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nzdienstleistungsaufsicht. Hong Kong: The 1% ownership disclosure as of the previous month end satisfies the requirements under Paragraph 16.5(a) of the Hong Kong Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission. (For research published within the first ten days
in Hong Kong. Korea:. Morgan Securities (Far East) Ltd, Seoul Branch, is regulated by the Korea Financial Supervisory Service. Australia: E. Morgan Australia Limited (ABN 52 002 888 01 I/AFS Licence No: 238188) is regulated by ASIC and E. Mo Securities Australia Limited (ABN 61 003 245 234/AFS Licence No: 238066
nzdienstleislungsaufsicht. Hong Kong: The l% ownership disclosure as of the previous month end satisfies the requirements under Paragraph 16.5(a) of the Hong Kong Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission. (For research published within the first ten days
ng Kong. Korea: J.P. Morgan Securities (Far East) Ltd, Seoul Branch. is regulated by the Korea Financial Supervisory Service. Australia: J.P. Morgan Australia Limited (AUN 52 002 888 011rAFS Licence No: 238188) is regulated by ASIC and J.P. Morgan Securities Australia Limited I ABN 61 003 245 3 EFTA_R1_02061136
nzdienstleistungsaufsichi. Deng Kong: The I% ownership disclosure as of the previous month end satisfies the requirements under Paragraph 16.5(a) of the Hong Kong Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission. (For research published within the first ten days
ng Kong. Korea: J.P. Morgan Securities (Far East) Ltd, Seoul Branch. is regulated by the Korea Financial Supervisory Service. Australia: J.P. Morgan Australia Limited (ABN 52 002 888 011/AFS Licence No: 238188) is regulated by ASIC and J.P. Morgan Securities Australia Limited (ABN 61 003 245 234/A FS Licence No: 2
Entities connected to both the Hong Kong and Australia Limited

New Zealand
LOCATION
Malaysia
LOCATION
Philippines
LOCATIONEngland & Wales
LOCATION
JPMorgan Chase
ORGANIZATIONthe Mexican Stock Exchange
ORGANIZATIONthe Taiwan Securities and Futures Bureau
ORGANIZATIONBombay Stock Exchange Limited
ORGANIZATIONthe Stock Exchange of Thailand
ORGANIZATIONCapital Markets Services License
ORGANIZATIONthe Philippine Stock Exchange
ORGANIZATIONthe Central Bank of Brazil
ORGANIZATION
the Ministry of Finance
ORGANIZATIONthe Stock Exchange
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATIONJPMSAL
ORGANIZATIONDubai Branch
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATIONthe Karachi Stock Exchange
ORGANIZATIONHong Kong Limited
LOCATION