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We analyze the possible dynamical emergence of IR conformal field theory describing the low-energy excitations of near-extremal black holes in five-dimensional compactification of heterotic strings. We find that, by tuning the mass and charges in such a way that the extremal black holes have a classically vanishing horizon area, the near-horizon develops an AdS3 throat and when we combine the low-energy limit with vanishing Newton coupling constant, the system has a dual conformal field theory description. We compare our results with c-extremization and the Kerr/CFT predictions.

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