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To the extent that any of the foregoing assumptions or any of the facts on which the opinion is predicated prove to be untrue in any material respect, the opinion cannot and shouldn’t be relied upon for any function. At the assembly of the particular committee on February 2, 2016, Duff & Phelps rendered its oral opinion to the particular committee that, as of such date and primarily based upon and subject to the procedures followed, assumptions made, issues considered and qualifications and limitations on the evaluate undertaken by Duff & Phelps, the Per Share Merger Consideration to be obtained by the holders of Shares and the Per ADS Merger Consideration to be received by the holders of ADSs within the Merger were fair, from a financial point of view, to such holders Duff & Phelps had not been requested to, and did not, provoke any discussions with, or solicit any indications of curiosity from, third events with respect to the Merger, the belongings, businesses or operations of the Company, or any alternatives to the Merger, negotiate the phrases of the Merger, and due to this fact, Duff & Phelps assumed that such terms were essentially the most beneficial terms, from the Company’s perspective, that could, beneath the circumstances, reasonably be negotiated among the many parties to the Merger Agreement and the Merger, or advise the special committee or some other party with respect to options to the Merger. Furthermore, in Duff & Phelps’ analysis and in connection with the preparation of the opinion, Duff & Phelps made quite a few assumptions with respect to business performance, common business, market and financial conditions and different issues, lots of that are beyond the control of any party involved within the Merger and as to which Duff & Phelps did not express any view or opinion in the opinion, together with as to the reasonableness of such assumptions. • assumed any changes to the Per Share Merger Consideration or the Per ADS Merger Consideration pursuant to the Merger Agreement is not going to be material to the analyses or the opinion.

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