On 5 Jan 2009, the company and its affiliates (hereinafter jointly referred to as the company) signed the following agreements respectively:

1. the cooperation agreement on insurance sale with CIGNA & CMC Life Insurance Co. Ltd. and its affiliates (CIGNA & CMC);
   
2. the agreement on commission sale of investment fund with China Merchants Funds Management Co. Ltd. and its affiliates (Merchants Fund);
   
3. the cooperation agreement with China Merchants Securities Co., Ltd and its affiliates (Merchants Securities).

All the above original agreements expired on 31 Dec 2008 and have now been extended with another 3 years, from 1 Jan 2009 to 31 Dec 2011)

The company will continue the agency for insurance sales with CIGNA & CMC, as of 31 Oct 2008 for 10 months, the service fee paid by CIGNA & CMC to the company is about RMB 70,830,000 (unaudited); the annual maximum transaction in each year of 2009, 2010 and 2011 (the next 3 years) is fixed at RMB 500,000,000.

The company will continue the agency for investment funds with Merchants Funds, as of 31 Oct 2008 for 10 months, the service fee paid by Merchants Fund to the company is about RMB 51,970,000 (unaudited); the annual maximum transaction over the next 3 years is fixed at RMB 800,000,000.

According to the relevant rules of the Stock Exchange of Hong Kong Ltd, the above transaction constitute ongoing related transactions and need not require approval of independent shareholders.

Source: Shanghai Stock Exchange

Date: 6 Jan 2009

CN01/JW/VW/JW