REPORTS

RESEARCH REPORTS

Please note that the views expressed in research reports published by third parties are those of the authors, and do not necessarily represent the views of QMD International and should not be attributed to the Company. Furthermore, the Company cannot be held responsible if factual errors occur in articles published by third parties.

Sylvia Quandt Research

Euro Asia published final 2011 results. The new, international accountant Mazars changed some of EA’s account positions, making the company significantly more transparent

Sylvia Quandt Research

Euro Asia should benefit from Chinese easing on the residential market front. July 18, 2012

Sylvia Quandt Research

2011 Earnings Comment – SQR confirms “BUY” recommendation and price target of 9.25 after the release of solid 2011 results, 06 July March 2012.

Sylvia Quandt Research

2011 Earnings Preview – Profitable execution of Weifang projects. EuroAsia delivered , 28 March 2012.

Sylvia Quandt Research

Initiating Coverage – Facilitating urbanization for the fast-growing Chinese middle class, 02 May 2011.

independent research

Entry Standard Research Guide – analysis of Entry and General Standard Conference in Frankfurt, 02 May 2011.

independent research

Entry Standard Research Guide – analysis for Deutsches Eigenkapitalforum in Frankfurt, 22 Nov 2010.

VB Equity Research

IPO coverage, 28 April 2010.