ADR Programme

The Group has an American Depositary Receipt ("ADR") programme in the US. This helps enhance the Group's image and visibility in the US and broaden its shareholder base.

An ADR is a form of negotiable certificate evidencing ownership of shares in a foreign company. They are attractive to US investors because they are quoted and traded in US dollars and are governed by US trading and settlement procedures. ADRs minimize the transaction cost to investors, thereby enhancing liquidity. The underlying shares that ADRs represent remain on deposit in the issuer's home market.