Mid-Year Report

Investor Relations Citi Depositary Receipt Services is committed to providing issuers with expertise, resources and strategic concepts to support their IR program taking into account the unique situation of each company. We work together with the IR team and assist them in putting together the tools and activities that they need to achieve their specific IR goals. In our ever faster changing world, IROs are facing many challenges generated by factors such as the macro environment, shifting investor tactics, the permeation of big data in investment strategies, the continually rising focus on ESG as well as changes in the regulatory environment. Citi’s IR Advisory team provides clients with the relevant knowledge to navigate the changing IR landscape. Our goal is to support clients in building a comprehensive strategic IR program that delivers results while at the same time updating them on all the significant changes and new ideas that are pertinent to the IR profession and global best practice. To disseminate information on the issues that are discussed in the global IR community, to educate about new trends while at the same time creating networking opportunities among our clients, Citi hosts seminars and roundtables across EMEA, Asia and Latin America throughout the year. Our annual signature events are the IR Academy in New York (September) and Shareholder University in London (November) In the first half of 2019, we spend 1x1 training time with several of our newer clients. We advised clients on how to organize best in class investor days and had many conversations on implementing or upgrading ESG programs as well as conducting stewardship roadshows. We were successful in connecting clients to ESG investors. Citi Depositary Receipt Services’ Global Client Events for first half of 2019 March 20 • IR Magazine U.S. Awards, New York April 3 • IR Academy, Bogota May 20 • IR Symposium, Kazakhstan June 2 – 5 • NIRI Annual Conference, Phoenix June 25 • IR Academy, Seoul June 28 • IR Luncheon, Hong Kong 36