The eleventh (extraordinary) session of the fifth Board of Directors was held in Fuzhou on May 25, 2006. Chairman Gao Jianping presided over the meeting, at which, the following proposals were reviewed and approved: the Proposal on Revising Articles of Association, Proposal on Revising Rules of Procedures of General Shareholders’ Meeting, Proposal on Adding Topics for Discussion to General Shareholders’ Meeting 2005, Proposal on Adjustment in Some Senior Executives’ Positions, Plan and Budget for Bad Loans Write-off in 2006, Report on the Work of the Executive Committee under the Board of Directors in 2005, Report on the Work of the Risk Management Committee under the Board of Directors in 2005, Report on the Work of the Audit Committee under the Board of Directors in 2005, Report on the Work of Related Party Transaction Control Committee under the Board of Directors in 2005, and Report on the Work of the Nomination, Remuneration and Evaluation Committee under the Board of Directors in 2005. The Board also listened to the Suggestion on Setting Professional Senior Management Positions, Report on Capital Replenishment Progress, and Report on the Business Performance from January to April in 2006.