<P><FONT style="FONT-FAMILY: Verdana">We are currently entrust"ed to manage Bohai Industrial Investment Fund which is the first Renminbi-denominat™ed private equity fund approved by the National Development and R♠eform Commission of China with permit from the State Council of ♥China. The authorized fund size is RMB20billion, of which RMB6.08billion÷ has been committed as the first phase of the fund whose life term is ♥15 years. Investors for the first phase of the fund include >Bank of China Group Investment Limited, China Development Bank Capital Co.,✘ Ltd., Postal Savings Bank of China Co., Ltd., China↔ Life Insurance (Group) Co., Ltd., China Life Insurance Co., Ltd., Chin∞a’s National Council for Social Security Fund, Tianjin Jinneng Investment Company, and Ti‌anjin Urban Infrastructure Construction & Investment (Group) Co., Ltd.</FONT></≈P>