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China Economic Indicators<br />

GDP (YOY 2012 Q2) 7.6%<br />

Industrial Output (YOY 2012 Q2) 9.5%<br />

CPI (YOY 2012 Q2) 2.9%<br />

Exports (YOY 2012 Q2) 10.5%<br />

Imports (YOY 2012 Q2) 6.5%<br />

Retail Sales (YOY 2012 Q2) 13.9%<br />

Exchange Rate (30 June 2012) RMB6.36 : US$ 1<br />

Source: National Bureau of Statistics of China<br />

Important Information<br />

Quarterly Newsletter Q2 2012<br />

The information contained in this Quarterly Update has been prepared solely by <strong>ARC</strong> <strong>Capital</strong> Partners Limited (“the Manager”). None of the information contained in this Quarterly Update is<br />

intended as financial, investment or professional advice and should not be taken as such by any party receiving it or obtaining it through any means. Nothing in this Quarterly Update should<br />

be construed as an offer to sell or a solicitation of an offer to buy any security or to participate in any trading strategy. Contents are based on sources which the Manager believes to be<br />

reliable, however no warranty or representation, express or implied is given as to accuracy and completeness. You should rely on independent confirmation of any information contained<br />

herein before relying on that information for any purpose whatsoever. Any forward looking statement included in this Quarterly Update is based on the opinions or expectations of the<br />

Manager, and actual results could differ materially. Historical performance is not an indicator of future performance and should not be assumed or construed as such. Finally, all the<br />

information contained herein including market data and prices are subject to change without notice. The information contained herein is being made available to institutional investors and<br />

investment professionals only as defined in the Financial Services and Markets Act 2000.<br />

<strong>ARC</strong> <strong>Capital</strong> Partners Limited is the investment manager of <strong>ARC</strong> <strong>Capital</strong> <strong>Holdings</strong> Limited. The Manager is not regulated by the Financial Services Authority.<br />

www.arch-fund.com<br />

Portfolio Manager<br />

Rachel Y. Chiang<br />

Investment Manager<br />

<strong>ARC</strong> <strong>Capital</strong> Partners Limited<br />

T: (86) 21 6113 5818 F: (86) 21 6113 5806<br />

arch@arccapitalchina.com<br />

Broker<br />

Numis Securities Limited<br />

David Benda / Hugh Jonathan<br />

T: (44) 20 7260 1000 F: (44) 20 7260 1001<br />

d.benda@numiscorp.com www.numiscorp.com<br />

Nominated Adviser<br />

Grant Thornton Corporate Finance<br />

Philip Secrett<br />

T: (44) 20 7383 5100 philip.j.secrett@uk.gt.com<br />

www.arch-fund.com ©2012 <strong>ARC</strong>H Page 10 of 10

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