Ann: Notice of General Meeting/Proxy Form, page-4

Oppose all these resolutions!
First, targeted issuance will for certain strengthen particular shareholders' control over the firm while diluting the voting power of all other shareholders;
Second, targeted options issuance will for certain strengthen particular investor's right over the firm without binding obligations, i.e., they exercise only when there are financial benefits;
Third, convertible notes will for certain contribute to future uncertainties of the shareholder base. The note investors enjoy both the creditors' and owners' title which can be switched as they wish;
Fourth, there is less harm for the firm to issue priority shares and/or bonds, which can avoid all issues listed above;
Fifth, the targeted shareholder and option investors are both Chinese firms, which raise concerns over uncertainty of firm's future operation and creditability of firm's financial reports.