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: managing and using 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 2008, the total asset and net asset of the company reached RMB 649 million and RMB 541 million respectively, with net profit of RMB 18 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 108 employees. All investment managers hold master or above degrees with rich experience, among which 16 holding doctor’s degree, 14 are CFAs and 18 once studied or worked abroad.

Growth strategy in the coming five years: develop into a leading asset management company in China with optimized corporate governance, diversified services, characteristic of complete governance structure, scientific investment, strict risk control, excellent services and innovation.