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Our eminent speakers include: Wenyan Chu, APAC Head, M&A and Treasury, Alcatel-Lucent Dr Karsten Eller, Director Operations & Investments, BASF Construction Chemical Asia Pacific Jiang Tao, Senior Project Manager M&A Asia Pacific, Bosch (China) Investment Ltd Esther H. Lim, Managing Partner, Finnegan, Henderson, Farabow, Garrett & Dunner, LLP, Shanghai Representative Office Andrew Kwong, Asia Legal Director, DHL Haijin Cheng, Business Development and M&A Director, Honeywell Sam Snider, Vice President & Lead Acquisition Counsel, LexisNexis Monica Huang, Senior Manager, Advisory Services, PricewaterhouseCoopers Consultants (Shenzhen) Limited, Shanghai Branch Martin Zhao, Business Development Director, StoraEuso China Jay Zhang, M&A Director, Asia Pacific, Tyco Electronics (Shanghai) Co., Ltd Program overview: Following the strong economic growth in Greater China during the past few quarters, the region is seeing a reawakening of M&A activity. There are deals to be made, if you know where to look and how take advantage. Pre-acquisition due diligence and business validation will greatly reduce your risks. Since due diligence is one of the deciding factors between success and failure of any M&A transactions, don’t allow yourself any negligence. Continuing the success of our past M&A events, we are pleased to roll out our 5th Annual Conference on Mergers & Acquisitions Due Diligence which is designed to give you the most up-to-date information on investments into China. By attending this conference you will... Gain a deep understanding of China’s continuous efforts to implement effective regulations under the anti-trust law Benefit from a sophisticated analysis of a business valuation Improve the assessment of risk covering the whole investigation process Share experts’ views on effective negotiation tactics and M&A strategies Learn how to avoid the pitfalls during your due diligence process Who should attend: Vice Presidents, Directors, Heads, General Managers, Senior Managers and Managers from: Mergers and Acquisitions Business Development Strategic Planning Finance Legal Department Human Resources Mergers & Acquisitions Due Diligence Discovering and Securing New Opportunities in China’s Changing Economical Environment The 5th Annual Conference on 17 & 18 March 2011 Shanghai, China Earn CLE Credits Earn CLE Credits Media Partners: Presentation Sponsor: Supporting Organizations:

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Page 1: The 5th Annual Conference on Mergers & Acquisitions Due ... locations docs...• Looking behind financial performance: averting financial report to its investment opportunity Jay Zhang,

Our eminent speakers include:

• Wenyan Chu, APAC Head, M&A and Treasury, Alcatel-Lucent

• Dr Karsten Eller, Director Operations & Investments, BASF Construction Chemical Asia Pacific

• Jiang Tao, Senior Project Manager M&A AsiaPacific,Bosch (China) Investment Ltd

• Esther H. Lim, Managing Partner, Finnegan, Henderson, Farabow, Garrett & Dunner, LLP, Shanghai Representative Office

• Andrew Kwong, Asia Legal Director, DHL

• Haijin Cheng, Business Development and M&A Director, Honeywell

• Sam Snider, Vice President & Lead Acquisition Counsel, LexisNexis

• Monica Huang, Senior Manager, Advisory Services, PricewaterhouseCoopers Consultants (Shenzhen) Limited, Shanghai Branch

• Martin Zhao, Business Development Director, StoraEuso China

• Jay Zhang,M&ADirector,AsiaPacific,Tyco Electronics (Shanghai) Co., Ltd

Program overview:

Following the strong economic growth in Greater China during the past few quarters, the region is seeing a reawakening of M&A activity. There are deals to be made, if you know where to look and how take advantage. Pre-acquisition due diligence and business validation will greatly reduce your risks. Since due diligence is one of the deciding factors between success and failure of any M&A transactions, don’t allow yourself any negligence. Continuing the success of our past M&A events, we are pleased to roll out our 5th Annual Conference on Mergers & Acquisitions Due Diligence which is designed to give you the most up-to-date information on investments into China.

By attending this conference you will...

• Gain a deep understanding of China’s continuous efforts to implement effective regulations under the anti-trust law

• Benefitfromasophisticatedanalysisofabusinessvaluation• Improve the assessment of risk covering the whole investigation process• Share experts’ views on effective negotiation tactics and M&A strategies • Learn how to avoid the pitfalls during your due diligence process

Who should attend:

Vice Presidents, Directors, Heads, General Managers, Senior Managers and Managers from:

• Mergers and Acquisitions •Business Development• Strategic Planning •Finance• Legal Department •Human Resources

Mergers & Acquisitions Due DiligenceDiscovering and Securing New Opportunities in China’s

Changing Economical Environment

The 5th Annual Conference on

17 & 18 March 2011Shanghai, China

Earn

CLE

Credits

Earn

CLE

CreditsMedia Partners:

Presentation Sponsor: Supporting Organizations:

Page 2: The 5th Annual Conference on Mergers & Acquisitions Due ... locations docs...• Looking behind financial performance: averting financial report to its investment opportunity Jay Zhang,

AGENDA Day 1: Thursday, 17 March 2011 08.30 Registration and Coffee / Tea

09.00 Chairperson’s Opening Address

M&A in China: Updates and Forecast 09.15 Will M&A Deals Accelerate in 2011? • Effectsofpastyear’sturbulenceintradeandeconomy • ExaminingthecurrentbusinessclimateinChina • IdentifyingtheopportunitiesanddevelopingtrendsintheM&Amarket • Dangerousandexpensivepitfallstoavoid 10.00 Analysis of the Legal and Regulatory Framework in China • ImpactsoftheCocaColacase.IsChinadiscriminatingagainstforeigncompanies? • Shouldmajorstate-ownedcompaniesalsobeputundersecurityduringananti-trustapprovalprocess? • China’scontinuouseffortstodraftsupplementaryrulesandregulationsundertheanti-trustlaw • Isthereaproblemofslowpaceandlackoftransparencyduringtheevaluationandreviewprocess?

10.45 Refreshments

11.00 The Art of Business Valuation • Keyconsiderationsinevaluatingatargetcompany • Showcaseofcustomaryvaluationmethodswhenconductingabusinessvaluation • Understandingthevaluedriversofthecompanyandthepotentialsynergies Martin Zhao, Business Development Director, StoraEnso China 11.45 Essential Tips for MNC Tapping into China’s Investment Market • Gainingcontrolthroughlocalization • Seekingouttargetswithsoundgrowthprospects • Understandinglocalpolicy’sdirectionstobusinesssectors Wenyan Chu, APAC Head, M&A and Treasury, Alcatel-Lucent 12.30 Lunch & Networking Break

Key Fundamentals of Effective Due Diligence 13.45 Comprehensive Data Collection and Reliable Due Diligence • Criticalcontenttobeinvestigated:debtandreceivables,potentialcorruptionissues,taxandlaborliabilities,non-competitionviolations

by previous management • Peelingoffthedeceptiveinformationofthetargetcompaniestominimizepotentialrisks • Lookingbehindfinancialperformance:avertingfinancialreporttoitsinvestmentopportunity Jay Zhang, M&A Director, Asia Pacific, Tyco Electronics (Shanghai) Co., Ltd 14.30 To Maximize the ROI - Dealing with Intellectual Property Evaluation and Post-merger Management in Corporate M&As Esther H. Lim, Managing Partner, Finnegan, Henderson, Farabow, Garrett & Dunner, LLP, Shanghai Representative Office 15.15 Refreshments

15.30 How to Improve Investigative Due Diligence Practices • ExploringtheparticularitiesofduediligenceprocessesinChina • Establishingnormsforreviews • Consideringmarketblackouttocomplywithsecuritieslaws • Insightsandlessonsfrompastdeals Haijin Cheng, Business Development and M&A Director, Honeywell

16.15 Panel Discussion on Acquisition Tactics: How to Ensure Successful Transitions in China?

• Whyestablishingastrategicduediligenceprocedure? • Identifyingtherelevantmarketforcesandcompetitors • Testinginvestmenthypothesesbymarketstudies • Assessingtheinternalcapabilitiesofthetarget • Developingathoroughunderstandingofthetargetcompany’sbusinessplan Panelists: Jiang Tao, Senior Project Manager M&A Asia Pacific, Bosch (China) Investment Ltd Sam Snider, Vice President & Lead Acquisition Counsel, LexisNexis Jay Zhang, M&A Director, Asia Pacific, Tyco Electronics (Shanghai) Co., Ltd

17.00 Close of Day One

Page 3: The 5th Annual Conference on Mergers & Acquisitions Due ... locations docs...• Looking behind financial performance: averting financial report to its investment opportunity Jay Zhang,

AGENDA Day 2: Friday, 18 March 2011 08.30 Registration and Coffee / Tea

09.00 Chairperson’s Opening Address

Functional Due Diligence 09.15 Pinpoint Risks and Schedule Legal Due Diligence Strategically

• RisksarisingfromtheambiguityandinconsistencyofPRClawandregulation • Courtfilestouncoverthelawsuitsconcludedorpending • Howtoaccessthetitlefilesforarealproperty • Strongandcoordinatedintegrationbetweenthelegalandbusinessleadersoforganization Andrew Kwong, Asia Legal Director, DHL

10.00 HR Due Diligence in the China M&A Context

• HowtoanalyseandquantifyHRrisksfromafinancialperspective • HowtoidentifyandmanagekeyHRintegrationissues • HowdoestheChinalabourmarketevolvementimpactHRmanagementinM&As Monica Huang, Senior Manager, Advisory Services, PricewaterhouseCoopers Consultants (Shenzhen) Limited, Shanghai Branch

10.45 Refreshments

11.00 Financial and Tax Due Diligence: Is the Targeted Company Suitable?

• Howcriticalisthemeticulousexaminationofthebooks? • MaximizingtheROIandaddingvalueacrossthedealcontinuum • Targetcompany’sloanandband-relatedfinancialstatement • Evaluatingtheinternalconditionsofthepotentialtargets:marketshare,profitablecapability,competitivenessaswellasthe invisible assets

11.45 Formulating Better Financial Strategies in M&A Processes

• TheimpactoffinancialvariablesonM&A • Gainingevaluationmethodologiesanddifferences • Optimizingyourdealfinancialstructure • Selectingthebestwayofcapitalraisingforyourdeal

12.30 Lunch / Networking Break

Managing Integration and Disputes after the M&A Transaction

13.45 How to Establish a Robust Action Plan to Dodge the Bullets of Integration

• ApracticalandholisticstrategythatwillworkinChina’softensingularbusinessclimate • Gainingbestleverageofknowhowandrelationship • Synergytobefosteredandachieved • Understandyournewshareholdersandbeawareoftheculturegulf

14.30 M&A Dispute Resolution and Corporate Legal Risk Prevention Management

• Whydofriendlytakeoversalwaysrewardbetterthanhostiletakeovers? • CrucialstepsincaseofdisputesresultingfromtheM&Adeal • Howcanyourecoveryourcompanyfromatroubleddeal? • Whatcanyoudotorevivedeaddeals? Sam Snider, Vice President & Lead Acquisition Counsel, LexisNexis

15.15 Refreshments

15.30 Conducting Effective Operational Integration and Ensuring the Growth of New Business

• Identifyingthestarringpointandcommongroundwhenappraisingthedeal • Implementingsuccessfulanddynamicprocessintegration • Discoveringcommunication,negotiationandconflictsresolution • Maintaininggrowthwhileintegratingthebusiness

16.15 Due Diligence in China – A Mandatory Prerequisite for Successful Acquisitions

• StrategicapproachtomarketcoverageinChina • Theacquisitionprocessfromduediligencetoclosing • Postmergerintegration Dr Karsten Eller, Director Operations & Investments, BASF Construction Chemical Asia Pacific

17.00 Close of the Conference

Page 4: The 5th Annual Conference on Mergers & Acquisitions Due ... locations docs...• Looking behind financial performance: averting financial report to its investment opportunity Jay Zhang,

會議概述

隨著過去若幹季度中大中華地區強勁的經濟增長,大規模的兼併與收購獲得被

重新喚醒。面對無限潛力的中國市場,你必須清楚如何尋求創新的思路以克服

來自其他競爭者的挑戰從而今天的經濟形式下取得先機。人們普遍認識到,收

購前的盡職調查各類可大大降低失敗的風險。由于盡職調查可以從相當程度上

主導併購交易成功與失敗區別,因此請不要留給自己任何疏忽的機會,因為付

出的代價將非常高昂。承接過去四年的會議的成功舉辦,我們將誠邀您加入具

有廣泛影響力的第五屆中國收購與兼併盡職調查高峰會議,會議以最新的中國

大陸地區併購活動為導向為您帶來第一手的市場咨詢與最佳實踐。

通過參加這次會議,您將…

• 對于中國對于反壟斷法的持續舉措的深入解讀

• 受益于經驗豐富的商業評估的案例分享

• 提高覆蓋整個調查過程的風險評估水平

• 高效的交流平台:與併購專家面對面的溝通,交流,聆聽最新的談判技巧與

收購策略

• 了解如何避免在您的盡職調查過程可能遭遇的陷阱

誰將與會

來自以下職能部門的副總裁,總監,主管,總經理,高級經理和經理們:

• 合併與收購 • 業務發展

• 戰略規劃 • 財務

• 法律部 • 人力資源

知名演講嘉賓:

• 初文艷,亞太總監,併購及資金管理,阿爾卡特-朗訊

• 艾樂博士,運營及投資總監,巴斯夫化學建材

亞太區

• 江濤,亞太區企業並購高級項目經理,博世(中國)投資有限公司

• 林藝思,管理合夥人,美國飛翰律師事務所駐上海代表處

• Andrew Kwong,亞洲區法務總監,DHL

• 程海晉,商業發展與兼併總監,霍尼韋爾中國

• Sam Snider,副總裁與首席收購顧問,律商聯訊

• 黃芮,諮詢服務,普華永道諮詢(深圳)有限公司上海分公司

• 趙俊豪,大中華區業務拓展總監,斯道拉恩索中國

• 張傑,亞太區並購部總監,泰科電子上海有限公司

企業兼併與收購中的盡職調查2011挖掘和護航在中國不斷變化的經濟環境中的新機遇

第五屆

2011年3月17-18日地點待定,上海

可获取

CLE学分

可获取

CLE学分

支持媒體:

演講贊助商: 支持協會:

Page 5: The 5th Annual Conference on Mergers & Acquisitions Due ... locations docs...• Looking behind financial performance: averting financial report to its investment opportunity Jay Zhang,

議程表第一天議程 2011年3月17日

08.30 登記

09.00 主席致開幕詞

展望中國兼併與收購:新一年的預測

09.15 2011年中國兼併與收購熱潮是否捲土重來? • 過去一年的動盪與不明朗對于經濟與貿易的影響 • 解析中國目前的商業環境 • 甄別中國兼併與收購市場的機遇與發展趨勢 • 需要留意的高昂陷阱 10.00 深入解析中國法律與法規框架對於併購活動的深遠影響 • 可口可樂併購案的啟示:中國是否對外國公司有所偏頗? • 主要的國有企業是否也需要進行安全審查與反壟斷調查 • 中國持續的努力,對于起草反壟斷法的補充條款 • 反壟斷審查與評估是否存在低效並缺乏透明度等問題?

10.45 茶歇與交流

11.00 商業加值評估的藝術 • 估值目標公司關鍵因素 • 案例分享:進行業務估值時的慣例方法 • 了解公司的價值驅動因素和潛在的協同作用

趙俊豪,大中華區業務拓展總監,斯道拉恩索中國

11.45 對于涉足中國兼併市場的外國企業的精煉提醒 • 如何通過本地化的進程取得企業的控制權 • 如何尋找與定位理想的具有良好發展前景的目標公司 • 了解當地政策對于不同商業領域的支持與限制 初文艷,兼併與收購總監,阿爾卡特-朗訊

12.30 午宴

有效的盡職調查關鍵指標

13.45 全面的信息收集與可靠的盡職調查 • 關鍵的待調查內容:債務和應收賬款,潛在的腐敗問題,稅收和勞工負債等 • 甄別目標企業的欺騙性信息,以減少潛在的風險 • 財務業績的評估:從財務報導到投資機會

張傑,亞太區並購部總監,泰科電子上海有限公司

14.30 如何通過知識產權評估與合併整合管理來最大化利潤回報率?

林藝思,管理合夥人,美國飛翰律師事務所駐上海代表處

15.15 茶歇與交流

15.30 如何提升與優化盡職調查實踐 • 探索在中國進行的盡職調查的特殊性 • 建立規範的評估體系 • 從過往的交易中吸取經驗與教訓

程海晉,商業發展與兼併總監,霍尼韋爾中國

16.15 小組討論:收購策略-如何確保在中國市場的成功過渡 • 為什么建立戰略性的盡職調查程序? • 如何定位市場焦點與競爭對手 • 通過市場調研來測試投資假設 • 評估收購目標的內在潛能 • 增進對于目標公司商業方案的全面了解

座談嘉賓: 江濤,亞太區企業並購高級項目經理,博世(中國)投資有限公司

Sam Snider, 副總裁與首席收購顧問,律商聯訊 張傑,亞太區並購部總監,泰科電子上海有限公司

17.00 第一天會議結束

Page 6: The 5th Annual Conference on Mergers & Acquisitions Due ... locations docs...• Looking behind financial performance: averting financial report to its investment opportunity Jay Zhang,

議程表第二天議程 2011年3月18日

08.30 登記

09.00 主席致開幕詞

各類功能型的盡職調查

09.15 法務盡職調查中的戰略性規劃與風險規避 • 對于中國法律法規的不明確性而引起的法務風險 • 對于法院訴訟文件的調查:揭開未終結與未結案的訴訟 • 對于固定資產與房地產的評估 • 如何建立一個堅實的與將法務與商務全面協調的組織形式 Andrew Kwong,亞洲區法務總監,DHL

10.00 中國並購實務中的人力資源盡職調查 • 如何從財務角度分析和量化人力資源風險 • 如何識別和管理人力資源整合關鍵事項 • 中國勞動力現狀如何影響並購中的人事管理 黃芮,諮詢服務,普華永道諮詢(深圳)有限公司上海分公司

10.45 茶歇與交流

11.00 財務與稅務盡職調查:目標公司是否合適? • 小心翼翼的財務記錄審查究竟有多重要? • 如何最大化整個交易的投資回報率 • 目標公司的貸款項目與相關財務證明 • 評估目標公司的內部條件:市場份額,盈利能力,競爭力以及無形的資產

11.45 制定更佳的財務與併購策略 • 金融變數對于併購的影響 • 獲取評估方法與異同 • 優化您交易的財務結構 • 選擇最佳的融資方式支持您的交易

12.30 午宴

管理兼併交易完成後的內部整合與糾紛處理

13.45 如何建立一個強有力的行動機會應對整合後的潛在衝突 • 應對中國特有商業環境的整體戰略 • 獲得並充分利用如何處理 • 在人際交往技巧和關係中達到最佳平衡 • 齊心協力是可以被培養與實現的 • 了解你的新股東,並意識到的文化鴻溝

14.30 兼併交易中的爭議解決與企業法律風險防範 • 為什么善意併購總是比強行併購獲得更高的回報? • 處理併購交易產生的糾紛案件的關鍵步驟 • 如何確保你的公司從陷入麻煩的叫一種恢復生機? • 如何使陷入僵局的交易復甦?

Sam Snider, 副總裁與首席收購顧問,律商聯訊

15.15 茶歇與交流

15.30 進行有效的業務整合和確保新的業務增長 • 在對交易作出評估時,確定關鍵點和共同點 • 實施成功的有效的整合過程 • 挖掘溝通,談判與衝突的解決方案 • 整合業務的同時保持增長

16.15 盡職調查-成功收購的必要前提條件 • 提高中國市場佔有率的策略方案 • 盡職審查至交易完畢的收購流程 • 併購後的整合

艾樂博士,運營及投資總監,巴斯夫化學建材亞太區

17.00 會議結束