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Investor Presentaiton

1. Rating Corporate Governance Quality in Asia: ACGA - CLSA "CG Watch" Survey Market 2004¹ 20052 20073 1. Hong Kong 67 69 67 2. Singapore 75 70 Л 65 3. India 62 61 Д 56Д 4. Taiwan 55 52 ¦ 54 5. Japan I 51 =6. Korea 58 50 П i 49⇓ =6. Malaysia 60 00 56 Д 49 1. 2. Introduced a detailed survey and scoring methodology in 2004. Made the methodology more regorous in 2005. 8. Thailand 53 50 Д ¦ 47Д 9. China 48 44Л 45 3. Enhanced the methodology further in 2007. (No survey in 2006.) 10. Philippines 50 50 48 41⇓ 11. Indonesia 40 37 Л 37 4 ACGA Presentation HKCCA, May 6, 2009 Source: "CG Watch", a joint report by ACGA and CLSA Asia-Pacific Markets ACGA
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