In collaboration with Quam Group

1. 你 的 終 身 學 習 伙 伴 Your lifelong learning partner School code : 102 CEF Course Code : 23C03326-5 Value Investing: Theories and Practices Register for March 2006 Intake NOW Course begins March 7, 2005 (Tuesday) 41558 價值投資法：理論與實踐 In collaboration with Quam Group Course Coordinator: Mr. Ricky Chung, CFPCM, CFA, MHKSI (Email: rchung@ouhk.edu.hk ) • Programme Features • Currently the only course available in the market that provides both classroom sessions and financial research tools via an online platform, Quamnet.com • Course includes online financial research services and tools provided by Quamnet.com • Taught by experienced financial experts drawn from Quam Group (3 lessons) and other finance professionals appointed by LiPACE, OUHK (7 lessons) • A “Certificate of Completion” will be issued by LiPACE to those who have successfully passed all the course assessments and have at least 70% attendance • Objectives • Acquire a good foundation of fundamental analysis in investments • Understand the insightful implications from conducting an in-depth financial ratio analysis • Acquire solid and practical knowledge and skills in valuing securities • Course Outline • Fundamental analysis (6 hours) • Financial ratio analysis (9 hours) • Securities valuation (9 hours) • Investment strategies (6 hours) Medium of Instruction Cantonese supplemented with English ( Course materials are in English ). Assessment There is only continuous assessment for this course. It can be in the form of assignment, case study, simulation game, quiz, etc. Admission Policy This programme is open to everyone. However, applicants are advised that they may find the course difficult if they do not have a recognized degree or a diploma. Course Fee HK $4,980 ( A maximum of 80% course fee is reimbursable under CEF) Plus a HK$1,000 reimbursement from Quam for students who complete the course and subscribe to a 12-month Quam Financial Advisory service. Terms and conditions apply. • Application Procedure • Please send the following in person or by mail to LiPACE: • A completed Enrollment Form obtainable from LiPACE website or admission office, and • A cross cheque payable to “The Open University of Hong Kong”. Commencement Date 7 March 2005 (Tuesday) (6:45pm – 9:45pm) Duration 30 Hours (10 lessons)

2. Guest Speakers from Quam Group Mr. Vincent LAM Siu Yeung 林少陽先生(Director of Quam Asset Management) • Mr. Lam is the Director and fund manger of Quam Asset Management. He has a track record in managing a number of funds and portfolios with an overwhelming performance: • The “Quam Equity Growth Fund” under his management achieved a growth of over 71% of its NAV since the fund launched in July 2002. • Small-cap Portfolio, Small-cap Portfolio 2001 and Real Money Portfolio 2002 beat the Hang Seng Index by 80%, 49%, 38% after launching in Dec 1999, Jan 2001 and Nov 2001, respectively and yielded absolute returns of 45%, 15%, 17%. • Besides, Mr. Lam heads up management for two funds namely “Quam Value Fund” and “Quam Greater China Fund”, tapping regional investment opportunities. Mr. Henry CHAN Chi Sheung 陳亨利先生(Head of Research, Quam (I.A.) Ltd.) Mr. Chan is the Head of Research and leads the Quam Research team specializing in the analysis of Hong Kong stock market and listed companies. Mr. Chan graduated from Queen's University in Canada with a bachelor and a master degree. He is the Head of Research at Quam (I.A.) Limited. Since 2001, Mr. Chan has been writing a column “Value Investment” on the widely acclaimed Hong Kong Economic Journal. He also contributes an investment column to the South China Morning Post, and appears on TVB, ATV, Benchmark Magazine, Quam Securities and Midland Wealth Management from time to time. See what students from previous intakes said: “I like the practical aspect and the exercises were useful in putting what has been learnt together.” - Mr. Adrian Wong “The course let me know how to evaluate the true value of the stock and why I buy this stock.” - Mr. W.M. Mok “I like the security valuation, because the topics are interesting and practical.” - Mr. H.D. Ho “I like the section of the analysis of annual report; the teacher provides his precious experience on how to focus on the key point. And the other section that I like most is how to calculate the value stocks from the view of a professional investor.” - Mr. Joseph Wu “I will recommend my friends to take this course, I am not a B.A. graduate, and lack of knowledge to select a stock. The course really gives me a lot of background knowledge to choose a good stock.” - Ms M. Wong “Lecturer provides a very good and practical hints on the use of information & researches reports from various sources. I will recommend this course to my friends because value investing is useful, meaningful, and important.” - Mr. Martin Leung “I like the first part of the P&L and the cash flow, accounting theories; together with the growth stocks plus the value stocks analysis, risk analysis and the portfolio management.” - Mr. S.H. Chan Venue ILC or other venue. ( ILC : Island Learning Centre, 4/F, Shun Tak Centre, 168 Connaught Road Central, Hong Kong. Enquires Tel: 3120 9988 Fax: 2381 8456 Email: lipace@ouhk.edu.hk Website: www.ouhk.edu.hk/lipace Address: 4/F, Shun Tak Centre, 168 Connaught Road Central, Hong Kong. Counter Service Hours: 9:00am – 8:00pm (Mon-Fri); 9:30am – 5:00pm (Sat) 200508