The company had entrusted Beijing Yonghe Jiacheng Auction Co. Ltd to auction 134,407,099 restricted A-shares of Haitong Securities held by the company on 23 May 2008 at 2:30 pm.

As no bidder had transacted registration procedures during schedule time period, in accordance with relevant regulations, the above-mentioned auction has been canceled.

Board of Directors
23 May 2008


Source: Shanghai Stock Exchange

Date: 23 May 2008

CN01/DM/KM