Overview of the markets Non-tradable Share Reform in Chinese Capital markets Number of Listed Companies 1800 1600 1400 1200 1000 600 200 1994199519961997199819992000200120022003200420052006 D Number of Listed Companies(A, B Share) U Number of Listed Companies(B Share)I OR INTERNAL USE ONLY this communication may be reproduced or redistributed ② 中国证券监督管理委员会 BINA SECUIRTTIES E ATDRYCDFOR INTERNAL USE ONLY – No portion of this communication may be reproduced or redistributed. Non-tradable Share Reform in Chinese Capital markets Number of Listed Companies Number of Listed Companies Overview of the Markets Overview of the Markets 0 200 400 600 800 1000 1200 1400 1600 1800 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Number of Listed Companies(A,B Share) Number of Listed Companies(B Share)