Panda Global Advisors

Executive Biographies

Mark Landis- Managing Member Founding Principal and Global Head of Business
Development.

Mr. Landis has over 25 years of experience in the financial industry, encompassing senior
management roles on both the buy and the sell side. Mr. Landis worked together with
Mr. Haywood and Mr. Rok in the Fixed Income division of CSFB.

Prior to Panda Global Advisors, Mr. Landis was the Global Head of Marketing and
Investor Relations at Touradji Capital Management a USD 3.5bn commodity focused
hedge fund.

Mr. Landis spent 15 years at CSFB in its Fixed Income division, the last 5 of which as
head of Global Sales, Research and Marketing for all Fixed Income and Commodity
Instruments. In addition, he was a Managing Director and a member of CSFB’s
Operating Committee, Executive Board, Fixed Income Operating Committee and the IT
Committee. .

Following his time at CSFB and prior to joining Touradji Capital, Mr. Landis was the co-
founder of the RBS Greenwich Capital Credit group where he headed the US Credit
Products Business and headed Credit Sales, Research and Trading for all High Yield,
High Grade and structured securities and derivatives.

Mr. Landis started his career on Citibank’s International Fixed Income desk. Mr. Landis
graduated with a B.S. in Computer Science and Economics from Union College

Hans Haywood – Managing Member, Founding Principal and Chief Investment

Officer.

Mr. Haywood has over20 years of experience trading in the financial and capital markets,
principally in the Emerging Markets. During his career, Mr. Haywood has successfully
navigated several periods of extreme market stress and volatility.

Most recently, Mr. Haywood was a Partner and Senior Portfolio Manager at Sailfish
Capital Partners, where he founded the Emerging Markets trading strategy for the fund.
While at Sailfish Capital, he traded and managed risk for the fund’s Emerging Markets
portfolio, investing in Latin America, Eastern Europe and Africa/Asia and utilizing the
full spectrum of Emerging Market assets.

Prior to Sailfish Capital, Mr. Haywood was a Managing Director at Credit-Suisse First
Boston (“CSFB”). From 2003 to 2005 he was responsible for Emerging Markets
proprietary trading. Mr. Haywood was a Director at CSFB where he first worked in
London, heading the external debt trading desk for Eastern Europe, Middle East and
African countries and then worked in New York, where he headed both the Asian credit
trading business, and the Latin American corporate trading business. Mr. Haywood
began his tenure with CSFB in Singapore between 1997 and 1999 where he established,
traded and managed risk for the proprietary Asian credit trading book and then
established the firm’s customer oriented global Asian credit trading business.

Mr. Haywood was previously an Executive Director at Sumitomo Finance Asia in Hong
Kong, a Manager at Baring Brothers Limited in London and a Senior Associate at
Bankers Trust International in London. Mr. Haywood received his Masters Degree in
Chemical Engineering at the Imperial College of Science, Technology and Medicine in
London, England in 1990.

Jason Rok - Founding Principal and Chief Operating Officer.

Mr. Rok has 24 years of experience in the financial industry and worked together with
Mr. Haywood in the Emerging Markets group of CSFB and together with Mr. Landis in
the Fixed Income division of CSFB.

Prior to Panda Global Advisors, Mr. Rok was the Chief Operating Officer at JNF Asset
Management, where he oversaw the creation and start-up of a USD 500mm hybrid
private equity hedge fund. He was responsible for the development of the operations and
compliance platform as well as FINRA filing for the broker/dealer arm.

Between 2004 and 2007 Mr. Rok was a Managing Director at Cantor Fitzgerald serving
as the Chief Operating Officer and Co-Head of the Structured Finance and Repo division,
as well as being a member of the senior management team and operating committee
running the Fixed Income division. Mr. Rok was responsible for the development of the
financing desk, recruiting and training a team of two dozen people as well as developing
and trading a wide range of products utilizing the firm’s USD 65bn balance sheet.

Mr. Rok was a Director at Credit Suisse First Boston, where, from 1998 to 2004 he was
responsible for managing and developing the Emerging Markets Repo book with a peak
balance sheet of approximately USD 10bn. Previously, at Credit Suisse, Mr. Rok was a
vice-president and held positions within the Proprietary Macro-Trading group from 1993
to 1998, the Liability Management group, from 1988 to 1993 and the operations group
for the US government trading desk from 1985 to 1998.