Cathay Capital NA
Information contained herein is confidential and includes proprietary non-public information respecting Cathay Capital NA, LLC, Cathay Capital North American-Sino Fund GP, LP (together "Cathay Capital US"), their investment activities and its various investment funds under management. Cathay Capital US, nor any of its respective affiliates have made any representation or warranty, express or implied, with respect to fairness, correctness, accuracy, reasonableness, or completeness of any of the information contained herein (including, but not limited to information obtained from third parties) and they expressly disclaim any responsibility or liability therefore. These materials do not constitute an offer to sell or a solicitation of an offer to purchase any securities or other interests in any fund managed or being offered by Cathay Capital US (a "Fund"). Any such offer or solicitation shall only be made pursuant to a final confidential private placement memorandum of the Fund, which supersedes the information contained herein in its entirety. Interests in the Fund have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the applicable securities laws of any U.S. state or any non-U.S. jurisdiction. The Interests are being offered and sold in reliance on exemptions from the registration requirements of the Securities Act and applicable securities laws. There is no public market for the Interests and no such market is expected to develop. Interests in the Fund cannot be transferred or resold except as permitted under the constituent documents of the Fund and unless they are registered under the Securities Act and under any other applicable securities laws or an exemption from such registration is available. Interests in the Fund have not been approved or disapproved by the U.S. Securities and Exchange Commission or by the securities regulatory authority of any state or other relevant jurisdiction, nor has any other authority or commission passed upon the accuracy or adequacy of this presentation. Any representation to the contrary is unlawful.