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n Staley Asia United (which may's respasititity for its conteds) at by Balk Morgan Staley AG. Hong Kong Branch in Singapore by Morgan Stanley Asia (Singapore) Pte. (Registration amber 1992062962) ancVcr Merge) Staley Asia (Singapore) Securities Pie Ud (Registration amber 2C0008434H), regulated by the Mcnetay A
mendaticnsoniews in ttis report: Nichael CYprys. Bless otherwise stated, the inchiduals listed on the we page of this report we research analysts. Global Research Conflict Management Policy Morgan Stanley Research has been published in accordance with our solid managemerd party, which is malaria at www.morganstanley.carYinstitutionanrese
y Asia Limited (which accepts responsbifity for its contents) and by Bank Morgan Stanley AG. -Hong Kong Branch: II Singapore by Morgan Stanley Asia (Singapore) Pte. (Registration number 1992062982) anclor Morgan Stanley Asia (Singapore) Securities Pte Ltd (Registration number 200008434H). regulated by the Monet
or views in this report: Matthew Harrison. Unless otherwise stated. the individuals listed on the cover page of this report are research analysts. Global Research Conflict Management Policy With our conflict management policy. which is available at Important US Regulatory Disclosures on Subject Companies As of June 30, 2014, Morgan St
y Asia Limited (which accepts responsbifity for its contents) and by Bank Morgan Stanley AG. -Hong Kong Branch: II Singapore by Morgan Stanley Asia (Singapore) Pte. (Registration number 1992062982) andor Morgan Stanley Asia (Singapore) Securities Pte Ltd (Registration number 200008434H). regulated by the Moneta
or views in this report: Matthew Harrison. Unless otherwise stated. the individuals listed on the cover page of this report are research analysts. Global Research Conflict Management Policy With our conflict management policy, which is available at Important US Regulatory Disclosures on Subject Companies As of June 30, 2014. Morgan St
Entities connected to both Singapore) Pte and Global Research Conflict Management Policy

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