CCB will issue the hybrid fund with balanced dividend for ICBC Credit Suisse Asset Management Co., Ltd. as the agent bank from June 15 to July 11, 2006.

The objective of the fund is “to effectively and efficiently control risks of the investment portfolio, and to pursue a stable return and long-term appreciation of the equity.” The product has the following characteristics: first, belonging to Hybrid Fund. The expected yield and risks fall into the midst of stock fund and bond fund. The product meet the requirement of investors who reluctant to bear high risks, yet wish to share the interest from the stock market. Second, investing in stocks and bonds with the balance-oriented strategy. The investment in stocks will range from 40% to 80%, bonds and other short-term financial products 20% to 60%. Third, making the best even better and pursuing long-term appreciation. The company of this product enjoys an improved governance structure, stable management, perfect performance and is committed to excessive reward for investors.

Since the launch of agency fund sales, CCB has been following the “customer-oriented” philosophy to accumulate experiences with the purpose of providing investors with quality, convenient and comprehensive services. As of the end of this May, CCB has cooperated with 16 asset management corporations, issued 50 funds on an agent basis, with the accumulated scale of RMB 60 billion fund. So far, funds of CCB have covered such categories as stock, money, hybrid and bond funds. It offers back-end load, regular subscription and transfer services. At present CCB has well prepared for the issuance of the fund in terms of staff training, marketing and customer services. Investors soon will be able to subscribe the fund at over 14,000 CCB outlets nationwide. For more details please call CCB customer service hotline 95533.