Itt Bki Investment Banking by giv23807

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									                                                                                                                                                                       www.roth.com | china.roth.com


   China Transactions | Last 12 Months
                                                     Pricing                             Transaction            Offering      % of    Current Mkt.                              Liquidity2                  # of
                                                                                                                                                          1
Company                                                 Date            Capacity                  Type Size (MM)           Mkt. Cap     Cap (MM) Discount     Return Pre-Deal   Post-Deal       %Δ     Investors
JinkoSolar Holding Co.                                5/14/10                    Co                  IPO           $64.2        NA          $204.9      NA    -14.3%      NA            NA       NA          45
Kingtone Wirelessinfo Solution Holding                5/14/10     Sole Book-runner                   IPO           $16.0        NA           $42.6      NA    -24.0%      NA            NA       NA          30
               Group, Inc
Winner Medical Group Inc.                             4/26/10     Sole Book-runner       Underwritten FO            $9.7
                                                                                                                    $9 7      7 7%
                                                                                                                              7.7%          $149.0
                                                                                                                                            $149 0    8 9%
                                                                                                                                                      8.9%     2 0%
                                                                                                                                                               2.0%      42.5
                                                                                                                                                                         42 5           NA       NA          33
City Telecom (H.K.) Limited                           4/22/10                    Co      Underwritten FO           $52.3     10.0%          $490.0    -6.5%    -0.1%    439.2           NA       NA          51
Orient Paper Inc.                                     3/30/10     Sole Book-runner       Underwritten FO           $24.8     19.5%          $156.8    -3.2%    6.3%     112.5        414.4    268.4%         45
Sutor Technology Group Ltd.                            3/4/10     Sole Book-runner      Registered Direct          $10.0      8.3%           $84.2   -13.7%   -23.3%     82.0        244.0    197.6%         19
China Advanced Construction Materials
                                                      2/24/10     Sole Book-runner       Underwritten FO           $10.6     15.0%           $56.6    -0.9%   -20.7%     70.3        128.0    82.1%          36
Group
China El t i M t    I
Chi Electric Motor, Inc.                              1/28/10     Sole B k
                                                                  S l Book-runner                    IPO           $25.9
                                                                                                                   $25 9        NA          $109.8
                                                                                                                                            $109 8      NA    26.0%
                                                                                                                                                              26 0%       NA         161.1
                                                                                                                                                                                     161 1       NA          57
Fushi Copperweld Corp.                                1/26/10              Co-Lead       Underwritten FO           $59.8     23.3%          $343.1    -7.1%   15.1%     219.9        427.6    94.5%          62
Yongye International                                12/17/09                   Lead      Underwritten FO           $69.0     24.0%          $302.3    -9.5%    -5.5%    768.6        879.3    14.4%          86
ChinaCast Education Corp.                             12/2/09     Sole Book-runner       Underwritten FO           $46.7     16.7%          $280.7    -6.0%    -7.4%    261.0        324.1    24.2%          57
GLG Life Tech Inc.                                  11/20/09                     Co                  IPO           $31.7     23.5%          $166.5      NA     4.5%       NA           66.3      NA          32
QKL Stores, Inc.                                    11/18/09                   Sole      Underwritten FO           $39.7     28.4%          $147.1     7.3%
                                                                                                                                                      -7.3%   -10.3%
                                                                                                                                                               10.3%     45.8        118.4    158.6%         66
Wonder Auto Technology, Inc.                        11/10/09                     Co      Underwritten FO           $74.2     23.7%          $264.7    -7.2%   -25.3%      729        717.9     -1.5%         67
Duoyuan Printing, Inc.                                11/5/09              Co-Lead                   IPO           $54.9     25.0%          $258.2      NA     -3.2%      NA         418.8       NA          47
China Integrated Energy Inc.                        10/30/09                     Co      Underwritten FO           $33.1     19.2%          $305.7    -8.0%   63.5%      64.1        289.3    351.5%         31
SkyPeople Fruit Juice                               10/29/09      Sole Book-runner    Secondary Offering            $9.3     17.9%           $96.6      NA    79.3%       NA           74.1      NA          15
China Ritar Power Corp.                               10/5/09     Sole Book-runner      Registered Direct          $12.9     11.0%           $73.8    -1.3%   -42.5%     90.3          291    222.4%         30
China-Biotics, Inc.                                   9/29/09     Sole Book-runner       Underwritten FO           $79.4     27.0%          $311.6   -12.8%    -7.1%    104.2        644.2    518.2%         91
China Natural Gas, Inc.                                9/2/09     Sole Book-runner       Underwritten FO           $57.6     42.0%          $152.5    -6.8%   -17.7%    104.1        410.1    293.8%         68
Harbin Electric Inc.                                  7/29/09                  Sole      Underwritten FO          $115.0     30.7%          $531.6    -5.7%   13.4%     214.6        750.3    249.6%         81
China Green Agriculture Inc.                          7/21/09                  Sole      Underwritten FO           $28.8     19.1%          $250.1   -11.9%   54.8%     295.2       1,364.6   362.3%         46
HQ Sustainable Maritime Industries                    6/12/09                  Sole      Underwritten FO           $12.0     10.6%           $65.4    -8.3%   -43.4%     53.1        115.3    117.0%         34
Yongye I
Y              i   l
       International                                   5/8/09                  Sole
                                                                                 l                  PIPE            $9 0
                                                                                                                    $9.0     17 3%
                                                                                                                             17.3%          $302 3
                                                                                                                                            $302.3    16 8%
                                                                                                                                                     -16.8%   360.4%
                                                                                                                                                              360 4%      65
                                                                                                                                                                          6.5        117 6 1709 8%
                                                                                                                                                                                     117.6 1709.8%            9

                                                                                             Average              $39.4     20.0%          $214.4    -6.9%    15.9%    205.7        397.8 291.4%             47
   1 Discount based on the last trade on the prior date (trade date)
   2 Liquidity based on 20-day average volume prior to and after the offering. Liquidity in thousands
   Return as of May 26, 2010. Source: Capital IQ      | Past performance is not a guarantee of future results

                                       ROTH Capital Partners, LLC | 24 Corporate Plaza Drive, Newport Beach, CA 92660 | 800.678.9147 | Member SIPC / FINRA
                                                                                  www.roth.com | china.roth.com



Investment Banking |
I    t   t B ki        Raised over $2.8 billion for U.S. listed China companies




                                                                                      As of May 27, 2010
                                                                                                                                                                    www.roth.com | china.roth.com


             Follow On
Lead Managed Follow-On Offerings | Last 12 Months
                                                                                                                                                                              2
                                                       Pricing                        Offering         % of          Current                                        Liquidity                 # of
                                                                                                                                          1
  Company                                               Date          Exchange          Size        Mkt. Cap         Mkt. Cap     Discount     Return    Pre-Deal   Post-Deal      %Δ       investors
  Winner Medical Group Inc.                          4/26/2010        NASDAQ               $ 9.7             6.7 %      $ 142.5        8.9 %     1.6 %     42.5        NA           NA         33
  KIT Digital Inc.                                   4/22/2010        NASDAQ                63.3             27.7         235.0        0.2 %   (17.3)%    120.3        N/A         N/A         45
                Review, Inc.
  The Princeton Review Inc                           4/15/2010        NASDAQ                48.3
                                                                                            48 3             41.3
                                                                                                             41 3         112.2
                                                                                                                          112 2      (13.5)
                                                                                                                                     (13 5)     (21.7)
                                                                                                                                                (21 7)     48.2
                                                                                                                                                           48 2        N/A         N/A         62
  DG FastChannel, Inc.                                4/8/2010        NASDAQ               115.0             14.2       1,182.2       (4.1)      34.7     181.3        N/A         N/A         73
  Orient Paper, Inc.                                 3/31/2010          AMEX                28.5             20.0         156.8      (13.5)       6.3     112.5       414.0       268.0 %      53
  KIT Digital Inc.                                    3/3/2010        NASDAQ                17.3             12.5         169.9        0.0       10.5      56.2       144.3       156.6        25
  China Advanced Construction                        2/24/2010        NASDAQ                10.6             17.3          56.5       (0.9)     (20.7)     70.3       164.1       133.4        36
                            Inc.
  Achillion Pharmaceuticals Inc                      1/22/2010        NASDAQ                24 6
                                                                                            24.6             40.4
                                                                                                             40 4          84 3
                                                                                                                           84.3       (8 8)
                                                                                                                                      (8.8)       9.6
                                                                                                                                                  96      851 1
                                                                                                                                                          851.1       809 9
                                                                                                                                                                      809.9       (4.8)
                                                                                                                                                                                  (4 8)        41
  KIT Digital Inc.                                   1/21/2010        NASDAQ                35.0             30.1         142.5       (1.7)       2.4      32.2       144.8       349.1        54
  Yongye International                              12/17/2009        NASDAQ                69.0             26.4         302.3       (0.7)      (5.5)    768.6       879.3       14.4         86
  ChinaCast Education Corp.                          12/2/2009        NASDAQ                46.7             16.2         280.7       (8.9)      (7.4)    261.0       324.1       24.2         57
  China-Biotics, Inc.                                9/29/2009        NASDAQ                79.4             27.0         311.6      (12.8)      (7.1)    104.2       644.2       518.2        91
                Gas, Inc.
  China Natural Gas Inc                               9/2/2009        NASDAQ                57 6
                                                                                            57.6             41 8
                                                                                                             41.8         152.5
                                                                                                                          152 5       (7 4)
                                                                                                                                      (7.4)     (17.7)
                                                                                                                                                (17 7)    104.1
                                                                                                                                                          104 1       410.1
                                                                                                                                                                      410 1       293.9
                                                                                                                                                                                  293 9        68
  Flow International                                  9/1/2009        NASDAQ                18.9             23.8         112.7        0.0       14.8     158.8       460.8       190.2        46
  GSE Systems Inc.                                   8/31/2009          AMEX                17.3             16.4          86.1       (8.7)     (24.2)     35.0       134.0       282.9        30
  KIT Digital Inc.                                   8/13/2009        NASDAQ                31.9             90.4         142.5       (4.5)      53.6      9.4        51.0        442.6        33
  IMAX Corp.                                          8/3/2009        NASDAQ                57.5             11.5       1,038.9       (6.7)      95.3     519.3       456.6       (12.1)       45
                  Inc
  Harbin Electric Inc.                               7/29/2009        NASDAQ               115 0
                                                                                           115.0             30.7
                                                                                                             30 7         531 6
                                                                                                                          531.6       (5 7)
                                                                                                                                      (5.7)      13.4
                                                                                                                                                 13 4     214 6
                                                                                                                                                          214.6       750 3
                                                                                                                                                                      750.3       249.6
                                                                                                                                                                                  249 6        81
  China Green Agriculture                            7/21/2009          NYSE                28.8             19.1         250.1      (11.9)      54.8     295.2      1364.6       362.3        46
  HQ Sustainable Maritime Industries                 6/12/2009          AMEX                12.0             10.6          65.4       (8.3)     (43.4)     53.1       115.3       117.1        34
  DG FastChannel, Inc                                 6/3/2009        NASDAQ                56.1             13.5       1,182.2       (1.9)     117.5     504.1       320.8       (36.4)       30
  IMAX Corp.                                          6/2/2009        NASDAQ                80.6             24.2       1,038.9       (6.2)     132.2     329.2       613.9       86.5         47
  Maxwell Technologies                               5/18/2009        NASDAQ                20 2
                                                                                            20.2              9.3
                                                                                                              93          284 9
                                                                                                                          284.9       (5 6)
                                                                                                                                      (5.6)      27.0
                                                                                                                                                 27 0     199 7
                                                                                                                                                          199.7       233 5
                                                                                                                                                                      233.5       16.9
                                                                                                                                                                                  16 9         26
                                                                        Average           $ 45.4         24.8 %         $ 350.5       (5.3)%    17.8 %    220.5       444.0       181.7 %      50
1 Discount based on the last trade on the prior date (trade date)
2 Liquidity based on 20-day average volume prior to and after the offering. Liquidity in thousands
Return as of May 26, 2010. Source: Capital IQ      | Past performance is not a guarantee of future results

                                    ROTH Capital Partners, LLC | 24 Corporate Plaza Drive, Newport Beach, CA 92660 | 800.678.9147 | Member SIPC / FINRA
                                                             www.roth.com | china.roth.com



Investment Banking |
I    t   t B ki        Raised over $3.2 billion in 2009-10




                                                                      As of May 27,62010

								
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