Citi Depositary Receipt Services Year-End 2017 Report

Investor Relations Citi Depositary Receipt Services is dedicated to providing issuers with expertise and resources to support their IR program by focusing on the unique situation of each company and — in cooperation with the IR team — helping them develop solutions to help them achieve their specific IR goals. In an environment where IR best practice is constantly evolving, driven by regulatory change, technological developments and the paramount need for issuers to stand out from the crowd to attract new investors, Citi provides clients with the knowledge required to help build a comprehensive IR program that delivers results. Throughout the year, Citi hosts roundtables and other events across EMEA, Asia and Latin America, as well as the signature IR Academy in New York and Shareholder University in London, to update clients on issues that are discussed in the global IR community. In 2017 our IR experts focused on three main subjects in client updates and meetings: 1. New trends in ESG, specifically the ongoing discussion on how to determine what information is material to a particular company, and how traditional concepts of materiality play into the ESG analysis; 2. MiFID II and the potential changes this new regulation can bring to issuers globally; and 3. Ongoing changes in the investor landscape and their impact on investor relations: The shift to passive, the rise of quantamental investing and the spread of shareholder activism. Citi Depositary Receipt Services Global Client Events — 2017 Q1 2017 • Webinar: Taiwan Proxy Trends • IR Magazine U.S. Awards, New York • IR Roundtable Madrid Q2 2017 • DKBIO2017: Danish biotech days at Citi Global Headquarters, New York • LSE Conference Tel Aviv • NIRI Annual Conference, Orlando, Florida • Think Tank and IR Magazine Europe Awards, London • IR Academy Seoul Q3 2017 • IR Academy Taipei • IR Academy Mumbai • Ipreo IR Wisdom Summit, Hong Kong and Beijing • Middle East Investor Relations Association Annual Conference, Dubai • Flagship IR Academy New York • IR Academy Buenos Aires • Russian Investor Relations Magazine Awards, Moscow Q4 2017 • IR Academy São Paulo • IR University and Shareholder University, London • IR Academy for Asian Issuers, Bangkok • IR Roundtables — Hong Kong, Taipei, Seoul • IR Magazine Greater China Conference & Awards, Hong Kong 46