Positive: Movie Kung Fu Soccer To Release on Jul 11 Positive: Movie Kung Fu Soccer(功夫女足) directed by Stephen Chow (周星驰) confirmed to be released on Jul 11, per film’s official Sina Weiboaccount. Maoyan is the key distributor and one of the producers Companies Mentioned: Vicky Wei, CFAAC+852-2501-2742vicky.wei@citi.com Maoyan Entertainment (1896.HK; HK$4.62; 03 Jul 26; 16:10) If you are visually impaired and would like to speak to a Citi representative regarding the detailsof the graphics in this document, please call USA 1-888-500-5008 (TTY: 711), from outside theUS +1-210-677-3788 Appendix A-1 ANALYST CERTIFICATION The research analysts primarily responsible for the preparation and content of this research report are either (i) designatedby “AC” in the author block or (ii) listed in bold alongside content which is attributable to that analyst. If multiple ACanalysts are designated in the author block, each analyst is certifying with respect to the entire research report other than(a) content attributable to another AC certifying analyst listed in bold alongside the content and (b) views expressed solelywith respect to a specific issuer which are attributable to another AC certifying analyst identified in the price charts orrating history tables for that issuer shown below. Each of these analysts certify, with respect to the sections of the reportfor which they are responsible: (1) that the views expressed therein accurately reflect their personal views about eachissuer and security referenced and were prepared in an independent manner, including with respect to Citigroup GlobalMarkets Inc. and its affiliates; and (2) no part of the research analyst's compensation was, is, or will be, directly orindirectly, related to the specific recommendations or views expressed by that research analyst in this report. IMPORTANT DISCLOSURES Analysts’ compensation is determined by Citi Research management and Citigroup’s senior management and is based uponactivities and services intended to benefit the investor clients of Citigroup Global Markets Inc. and its affiliates (the “Firm”). Compensation is not linked to specific transactions or recommendations. Like all Firm employees, analysts receivecompensation that is impacted by overall Firm profitability which includes investment banking, sales and trading, andprincipal trading revenues. One factor in equity research analyst compensation is arranging corporate access events betweeninstitutional clients and the management teams of covered companies. Typically, company management is more likely toparticipate when the analyst has a positive view of the company.For financial instruments recommended in the Product in which the Firm is not a market maker, the Firm is a liquidity provider in such financial instruments (and any underlying instruments) and may act as principal in connection with transactions insuch instruments. The Firm is a regular issuer of traded financial instruments linked to securities that may have beenrecommended in the Product. The Firm regularly trades in the securities of the issuer(s) discussed in the Product. The Firm mayengage in securities transactions in a manner inconsistent with the Product and, with respect to securities covered by theProduct, will buy or sell from customers on a principal basis. Unless stated otherwise neither the Research Analyst nor any member of their team has viewed the material operations of theCompanies for which an investment view has been provided within the past 12 months.For important disclosures (including copies of historical disclosures) regarding the companies that are the subject of this Citi Research product ("the Product"), please contact Citi Research, 388 Greenwich Street, 6th Floor, New York, NY, 10013,Attention: Legal/Compliance [E6WYB6412478]. In addition, the same important disclosures, with the exception of theValuation and Risk assessments and historical disclosures, are contained on the Firm's disclosure website athttps://www.citivelocity.com/cvr/eppublic/citi_research_disclosures.Valuation and Risk assessments can be found in the text of the most recent research note/report regarding the subject company. Pursuant to the Market Abuse Regulation ahistory of all Citi Research recommendations published during the preceding 12-month period can be accessed via Citi Velocity(https://www.citivelocity.com/cv2) or your standard distribution portal. Historical disclosures (for up to the past three years)will be provided upon request. Citi Research Equity Ratings Distribution Guide to Citi Research Fundamental Research Investment Ratings:Citi Research stock recommendations include an investment rating and an optional risk rating to highlight high risk stocks. Risk ratingtakes into account both price volatility and fundamental criteria. Stocks will either have no risk rating or a High riskrating assigned.Investment Ratings:Citi Research investment ratings are Buy, Neutral and Sell. Our ratings are