DR Year End Report

DR Follow-On Offerings 1, 2 Issuer Country Industry 2 USD Value (in Millions) Pinduoduo Inc. China Internet $1,581 Sea Limited Singapore Software $1,553 Trip.com Group Limited China Internet $1,008 GDS Holdings Ltd. China Telecommunications $747 Ascendis Pharma A/S Denmark Pharmaceuticals $575 Petroleo Brasileiro S.A. Brazil Oil&Gas $549 Amarin Corp.* Ireland Biotechnology $460 HUYA Inc. China Software $442 Bilibili Inc. China Software $324 Hutchison China MediTech Limited Hong Kong Biotechnology $318 TCS Group Holding Russia Banks $300 GSX Techedu Inc. China Software $252 argenx Netherlands Biotechnology $243 Zai Lab Limited* China Biotechnology $230 Veon Netherlands Telecommunications $216 Endava plc* UK Computers $157 DBV Technologies S.A.* France Pharmaceuticals $155 Global DR Capital Raisings (cont.) *Signifies Citi DR program capital raising. 1 Defined as capital raising at the time of listing of additional DR securities including rights offerings and private placements. Data as of December 31, 2019. 2 Industry as defined by Bloomberg. Source: Bloomberg and Depositary Data Interchange. 16