China Pacific Assets Management Co., Ltd.

Pacific Asset Management Co., Ltd. was founded on June 9, 2006. It was held by CPIC Group, headquartered in Shanghai and registered capital totaling RMB 500 million.

The company adheres to the core value of pursuing steady growth and excellence with business integrity, and follows the business philosophy of professional, steady and excellent service. Its line of business: manage and use self-owned capital and premiums, entrusted capital management business, capital management-related consulting services, and other asset management business permitted by laws and regulations. By the end of 2007, the total asset and net asset of the company reached RMB 568 million and RMB 510 million respectively, with net profit of RMB 7 million.

The company gives priority to clients’ interests. It has established complete mechanism for entrusted capital management, so as to fully protect the interests of the clients and give fair treatment to every client. It has opened separate accounts for different entrusted capital, aiming to prevent moral risks. The company will communicate with its clients in making investment decisions offers tailor-made investment services.

The company has 74 employees. All investment managers hold master or above degrees with rich experience, among which 12 holding doctor’s degree, 11 are CFAs and 16 once studied or worked abroad.