Shanghai Alliance Financial Services (“SAFS”) is a newly established subsidiary of Shanghai Alliance Investment Ltd (“SAIL”). SAFS is the first company of its kind to be officially registered in China. SAFS provides high quality services to global financial institutions. Business Scope: Developing innovative products and solutions for the Chinese financial markets, including building the state-of-the-art financial information infrastructure and financial analytics platforms. Advisory services to foreign financial institutions on business opportunities in China. Providing outsourcing services to financial institutions, including investment analysis, building financial models, financial data mining and data processing, designing and building analytics platforms, trade processing systems, and risk management systems. Managing investment based on quantitative investment strategies.