CCB will issue the CCB Principal Select Growth Equity Securities Investment Fund (“CCB Principal Select Growth Fund” for short) for CCB Principal Fund Management Co., Ltd. on an agent basis from August 8 to September 5, 2006.

The investment objective of CCB Principal Select Growth Fund is to maintain the long-term value increase of fund assets by investing in the listed companies with sound performance growth potential and investment value. The product has the following features: first, its risk and yield are expected to be higher than those of value or hybrid fund. With a generally higher risk-return level than that of value equity fund or hybrid fund, the growth equity fund is usually favored by the investors expecting higher return with fairly big appetite for risks; second, flexible asset allocation. The portfolio proportion of equity investment of the fund stands between 60 and 95%, allowing greater flexibility of asset allocation; third, selecting the stocks with great growth potential and investment value. The fund will conduct qualitative and quantitative analysis on the growth potential, sustainability and investment value of listed companies and select those with big growth potential, sustainability and investment value to make investment.

Since establishment CCB Principal Fund Management Co., Ltd. has issued the Hengjiu Value Fund and the money market fund, creating stable return for investors. Its Hengjiu Value Fund has paid two dividends with RMB0.8 for every 10 fund units and its net accumulated value has amounted to RMB1.3007 (as of June 30, 2006). Statistics show that Hengjiu Value Fund has fairly small fluctuations of yield and enjoys a sound overall performance.

Since the debut of fund agency issuance services, CCB has been committed to providing investors with quality, fast and sophisticated services in line with the “customer-oriented” business philosophy. So far the bank has cooperated with 17 fund management companies in selling 52 funds, covering such categories as stock, money, hybrid and bond funds. It offers back-end load, regular subscription and transfer services. CCB has been well prepared for the issuance of the CCB Principal Select Growth Fund in terms of staff training, marketing and customer services. Investors will soon be able to subscribe the fund at nearly 14,000 CCB outlets nationwide. For more details please call CCB customer service hotline 95533.