HAMS Endorsement Statement:
Institutional Shareholder Services

ISS is a research and consulting firm based outside Washington, DC. Our clients include over 500 institutional investors (banks, pension funds, investment companies, unit trusts, etc.) in the United States, Canada and Europe. We assist these clients in voting at shareholder meetings both in the United States and overseas. We are also committed to encouraging better corporate governance standards and practices, not only in the United States, but also worldwide. The Global Research department strongly believes that the HAMS initiative will prove to be a significant and positive step towards improving corporate governance practices and minority shareholder representation in Hong Kong.