China Construction Bank Corporation (the “Bank”, Stock Code: 0939) held its first annual general meeting (the “AGM”) after listing. And all resolutions were approved, including 14 ordinary resolutions and 4 special resolutions.

2005 report of the board of directors of the Bank and 2005 report of the board of supervisors of the Bank were considered and approved. Spokesman of the Bank indicated that in the past one year, the board of directors and the board of supervisors of the Bank had perform their duties and responsibilities in line with relevant regulations and rules as well as provisions stipulated by corporate governance documents of the Bank, so that the corporate governance and businesses could be improved and developed in a steady manner.

 The AGM passed the appointment of Mr. Luo Zhefu as an executive director and the appointment of Lord Peter Levene as an independent non-executive director of the Bank. The spokesman said that Mr. Luo Zhefu has served the Bank for many years with rich experience in banking management and operations; and Lord Peter Levene is chairman and director of several international companies with abundant experience in enterprises administration and corporate governance. The election of two new directors will absolutely help the Bank further improve its corporate governance.

The AGM passed the ordinary resolution of supplementary authorization to be granted by the AGM to the board of directors. Its approval will be beneficial to the Bank to meet all opportunities and challenges in the fast-changing market, so that the bank could make decisions in an efficient and effective way to carry out business and corporate maneuvers.

In additions, the AGM also approved the payment of the final dividend of RMB 0.015 per share for the year ended December 31, 2005.

Chairman of the Bank Mr. Guo Shuqing said, “the first AGM after our IPO was successfully held and closed. All shareholders have given affirmative comments over the works of the board of directors, the board of supervisors, the management and all staff in the past one year, and have delivered their supports about our development strategy for the coming years. In 2006, we will continue to be committed to offering maximum return for our shareholders, improving our competitiveness and profitability, and providing best services to our customers.