Ann: Key Construction Approvals and Appointments, page-37

The cornerstone investor, Hong Kong Jayson holds around 94.5mill within that nominee account. If there was only one other holder in that nominee, they would have around 10mill shares left. That would put that holder at around number 8 or 9 on the list of top 20. If there are several other holders in that account then each one would have less than 10 million shares. Individually, they might not even make the top 20 list if not grouped within that nominee with our cornerstone investor. So while it looks like the top holder is selling, in reality, whoever is selling from within that account is possibly not a top ten or maybe not even a top 20 holder.