The tenth session of the third Supervisory Board was held in Fuzhou on May 26, 2006. Chief Supervisor Huang Guangtong presided over the meeting, at which, the following proposals were reviewed and approved: Proposal on Mr. Huang Guangtong's Resignation as Chief Supervisor, Proposal on Electing Ms. Bi Zhonghua as Chief Supervisor of the Third Supervisory Board, Proposal on Revising the Rules of Procedures of the Supervisory Board, and Proposal on Nominating Mr. Huang Kongwei as Candidate for Supervisor of the Third Supervisory Board. The Report on the Bank's Financial Status for the First Quarter in 2006 was heard at the meeting.