The eighth session of the third Supervisory Board was held in Shanghai on March17, 2006. Chief Supervisor Huang Guangtong presided over the meeting, at which, the following eight proposals were reviewed and approved: Report on the Work of the Supervisory Board in 2005, Report on Evaluation of the Performance of Supervisors in 2005, Report on Business Performance and Final Financial Report in 2005, Annual Report 2005, Management Letter Concerning the Credit Extension Examination Mechanism. The Supervisory Board also listened to Fujian Huaxing Certified Public Accountants Limited’s Explanation on Audit Work in 2005.