Beijing British Virgin Islands Hong Kong Jakarta Singapore.

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1 Corporate Recovery and Insolvency Financial and Operational Restructuring Financial Investigations, Forensic Accounting and Expert Evidence Corporate and Strategic Advice Matrimonial, Trust and Probate Beijing Jakarta

2 Introduction To Borrelli Walsh SERVICES Borrelli Walsh is a specialist insolvency and restructuring firm. From its offices in Beijing,., Jakarta and, the firm is regularly instructed on assignments throughout the Asia Pacific region and internationally. The principals of Borrelli Walsh are leading providers of insolvency and restructuring services and are supported by a specialist team with a strong reputation for hard work and delivering solutions to complex problems. The firm works with clients and other stakeholders to avoid or resolve financial and operational problems and enhance and realise value in a low risk environment. It also has an enviable reputation for the stewardship of assets and companies that are the subject of dispute and/or litigation. Clients include local and international banks, bondholders, investment funds and private equity firms, lawyers, listed and private companies, regulators, industry bodies and government departments. The firm s Directors take a hands on role on all assignments including as directors internationally and legal representatives in PRC to facilitate low key and effective outcomes. Corporate Recovery and Insolvency Provisional, Compulsory, Creditors and Members Voluntary Liquidations Court and Private Receiverships Judicial Managership PRC Bankruptcy and Reorganisation Indonesian Suspension of Debt Payment Obligation (Penundaan Kewajiban Pembayaran Utang or PKPU ) Financial and Operational Restructuring Crisis and interim management Formal and informal restructurings and workouts Schemes of arrangement Cash and working capital management Financial Investigations, Forensic Accounting and Expert Witness Expert testimony Independent reviews and valuations of companies, businesses and assets Asset tracing, retrieval and realisation Business and accounting reconstruction and analysis Investigating director and auditor negligence Money laundering investigations Corporate and Strategic Advice Executive and non-executive directorships PRC Legal Representative appointments Acquisition and due diligence of distressed entities and assets Valuations Matrimonial, Trust and Probate Court appointed trustees and administrators Valuation and investigation of matrimonial assets and deceased estates Litigation support and dispute resolution

3 recent assignments PRC Joint and Official Liquidator and Provisional Liquidators of China Medical Technologies Inc in Cayman and Hong Kong. Extensive investigation of the affairs of the company and establishing the whereabouts and use of US$670 million raised in the United States and the conduct of recovery legal proceedings and asset attachment procedures in the United States, and PRC. Post reorganisation, Independent Director of Jaya Holdings, a company listed on the Exchange Limited, including membership of the Remuneration and Risk Committees. PRC Replacement asset manager of a portfolio of 7 investments located in PRC, and Malaysia valued at US$100 million. Industries include pharmaceuticals, aquaculture, manufacturing, shipping and technology. Chief Restructuring Officer of Global Beauty, a company providing nonmedical cosmetic treatment services with over 200 centres with 3,000 staff across Asia. Involved a review of operations to identify businesses to retain, dispose or fix. This led to a sale of certain businesses in various countries, working capital improvements through creditor management and development and implementation of centre restructuring initiatives to enhance profitability. Provisional Liquidators of listed China Metal Recycling, one of the largest scrap metal recycling companies in PRC, following an application by the Securities and Futures Commission. The work included steps to secure control over subsidiaries of the Company in BVI,, Macau, PRC and and investigation of the affairs of the Group. Court appointed Administrators in a probate dispute where the plaintiff sought to propound the Will of the deceased. The dispute involved the ownership of various assets with a total value of HK$440 million, including the beneficial ownership of shares in various companies. Established the assets and liabilities of the Estate and control of the assets, protecting and preserving them pending the resolution of legal claims. United States Expert witness before the United States District Court, Northern District of Texas, Dallas Division, in relation to due diligence, valuation, recovery and associated litigations of a US$1.1 billion non-performing loan portfolio. Cayman Islands Liquidators of a segregated portfolio company incorporated under Part XIV of the Cayman Islands Companies Law comprising two segregated portfolios. Our work included evaluating the possible conversion and sale of investments within the portfolios and investigations in order to enhance the recoveries available to all creditors. Bermuda Expert witness in a winding-up proceeding in relation to a Bermuda company listed in. The appointment followed concerns in respect of the disposal of assets. Liquidators of a BVI holding company of one of the largest security network infrastructure developers and security monitoring service providers in PRC. Established and maintained control of a local joint venture in order to restructure the Group. Investigations also led to legal proceedings against former directors to recover substantial investment funds. Indonesia Vice President, Restructuring, of PT Berlian Laju Tanker Tbk, a duallisted Indonesian shipping company with debt in excess of US$2 billion comprising a senior secured syndicate of international banks, high yield US$ bonds, convertible bonds, IDR bonds, lease, derivative and trade claims. Stabilising a crisis through implementation of vessel protection measures, cash flow management, restructuring an underperforming fleet by removing unprofitable vessels and contracts. Negotiated and implemented restructuring within the framework of a PKPU process in Indonesia, s210(10) in and Chapter 15 in the US. Malaysia Chief Restructuring Officer of an aluminium formwork construction business. Appointment (including as Director) to manage cash flow and improve supply chain. Restructuring included provision of new money facility and management buyout, led development of business plan initiatives including expansion of manufacturing facilities and entry into new markets. and Sydney Appointed Bankruptcy Trustees of two individuals involved in the transfer of properties to related parties. Investigations and extensive tracing exercise established the end recipient of funds and real estate. Applied to the Court to obtain a worldwide mareva injunction and legal proceedings were issued seeking declarations that transactions constituted a transaction at an undervalue with the intent to defraud creditors. A substantial settlement with the Bankrupts was secured and recoveries to the sole creditor within nine months of our appointment. Appointed to value a pool of marital assets and investigate associated transactions following a substantial contested divorce proceeding in Hong Kong. Investigation of the ownership of substantial international assets, verifying their value and investigating associated transactions. Assets included real estate, shareholdings, international listed securities in, Vietnam, BVI, UK and USA with a total value of around US$300 million.

4 SENIOR TEAM Cosimo Borrelli, Managing Director, Michael Chan, Director, Beijing Simon Ma, Director Luke Furler, Director T M / E cb@borrelliwalsh.com T M / E mc@borrelliwalsh.com T M / E sm@borrelliwalsh.com T M E lf@borrelliwalsh.com Jacqueline Walsh, Managing Director Liz Yuen, Director Sam Tai, Director Kevin Song, Director Beijing T M E jw@borrelliwalsh.com T M E ly@borrelliwalsh.com T M / E stai@borrelliwalsh.com T M E ks@borrelliwalsh.com Jason Kardachi, Managing Director, Jakarta Jocelyn Chi, Director Nilani Perera, Director british Virgin Islands T M / E jk@borrelliwalsh.com T M E jc@borrelliwalsh.com T M E np@borrelliwalsh.com

5 OFFICES Beijing Room 3706, Fortune Plaza Building A No.7 East Third Ring Middle Road Chaoyang District, Beijing P.R China T One Raffles Place Tower 2, # T /F Geneva Place 333 Waterfront Drive P.O. Box 3339 Road Town, Tortola, VG1110 T Jakarta 5080, 50th Floor Regus Grand Indonesia Menara BCA, Jl.M.H. Thamrin N0.1 Jakarta Indonesia T /F, Tower 1 Admiralty Centre 18 Harcourt Road T