Page 85 - ASCOT GROUP COMPLETE DOCUMENT (2)

Concord Fund
Founding Partner, Beijing 2014 – 20 20

 Concord invests in advanced enterprises and projects with clear synergy from
connecting major economies and markets. Concord currently has an international
investment team with diverse backgrounds, outstanding track record and
extensive experience, as well as strategic partners in key markets around the
world

Investment Banking
Morgan Stanley / Nomura International / Lehman Brothers 2004 - 201 4

 Extensive transaction execution experiences, including M&A advisory, debt and
equity financings, financial modeling, valuation, LBO analysis, due diligence and
day-to-day client interactions
 Extensive industry experiences in TMT, Natural Resources and Power Industries

Morgan Stanley HUAXIN Securities
Executive Director, Shanghai 201 2 – 201 4

 MS HUAXIN is a joint venture between Morgan Stanley and Huaxin Securities.
Major focused areas include underwriting and sponsoring stocks (including RMB-
denominated ordinary shares and foreign currency-denominated shares) and
bonds (including government bonds and corporate bonds) issuance.

Morgan Stanley Vice President, Hong Kong 2010 – 2012

Key Transaction Experiences

 China Flooring’s $142mm IPO, Agricultural Bank of China’s $19.21bn IPO,
Zoomlion’s $1.7bn IPO

Nomura International
Associate, Hong Kong 2008 - 2010

Key Transaction Experiences

 PetroChina’s $1.19bn acquisition of PSC from CNPCI, Chinalco’s $19.5bn follow-up
attempt to build up stake in Rio
 Tinto, Shanda’s $50mm tender offer for 51% of Hurray!