DC Advisory is the trade name for the following entities: Daiwa Corporate Advisory Limited, registered in England and regulated by the Financial Conduct Authority; DCS Advisory LLC, a broker-dealer registered with the U.S. Securities & Exchange Commission and a FINRA member; Daiwa Corporate Advisory GmbH, registered in Germany, Daiwa Corporate Advisory SAS, registered in France; Daiwa Corporate Advisory SL, registered company in Spain, Daiwa Corporate Advisory GmbH Sp. z o.o. Oddział w Polsce, registered in Poland, and a branch office of Daiwa Corporate Advisory GmbH, and Daiwa Corporate Advisory India Private Limited, registered in India and a subsidiary of DCS Advisory LLC’s parent company, DCS Advisory Holdings Inc. (collectively, the “DC Advisory Entities”). DCS Advisory was formed in 2018 by combining Sagent Advisors and Signal Hill. DCS Advisory LLC is also referred to as «DC Advisory US». Daiwa Securities Group Inc. is the common owner of the DC Advisory Entities.