China Construction Bank (CCB) is pleased to announce its first international non-performing asset portfolio auction recently. The transaction will consist of a sealed bid auction to purchase a portfolio of settled real estate assets with an outstanding principal balance of RMB 4.2 billion.

The auction is open to both international and domestic investors. All interested investors please contact CCB or Ernst&Young, CCB’s financial advisor for this auction, for detailed information before February 27, 2004.

CCB contact: Ms. Xu qiuhong, Mr.Ma zhaozheng

Tel: 8610-67598779, 67597957

Ernst&Young contact: Mr. Peter Chan

Tel: 8610-65246688