SHAH CAPITAL MANAGEMENT Information

8601 SIX FORKS ROAD, RALEIGH, North Carolina, 27615, (919) 719-6360

Report Date: 09/30/2014

Position Statistics

Total Positions 16
New Positions 1
Increased Positions 6
Decreased Positions 10
Positions with Activity 16
Sold Out Positions 3
Total Mkt Value (in $ millions) 103

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 10.5%
Capital Goods 42.88%
Conglomerates
Consumer Cyclical 3.05%
Consumer/Non-Cyclical 0%
Energy 1.76%
Financial
Healthcare
Services 31.9%
Technology 9.9%
Transportation
Utilities

16 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CHINA YUCHAI INTL LTD COM 43,990 1,298 3.04 2,419,684
UTSTARCOM HOLDINGS CORP SHS NEW 31,383 1,364 4.55 10,711,077
TRINA SOLAR LIMITED SPON ADR 4,946 -24 (0.49) 487,800
COEUR MNG INC COM NEW 4,715 -20 (0.42) 986,442
MOLYCORP INC DEL COM 4,406 4,406 New 3,124,993
RENESOLA LTD SPONS ADS 3,843 66 1.74 1,575,110
CHINA XINIYA FASHION LTD SPONSORED ADR 3,126 494 18.77 5,389,325
PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR 1,810 -29 (1.59) 121,245
CORINTHIAN COLLEGES INC COM 1,349 314 30.39 10,792,553
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 1,064 -19 (1.71) 85,811
YINGLI GREEN ENERGY HLDG CO LT ADR 864 -14 (1.54) 301,952
ANGLOGOLD ASHANTI LTD SPONSORED ADR 590 -9 (1.51) 58,900
CANADIAN SOLAR INC COM 509 -5,667 (91.76) 18,355
ALPHA NATURAL RESOURCES INC COM -590 Sold Out 0
CHIQUITA BRANDS INTL INC COM -16,428 Sold Out 0
MOLYCORP INC DEL PFD CONV SER A -7,326 Sold Out 0