Introduction of Fuanda Fund Management Co., Ltd.

20 1 1 In April, with the approval of China Securities Regulatory Commission, Fuanda Fund Management Co., Ltd. was formally established. Fuanda Fund was established by Nanjing Securities Co., Ltd., Jiangsu Communications Holding Co., Ltd. and Nanjing Hexi New Town State-owned Assets Management Holding (Group) Co., Ltd. * *. The registered capital of the company is 288 million yuan, and the registered place is Shanghai.