Appendix I The Launch of Universal Credit Rating Group & Forum on International Credit Rating System Reform Program

(Tentative) Time and Venue Time: 14:00 -19:30, June 25, 2013 Venue: Ritz-Carlton Hotel, International Commerce Center, 1 Austin Road West, Kowloon, Hong Kong China Ca. 300 attendees Part 1: Launch of Universal Credit Rating Group (14:00-15:00) 13:30 - 13:55 Arrival of guests and registration 13:55 - 14:00 Introduction of the VIPs by moderator Richard Hainsworth, CEO of UCRG 14:00 - 14:10 Speech by Guan Jianzhong, Chairman of UCRG 14:10 - 14:20 Speech by Pan Gongsheng, Deputy Governor of the Peoples Bank of China 14:20 - 14:30 Speech by Alexei Vladimirovich Moiseev, Deputy Finance Minister of Russia 14:30 - 14:40 Speech by Antonio Borges, Former Director of European Department, Professor of Economics at Catlica-Lisbon School of Business and Economics; Former Director of the European Department, IMF 14:40 - 14:50 Summary of the launch of UCRG by the moderator

Part 2 Forum on International Rating System Reform (15:05 18:35) 15:05 - 15:10 Introduction of the VIPs by the moderator of the forum: Norbert Gaillard, Economist and Independent Consultant 15:10 - 15:15 Welcome Speech by Liang Zhengying*, Chief Executive of Hong Kong 15:15 - 15:25 Keynote speech by Zhu Guangyao, Vice Minister of Finance of China 15:25 - 15:40 Keynote speech by Robert Mundell, Professor of Economics, Columbia University 15:40 - 15:55 Keynote speech by Dominique de Villepin, former Prime Minster of France The European Sovereign Debt Crisis in the contest of the current credit rating system
1

15:55 - 16:10

Speech by Guan Jianzhong, Chairman of UCRG

16:10 - 17:30 Panel discussion "What are the risks and impacts on economy and countries of maintaining the current credit rating system?" Chairman: Norbert Gaillard, Economist and Independent Consultant Edward Luttwak, Senior Associate, Center for Strategic and International Studies of Washington Ana Palacio, Former Foreign Affairs Minister of Spain; member of the Council of State Antonio Borges, Former Director of European Department, Professor of Economics at Catlica-Lisbon School of Business and Economics; Former Director of the European Department, IMF 17:30 - 18:30 Panel discussion "Possible alternative solutions to the failure of current credit rating system and importance of having credit rating agencies in Asia, where capital flows into economy" Chairman: Norbert Gaillard, Economist and Independent Consultant James Barth, Senior Finance Fellow, Milken Institute Massimo Capuano, CEO of UBI Centro Banca, Former President of Borsa Italiana SPA Robert Mundell, Professor of Economics, Columbia University Anatoly Aksako, Deputy Chairman of Russia Duma Financial Market Committee 18:30 - 18:35 Closing remarks by the moderator

Part 3 Cocktail Party (18:40 19:30) 18:40 - 18:45 Introduction of the VIPs by the moderator Sean Egan, Director of UCRG 18:45 - 18:50 Toast by Richard Hainsworth, CEO of UCRG 18:50 - 19:30 Band performance * to be confirmed Simultaneous interpretation between Chinese and English is provided.