New York, February 18, 2011

Deutsche Bank appointed as depositary bank for the sponsored level III American Depositary Receipt program of Zuoan Fashion Limited


Deutsche Bank today announced its appointment as depositary bank for the New York Stock Exchange-listed American Depositary Receipt (ADR) program of Zuoan Fashion Limited (“Zuoan”).

Zuoan is a leading design-driven fashion casual menswear company in China. Its products are designed in-house and sold under the Zuoan brand, which means "left bank" in Chinese, referring to the Left Bank district of Paris and embodying Zuoan’s design philosophy of "fashionable elegance." Zuoan offers a wide range of products, including men's casual apparel, footwear and lifestyle accessories.*

Akbar Poonawala, Head of Global Equity Services (GES) at Deutsche Bank said, “We welcome Zuoan to Deutsche Bank’s depositary receipts platform and look forward to working with the company on its initiatives to broaden its investor base.”

*Source: Zuoan Fashion Limited (February 2011)


For further information, please call:

Deutsche Bank AG                                
Press & Media Relations

Scott Helfman                                
Phone: +1 212 250 5602        
E-Mail: scott.helfman@db.com


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Trust & Securities Services

Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com 

This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG London. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© February 2011 Deutsche Bank AG. All rights reserved.




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