kong Hong Kong persons should note that information in this Website is intended for professional investors only (as defined under the Securities and Futures Ordinance of Hong Kong (Chapter 571) and rules made thereunder) United Kingdom Ward Ferry Management (UK) Limited (FRN: 791722) is an appointed representative of Duff & Phelps Securities Ltd (FRN: 466588) which is authorised and regulated by the Financial Conduct Authority Ward Ferry Management (UK) Limited is a wholly owned subsidiary of Ward Ferry Management (BVI) Limited AIFMD Neither the Investment Funds nor Ward Ferry Management has complied with, or currently intends to comply with, the requirements of the Alternative Investment Fund Managers Directive ("AIFMD") of the European Union Accordingly, no direct or indirect offering or placement of shares of the Investment Funds by or on behalf of the Investment Funds or Ward Ferry Management may be made to or with investors domiciled or with a registered office in member states of the European Union in breach of either the applicable requirements under the AIFMD or the applicable requirements under the private placement regime in each relevant member state Restriction on Use Any reproduction of this Website or the information contained herein, in whole or in part, is prohibited Prior permission is required for any use of materials on this Website Any unauthorized use of the images on this Website may violate copyright laws, trademark laws, the laws of privacy and publicity, and communications regulations and statutes The content of this Website has not been reviewed by any regulatory authority You are advised to exercise caution and if you are in doubt about the content of this Website, you should obtain independent professional advice