Financial Advisory/M&A In addition to our capital raising services, we also provide our corporate clients with advisory services on M&A, IPO and pre-IPO for the development of a wide-range of business strategies. These activities complement our public and private placement businesses and allow us to offer a mix of investment banking services to our clients during the course of their development. Senior members of our Management Team have a wide range of advisory and consulting experience with business corporations across Taiwan, Hong Kong, Mainland China, the US and Europe, which collectively form our potential customer base. We see very favourable development in demand for advisory services from rapidly growing new companies in China, many of which lack the financial expertise and skills to form crucial international strategic alliances.