HAUCK & AUFHÄUSER PRIVATBANKIERS:

INDEPENDENT CORPORATE FINANCE ADVISORY

Confidence arises from responsible actions

Presentation for Corporate Finance Clients/Hauck & Aufhäuser Privatbankiers since 1796 2

WHO WE ARE

We like to refer to our founders. The spirit and tradition in which

Hauck & Aufhäuser Private Bankers support their clients have

essentially remained the same since 1796.

We see our independence as the basis for a trusting long-

term cooperation

A personal and integrated analysis precedes every

investment decision.

Entrepreneurial thinking and responsible actions determine

our business philosophy

INDEPENDENT - PERSONAL - ENTREPRENEURIAL

Since more than 200 years, we as independent private bankers

have been at our clients' site – currently with approx. 530

employees.

530 EMPLOYEES

2,813 Mio. EUR BALANCE SIZE

160 Mio. EUR CORE CAPITAL

80 Bn. EUR AUM

9,000 CUSTOMERS

7 BRANCHES IN GERMANY, LUXEMBURG,

UK & SWITZERLAND

220 HISTORY

NO.1 POSITIONING IN MID-CAP SEGMENT OF

INVESTMENT BANKING

KEY FIGURES

Hauck & Aufhäuser – trusted partner since 1796

3

History

1796

Friedrich Michael

Hauck was founding

partner of „Gebhart &

Hauck“, German

security- and

commission-company

based in Frankfurt am

Main.

1950/

1990

Both banks were

pioneers in the fund-,

leasing- and forfeiting-

business.

„Georg Hauck & Sohn“

was co-founder of the

leading German global

Asset Management

company DWS.

Both banks have

nominated presidents

for the German Stock

Exchange.

Over the last 220 years we have developed a strong relationship with our clients – not only in financial matters

In 1998 the merger

between the two banks

was achieved

successfully. Since

then, It operates under

the new name “Hauck

& Aufhäuser

Privatbankiers KGaA”

and becomes a leading

Private Bank in

Germany.

1998/

2016

Presentation for Corporate Finance Clients/Hauck & Aufhäuser Privatbankiers since 1796

1860/

1870

The company was

renamed „Georg

Hauck & Sohn“.

The bank „Aufhäuser &

Scharlach“ was

founded in Munich and

became one of the

leading Private Banks

in South Germany.

1880/

1940

The companies „Georg

Hauck & Sohn“ and

“H. Aufhäuser” have

taken an important part

in financing the leading

German industrial

enterprises.

In September 2016

successful completion

of the purchase of the

bank by the Chinese

subsidiary Fosun.

Thereby opening new

markets and growth

prospects. In addition,

the bank holds

holdings in easyfolio

and the NAGA Group,

in order to step up their

own digitalization

2016

Why Hauck & Aufhäuser Privatbankiers?

Presentation for Corporate Finance Clients/Hauck & Aufhäuser Privatbankiers since 1796 4

We are a leading independent financial advisor with integrated

excellence across the full banking spectrum, solving

challenging and complex problems following a holistic

approach.

One stop shop – everything under one roof

High degree of flexibility

Individuality and absolute discretion

Team of specialists with a high level of seriousness and

seniority

Rapid decision process due to flat hierarchies

Complete solutions in the regulated and unregulated sectors

In-depth understanding of client needs enables swift

response to changing market conditions

Global reach with local people and local knowledge

WHO WE ARE STRONG EUROPEAN TEAM WITH GLOBAL REACH

Munich

London

Zurich

Hong Kong

New York

Shanghai

Hamburg

Frankfurt

Paris

Luxemburg

Hauck & Aufhäuser Privatbankiers: Our service offering

5

Back Office

Hauck & Aufhäuser

Privatbankiers

Private Banking

Capital Markets

Asset Servicing

Asset Management

Investment Banking

Discretionary Portfolio

Management

Managed Accounts

Advisory Service

Private Equity

Corporate Lending

Successor Financing

Digital Wealth

Management

Fixed Income / Equities /

Commodities / Certificates

Mutual Funds / Special

Funds

Multi-Asset Strategies and

Alternative Investments

Conservative / Balanced /

Dynamic / Market

independent

Capital Preservation- and

Overlay Methods

Private and Institutional

clients

Equities

Institutional Research

Equity Sales

Equity Sales Trading

Designated Sponsoring

Corporate Finance

Equity Capital Markets

Debt Capital Markets

M&A-Advisory

Securities Trading

Institutional Cross-Asset

Execution

Futures Trading

Fund Trading

Fund Trading/Pooling

FX Trading

Fixed Income

Fixed Income Sales

Trading

Institutional Sales

Trading

Client Solutions

Custodian (Depotbank) for

UCITS and Alternative

Investment Funds such as

Real Estate or Private

Equity (AIFs) in Germany

and Luxembourg

Fundadministration of

UCITS and AIFs in

Luxembourg with own fund

administration companies

Cooperation with well

known leading investment

companies

Presentation for Corporate Finance Clients/Hauck & Aufhäuser Privatbankiers since 1796

International mid-market corporate finance advisory

6 Presentation for Corporate Finance Clients/Hauck & Aufhäuser Privatbankiers since 1796

European footprint with global reach

Fully integrated range of

financial services addressing

all aspects of corporate

finance advisory

Our approach is based on

trusted long term

relationships and a good

understanding of our clients’

interests

Committed to assist

companies in the overall

execution of their corporate

strategy. Strategic advisory

augments transaction

advisory

Cross border advisory with a

dedicated Sino-German

Corporate Finance team

located in China and

Germany

Corporate Advisory Mergers &

Acquisitions Equity Capital Markets

Strategic analyses and

options’ assessment

Development of

proprietary strategic

opportunities

Portfolio reviews

Succession planning

Entry / exit strategies

Market analyses

Acquisitions, Divestments

Management buy-outs/

buy-ins

Leveraged buy-outs

Strategic alliances / joint

ventures

Fairness opinions

Defense advisory

Capital market consulting

IPO

Capital Increase and

right issues

Placements, block trades

Public takeovers

Delisting

Re-financing, -structuring

Bond, Convertibles

Equity Research Equity / Debt

Capital Markets Institutional Research

Monitoring 140

companies in it’s markets

Release of publications

Equity research

Macroeconomic research

Asset allocation research

Providing investment

recommendations

New York Zurich Munich Hamburg Frankfurt Paris Hong Kong Shanghai London Luxemburg

7 Presentation for Corporate Finance Clients/Hauck & Aufhäuser Privatbankiers since 1796

A comprehensive range of

professional services are a

commitment to all kinds of

Chinese clients: private,

corporate and institutional

clients.

The tailor-made one-stop

solution: in combination with

core products and the

satellites can create added

value for the client.

Merchant Bank business

model: Sell Side Investment

Banking plus Private Banking,

Buy Side Investment Banking

plus Investment (Private

Equity Funds) with Fosun

supports can max. cross

selling opportunities.

To achieve Fosun synergies

by leveraging Fosun resources

in Asia and expertise of H&A in

Europe aiming to build up

bridge for Asian and European

customers.

The core satellite concept covering the full value chain of banking

Asset

Management

Corp.

Finance

Asset

Servicing

Wealth

Mgmt

Alternative

Investment

Corp.

Lending

M&A

Advisory

Advisory

Service

Real Estate

Investment

Financial

Planning

Trust

Solutions

Institutional

Research

Company

Establish-

ment

Capital Markets

Services

Asset

Servicing

Support

Tailor-made one stop shopping solutions for international clients

8

Why Hauck & Aufhäuser Corporate Finance?

Presentation for Corporate Finance Clients/Hauck & Aufhäuser Privatbankiers since 1796

Dedicated Sino-German M&A team with

Chinese and German professionals located in

Shanghai and Frankfurt

Broad and deep industry know-how across

various sectors

Strong and established network to identify

potential business opportunities and takeover

target companies

Best M&A execution

Knowledge of the German M&A rules, market

practices and procedures

Proven track record of numerous Small- and Mid-Cap transactions

More than 500 potential institutional investors

Broad network and exclusive access to

attractive investors as well as fund managers

and family offices all over the world

Customized Roadshows / Investor Targeting

Leading Research specialist for small- and

mid-cap stocks in the German-speaking

region (DACH)

12 Analysts covering 140 companies

Pro-active, detailed and idea-driven research

Global sales team with local presence

Located in New York City, London, Zurich,

Paris, Frankfurt and Hamburg

… servicing approx. 400 leading international

institutional investors throughout United

States, Canada, China, United Kingdom,

Germany, France, Swiss, Poland, Spain,

Italy, Benelux and Scandinavia

Long-term number 1 rated team members for

German Mid Caps by Extel Survey

Customer-oriented team with tailor-made

services for Institutional Clients

Long-standing relationships with international

investors

Access to broad base of company related

shareholders

Strong market shares for most of the analysed

companies

Specialized senior team with more than 15 yrs experience

>50 designated sponsoring mandates

Consistent overachievement of the

requirements for the „AA“ top rating in

Germany & Austria

Institutional

Research

Institutional

Research

Mergers &

Acquisitions

Equity Sales

Trading

Designated

Sponsoring

Equity Sales

Equity Capital

Markets

Your contacts

9 Presentation for Corporate Finance Clients/Hauck & Aufhäuser Privatbankiers since 1796

Dr. Helen Liang

Member of the Executive Board

Head of China Desk

Hauck & Aufhäuser Privatbankiers KGaA

Phone +49 69 2161–1200

E-Mail helen.liang@hauck-aufhaeuser.com

Philipp Schale

Director Mergers & Acquisitions

Hauck & Aufhäuser Privatbankiers KGaA

Phone +49 69 2161–1506

E-Mail philipp.schale@hauck-aufhaeuser.com

Disclaimer

10

This is a marketing communication in terms of the Securities Trading Act.

The information included in this document does not constitute investment

consulting, but briefly summarises the essential features of the fund. All

information was carefully compiled, partly by taking third party information

into account. Individual details may turn out to be no longer correct

particularly by lapse of time or as a consequence of changes to legislation.

Therefore, we do not assume any guarantee for the correctness,

completeness and topicality of any details. As far as statements on market

developments, returns, gains or other asset growths as well as key risk

figures are made, they merely constitute forecasts for the occurrence of

which we do not assume any liability. In particular, earlier performances,

simulations or forecasts are no reliable indicator for future performance. The

Essential Investor Information is accessible at

https://www.hauck-aufhaeuser.com/produktinformationsblaetter

The information there provided may be continuously accessed in its valid

version. Furthermore, you can receive this information free of charge at any

time via your contact. The complete information on the fund can be found in

the Essential Investor Information and the prospectus together with the

respectively last audited annual report and additional respective half-year

report, if a half-year report newer than the last annual report is available.

These documents constitute the sole binding basis of the purchase. As far

as tax or legal matters are concerned, they should be discussed by the

addressee with their tax adviser and/or lawyer. You can receive the above

sales documents in electronic or printed form from the offices of Hauck &

Aufhäuser Privatbankiers AG, Kaiserstraße 24, 60311 Frankfurt am Main

and/or Seidl Forum, Seidlstraße 21, 80335 Munich or at Hauck & Aufhäuser

Investment Gesellschaft S.A., 1c, rue Gabriel Lippmann, L-5365 Munsbach.

Presentation for Corporate Finance Clients/Hauck & Aufhäuser Privatbankiers since 1796