including $500 million in China. KBG was established in 2002 to provide strategic financial advisory services and private equity investments to small and medium-size companies in China. These services included corporate strategy, M&A, financing and public listings on international stock exchanges. The principals of KBG have executed more than 30 financing, M&A and advisory assignments totaling more than $560 million on behalf of Chinese and international clients. The principals of KBG have also structured and managed private equity investments in Chinese companies on behalf of international institutional investors which have generated superior returns. Private equity investment management is now They primary business. KBG has established partnerships with a number of municipal governments and their associated guidance funds including Suzhou, Beijing, Tianjin, Chongqing and Hangzhou. These partnerships provide investment capital as well as proprietary deal flow to us and form the basis of They nationwide private equity platform in China. In addition, They have partnered with a number of prominent Chinese commercial banks which are also a valuable source of capital and deal flow for us. These banks have strong relationships with SME’s across the country – many of whom are their customers – and introduce these companies to us on a proprietary basis. Since 2002, KBG has established an extensive, proprietary network of deal-sourcing affiliates located in 42 cities covering 22 provinces. They affiliates include local branches of commercial banks, law firms, accounting firms, securities firms, municipal governments and local DRC’s. These affiliates introduce us to their clients who they have known and worked with for many years. Therefore, these companies and their management teams are well-known to They affiliates. So, the deals They look at have been carefully screened by They affiliates who can ensure the integrity of the companies’ management teams and the accuracy of their financial information. This is a crucial advantage since They only review transactions in which They or They affiliates have long-term relationships and intimate knowledge. They invest in fast-growing small and medium-size companies which operate in the consumer goods, healthcare, education and clean-tech sectors and are located primarily in Tier 2 and Tier 3 cities in China. They experienced team of investment and operating professionals are dedicated to sourcing, investing in and adding significant value to leading SME’s across China. They seek to create true partnerships with They portfolio companies by supplying a powerful combination of Capital, Management and Technology. They investee companies recognize the value of a partnership with KBG and welcome the substantial value They add to their enterprises. They goal is to help SME’s transition from entrepreneurial, family-owned companies to publicly-listed, world-class competitors. In that way, They substantially increase the value of the company and generate superior returns for They investors.