Citi DR Mid-Year 2018 Report

Issuer Country Industry 2 USD Value (in Millions) iQIYI, Inc. China Software & Services $2,250 Kakao Corp.* Korea Media $1,000 Bilibili Inc. China Software & Services $483 Central Puerto S.A.* Argentina Energy $299 Morphosys AG Germany Biotechnology $239 UXIN China Automobiles & Components $225 HUYA Inc. China Media $207 OneSmart International Education Group Ltd. China Consumer Discretionary $179 Autolus Therapeutics plc* UK Biotechnology $173 Sunlands China Commercial & Professional Services $150 Greentree Hospitality Group China Consumer Services $143 Puxin Limited China Consumer Discretionary $141 Huami Corporation China Consumer Discretionary $110 Aslan Pharmaceuticals Ltd. Taiwan Health Care $42 Biofrontera AG Germany Pharmaceuticals $13 Grand Total $5,654 *Signifies Citi DR program capital raising. IPO Deals in bold italics signify a JOBS Act Deal. 1 Defined as capital raising at the time of listing of a new DR security, data as of June 30, 2018. 2 Industry as defined by Bloomberg. DR IPOs 1 Global DR Capital Raisings (cont.) Source: Bloomberg and Depositary Data Interchange. 14