On October 17, the 2007 Special Olympics World Summer Games Executive Committee announced in Shanghai that China Construction Bank (CCB) and Bank of America will jointly sponsor the 2007 Special Olympics World Summer Games scheduled for October 2 to 11 in Shanghai. Zhou Taitong, Vice Mayor of Shanghai, Bruce Pasternack, Special Olympics President and CEO, Xie Duyang, CCB Board of Supervisors Chairman and Gregory Curl, Corporate Strategy and Development President of Bank of America were present at today’s press conference.

As a major international sport event, the Special Olympics World Summer Games organizes more than 200 sports trainings and athletic competitions for 2.25 million of children and adults with intellectual disabilities in more than 150 countries and regions and draws over 50 million of supporters. The 2007 Special Olympics World Summer Games marks the first time the World Summer Games will be held in China, Asia. Special Olympics athletes will compete in 23 different Olympic-type sports. In addition to some 7,000 athletes, the event expects to draw thousands of volunteers, referees and spectators from all over the world.

This first joint partnership of a major event between CCB and Bank of America embodies the two companies' goals for social responsibility and sport and community development.

CCB, a public company with investors all over the world, is committed to providing customers with comprehensive commercial banking products and services. Over years CCB has been an active player in supporting the disadvantaged group and community development. As of September 2006 the bank’s “care fund” has donated RMB34.726 million to the society. “The reform and development of China Construction Bank rely on the support of the community and our customers. It is our mission to contribute back to society, shoulder social responsibilities and commit ourselves to programs that support education, culture, sports, arts and others. As a partner and sponsor, we will strive to provide innovative financial products and services for the Special Olympics and sincerely offer all the athletes, referees and spectators excellent services to ensure the success of the event, “said Xie Duyang. According to Gregory Curl, “Bank of America is proud to partner with China Construction Bank on China's first Special Olympics.”

Zhou Taitong, on behalf of the Shanghai Municipal Committee of CPC, Shanghai Municipal Government and the Shanghai people, extended gratitude to the two banks for their joint sponsorship and efforts of providing excellent financial services for the Special Olympics. “As the financial center of China, Shanghai is well positioned to provide sound banking services. China Construction Bank, as one of the four major Chinese banks, enjoys good reputation in Shanghai and throughout the world. It is our sincere hope that with the support of the society the first Special Olympics World Summer Games to be held in a developing as well as Asian country will be a big success,” said Zhou.

 “China has about 13 million of people with intellectual disabilities. The Special Olympics World Summer Games to be held in Shanghai will help draw attention to those people and their families and further promote the event around the world. I hope with the efforts of CCB’s 13847 business outlets throughout China and over 300,000 employees the people with intellectual disabilities will be better understood and cared and enjoy a better life,” said Bruce Pasternack at the press conference. He also made highly positive remarks on the support of Chinese and American financial firms for the event.

About China Construction Bank

China Construction Bank was founded in 1954. In September 2004, CCB underwent a restructuring and founded the China Construction Bank Corporation. In October 2005, CCB was listed on the Hong Kong Stock Exchange Limited. CCB adheres to the operating principle of "customer-centric", provides domestic clients with comprehensive commercial bank services and products, and has been taking a leading position in business areas like infrastructure lending, bank card and residential mortgage lending. At present, CCB has an extensive service network in China. As of June 30, 2006, CCB had 13,847 branch outlets, 150 million active deposit relationships, and relationships with 99 of the top 100 enterprises in China. At present, CCB was ranked by market capitalization as a leading global commercial bank. CCB was incorporated as a constituent of Hang Seng China Enterprises Index and became the first H-share company to be included as a constituent stock of Hang Seng Index in September 2006. The bank was ranked top among PRC banks on the list of Tier-1 capital world banks by The Banker magazine in July 2006. It also ranked 65th in "The World's 2000 Largest Public Companies" by Forbes magazine in 2006. CCB's strategic vision is to be a world-leading commercial bank that provides the best customer services, maximizes shareholders' value and offers the best opportunities to its employees. For more details please visit www.ccb.com or call CCB service hotline 95533.

About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 54 million consumer and small business relationships with more than 5,700 retail banking offices, nearly 17,000 ATMs and award-winning online banking with more than 19.8 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. For more details please visit www.bankofamerica.com.

About Special Olympics

Special Olympics is an international organization that changes lives by promoting understanding, acceptance and inclusion between people with and without intellectual disabilities. Through year-round sports training and athletic competition and other related programming for 2.25 million children and adults with intellectual disabilities in more than 150 countries, Special Olympics has created a model community that celebrates people's diverse gifts. Founded in 1968 by Eunice Kennedy Shriver, Special Olympics provides people with intellectual disabilities continuing opportunities to realize their potential, develop physical fitness, demonstrate courage and experience joy and friendship. For more details please visit www.specialolympics.org.