On 3 June 2008, the Shanghai Branch of China Securities Depository and Clearing Corporation Limited issued the Guidance for Settlement of Special Business Through the System for High Volume Transactions of Shanghai Stock Exchange (Trial Implementation) (the “Guidance”), which took effect on that day.

The Guidance applies to parties engaged in bulk trading and provides detailed requirements as to how to open, change or cancel settlement accounts, as well as how and when the transactions are settled.

For more information, please refer to the full text of the Guidance at http://www.chinaclear.cn/main/03/0301/030102/dzjyxt.pdf