1 Fund Raising Funds Raising Maintain Momentum2011 Outnumber

绝密 1 Fund Raising Funds Raising Maintain Momentum，2011 Outnumber 2010 Amt. Raised 181 410 685 188 387 288 （US$ B） 80 250 70 200 60 24 50 150 40 4 20 10 2 16 37 2006 2007 45 14 12 2008 167 124 2010 15 1 by July 31, 2011 Amt. Raised by RMB Funds No. of RMB Funds（Right Axis） 240 Data Source ：Zero 2 IPO 50 0 2009 Amt. Raised by Foreign Currency Funds No. of Foreign Currency Funds（Right Axis） 79 21 7 0 No. of New Funds 100 18 30 118 164

绝密 2 LP’s Current Classification & Latent Capacity Local LPs’ Current Situation & Trend of Development in China Name Purpose of Investment Total AUM （Billion CNY） Potential Capacity of investment in PE （Billion CNY） NSSF Profit Cautiously 776. 5 100 FOF Profit >100 Government guide fund policy oriented strategy >100 Commercial Bank Profit 57600 2, 500 Commercial Insurance Company Profit 4400 >300 Securities Profit 1700 >60 Trust Company Profit 2000 80 Enterprise Annuity Profit Cautiously 200 >10 Private Enterprise / High-net-worth Individuals Profit 6, 000 （Only include Wenzhou） >100 Data Source ：Zero 2 IPO 2 Potential future funding: > 3350 bn CNY

绝密 3 China Market’s LP Distribution by Type China Market’s LP distribution by type （Amt. of Dry Powder） China Market’s LP distribution by type （No. of LPs） Up to June 30, 2011 FOFs; 78; 2. 0% Governmental Insurance Family Agency; 2. 88; Institution; Foundations; 1. 54; 0. 2% 1. 27; 0. 2% 0. 5% University & High-net-worth Foundations; Families & Enterprise; Government 6. 21; 1. 0% Individuals; 19. 16; 3. 0% guidance 4. 27; 0. 7% funds; 9. 94; Investment 1. 6% company; 16. 82; 2. 7% Assets management company ; 20. 95; 3. 3% Bank & Trust institution; 26. 08; 4. 2% Sovereign Insurance Institution; 21; wealth funds; Enterprise 16; 0. 4% 1. 0% Annuity; 3; University & 0. 1% Public pension Foundations; Family funds; 95; Listed 35; 0. 9% Foundations; 2. 4% company; 97; 15; 0. 4% 2. 5% Government guidance Governmental funds; 104; Agency; 109; 2. 6% 2. 8% Listed company; 171. 42; 27. 3% Investment company; 140; 3. 5% VC/PE; 268; Assets 6. 8% management company ; 143; 3. 6% Bank & Trust Enterprise; institution; 166; 762; 19. 3% 4. 2% FOFs; 32. 53; 5. 2% Enterprise Annuity; 31. 04; 4. 9% Sovereign wealth funds; 141. 00; 22. 4% Up to June 30, 2011 Public pension funds; 143. 18; 22. 8% Data Source ：Zero 2 IPO 3 High-net-worth Families & Individuals; 1895; 48. 0%

绝密 4 China Market’s LP Distribution by Currency China Market’s LP distribution by currency （No. of LPs） China Market’s LP distribution by currency （Amt. of Dry Powder） Up to June 30, 2011 GBP; 22; 0. 6% USD; 794; 20. 1% JPY; 30; 0. 8% Others, 114, 2. 9% Up to June 30, 2011 Euro; 38. 76; 6. 0% HKD; 11; 0. 3% Other; 5; 0. 1% RMB; 3039; 77. 0% Euro; 46; 1. 2% Data Source ：Zero 2 IPO 4 RMB; 261. 21; 40. 2% USD; 349. 18; 53. 8%

绝密 5 LP’s Trend in Development & Comparison Local LP Compare to Global High-net-worth Individuals’ investment willingness 80% 74. 7% （by Dry Powder） 68. 2% 70% 100% 90% 60% 50% 24% 80% 70% 46. 6% 40. 4% 38. 5% 40% 30% 2% 2% 10% 60% 35. 9% 50% 3% 22% 29% 6% 40% 28. 3% 27. 4% 24% 30% 20% 11. 6% 10% 20% 9. 6% 32% 10% 1% 0% 0% Fund Stock Bond Current Investment percentage 31% Real Estate Alternative Future Investment Percentage Data Source ：Forbes Chinese version of the private wealth research database Local Global Company Pension funds & Enterprise annuity Sovereign wealth funds Financial institution Governmental agencies Data Source ：Zero 2 IPO, Preqin 5