Year-End 2018 Report

1 Data as of December 31, 2018. DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS REGIONAL TRENDS GLOBAL DR TRENDS Top Five Most Liquid DR Programs 1 Source: Bloomberg. DR Trading Volume 1 $1,358 TAIWAN CHINA INDIA JAPAN SOUTH KOREA OTHER AUSTRALIA HONG KONG 68 % 3 % 1 % 3 % 6 % 7 % 11 % 1 % Total DR Trading Volume: 54.3B Issuer Country Exchange 2018 Volume (DR Millions) Alibaba Group Holding Ltd China NYSE 5,124.4 JD.com Inc China NASDAQ 4,086.9 iQIYI Inc China NASDAQ 2,827.1 Infosys Ltd India NYSE 2,826.0 Vipshop Holdings Ltd China NYSE 2,313.5 29 Citi Depositary Receipt Services Year-End 2018 Report