The Global Economic Impact of Private Equity Report 2008 - World ...

Exhibit 6: An excerpt from the 180-day planIssues Timing Action / OutputI. Legal…g. Lease agreement Within 6 months – Renew lease agreements that have expired or are to expire soon by 31 July 2006– Revise certain lease agreements (identified in legal due diligence) by 31 July 2006– ……i. Other permits Within 12 months – Obtain necessary certificates or evidence for compliance with fire safety, environmentaland certificatesprotection and sewage fees within 12 monthsII. Financiala. Internal system Within 3 months – report – …and recommendations; – Engage a leading accountant to examine systems, processes, controls,Within 12 months –information capture to ensure robust, speedy and accurate information flowadoption of– Report outlining adequacy of existing systems and recommendations forrecommendationsimprovements to be presented at first board meeting post-completion.Satisfactory system in place in 12 months– ……III. Business and Operations…c. New site selection By 31 September 2006 – Standardize and formalize location assessment process– Set up a dedicated team responsible for new site selection for the whole group– Establish a set of criteria and parameters such as those in the Roland Berger report– ……e. Store-level operational Assign responsibilities – Refine operations manualimprovementand agree on actionplan within 3 months – Step up staff trainings and communications– Enhance internal audit and increase frequency of store checks– Implement KPI benchmark at city/provincial, regional and national levels… –Source: Company documents.Exhibit 6A: Little Sheep’s management team before 3i investmentBoard Chairman/CEOMr Zhang Gang,founder of Little SheepSenior VP of FinanceMr Lu Wen Bing,ex Meng Niu executiveVP of Beijing regionMr Zhang Zhan Hai,Long-term Little SheepmanagementVP of Shangai regionMs KouVP of Shenzhen regionNAExhibit 6B: Little Sheep’s management team after 3i investmentBoard Chairman/CEOMr Zhang Gang,Founder of Little SheepChief Executive OfficerMr Lu WenbingChief OperatingOfficerMr Yuka YeungChief Financial OfficerMr Daizong WangVice President forCoporate OfficeNAVP BeijingRegion FranchiseBusinessGeneral Managerof Shangai RegionNAGeneral Managerof Shenzen RegionNAThe Global Economic Impact of Private Equity Report 2008 Case studies: 3i Group plc and Little Sheep 139