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In the United States, investment banking services are provided by Houlihan Lokey Capital, Inc., a SEC-registered broker-dealer and a member of FINRA (www.finra.org) and SIPC (www.sipc.org); investment advisory services are provided by Houlihan Lokey Financial Advisors, Inc., a SEC-registered investment advisor. Houlihan Lokey (Europe) Limited, a company incorporated in England which is authorized and regulated by the U.K. Financial Services Authority, and Houlihan Lokey (China) Limited, a company incorporated in Hong Kong SAR which is licensed in Hong Kong by the Securities and Futures Commission, provide investment banking services and may direct this communication within the European Economic Area and Hong Kong, respectively, to intended recipients including professional investors, high-net-worth companies or other institutional investors.

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