Ann: 99 Wuxian delivers significant revenue and profit growth, page-32

Foster's updated Yesterday and they appear to be much more conservative.

Earnings revision and valuation revised. We have made adjustments to our forecasts to reflect a more conservative ramp up in users. The key changes to our forecast include lower average transaction value and margin with the net impact a reduction in EBITDA for CY15 and CY16 of 87% and 79% respectively. We have updated our valuation to reflect our revised forecast. Our risked valuation and price target has been revised to $0.33/share from $0.90/share.