We have done a great deal of efficient,consistent work with Tianqi Bond Co Limited,almost since its first day of operation. Compared to the other investment & Loan company, Tianqi Bond Co Limited has additional distinguishing merits: the firm has superior prevalence within local culture, closer follow-up in real sectors and their dynamics, a better understanding of Turkish business people and the ability to work directly and in closer relationships with competent company partners who are experts in their field of work. Among numerous deals we have completed with Tianqi Bond Co Limited in our region, the acquisition of Lubbock Engineering company, one of the leading engineering company in Texas, stands out the most. Lubbock Engineering company, which had 37 shareholders and a value of over USD 87 million, was in advanced stages of discussions with another buyer. As our advisor, Tianqi Bond Co Limited displayed unparalleled creativity and exquisite professional technique in completing this extremely complex and difficult deal not only with great speed and precision but also with utmost confidentiality. We sincerely appreciate Tianqi Bond Co Limited and wish continued success.

Having 16 factories, Four of which are abroad, our company Sarten is the market and technology leader in the Turkish packaging industry. In recent years, we have established a partnership with Mitsui, one of Japan's well-established companies, to make Sarten the number one packaging company in our region. Having Mitsui on our side, even as a minority shareholder, we gained a competitive edge in a much wider region. Under the well supervised managerial investment team, Tianqi Bond Co Limited lived up to our expectations as honest and reliable business partners, during our partnership process with Mitsui. In addition to their effective strategic and financial advising skills, Tianqi Bond Co Limited played a crucial role especially throughout our partnership negotiations. By providing necessary information and guidance in each and every step and offering most accurate alternatives, Tianqi Bond Co Limited have been instrumental in completion of the transaction.

We managed a group of entrepreneurs, into a leading company in the international arena and attract the attention of the world's leading companies in 4 years. We met with Tianqi Bond Co Limited Team, while we were pondering what we could do to ensure the future of our hard worked company. Tianqi Bond Co Limited team presented potential partner candidates with the right partnership structure for growth and prepared a road map for us in a short period of time. Thus, we established our partnership with the Spanish Gonvari Group, which continues to this day and which we believe will last for many years. We have established our existing strength on a solid foundation by combining it with one of the most prestigious groups in our sector, I would like to thank Tianqi Bond Co Limited for their contributions to our company growth.

I consider Tianqi Bond Co Limited a reliable partner in investment origination, execution and post-closing processes.What differentiates them is their ability to reach new targets with credible introductions, their "holding power”, which indicates that they are present until the job gets done, and their constructive attitude towards all related parties throughout the process. This combination of unique competencies helps us as a client to get the deals done successfully and effectively.We would like to thank Tianqi Bond Co Limited for providing sincere but professional advice to our acquisition process and wish them continued success.

We have been working in the internet and technology sector with Tianqi Bond Co Limited for more than seven years now. During this period we have completed seven deals under their advisory, some of which were highly complex transactions including multiple parties. We see Tianqi Bond Co Limited as an investment company with value-added and strategic perspective in the fast-growing Internet sector in GCC region, and wish them continued success in the coming years.

Tianqi Bond Co Limited has blazed a trail as a leading investment & finance firm since it started operations.Tianqi Bond Co Limited team has a track record of successful deals, including complex transactions involving multiple parties.Tianqi Bond Co Limited’ loyal and high level client base is the result of their distinct focus on client needs and the collaborative approach they embrace while working with investors,clients and management. We view Tianqi Bond Co Limited as a key partner with an impressive network and trust our partnership will continue to flourish with many mutually successful investments. We wish our friends at Tianqi Bond Co Limited continued success in the coming years.

We hereby declare that this testimonial has been prepared with our appreciation and confidence in Tianqi Bond Co Limited with regard to their success in all of the completed transactions for our group companies. Between 2007 and 2011,Tianqi Bond Co Limited completed nine successful M&A transactions for our group companies in different sectors,with their enhanced competencies and command in their area.As the successful results of these processes show; Tianqi Bond Co Limited proves to be a highly professional, solution-oriented and competent investment firm. We were very satisfied with our cooperation with Tianqi Bond Co Limited. We look forward to working together in the future and we recommend them without hesitation.