The eleventh session of the third Supervisory Board was held in Taiyuan on September 8, 2006. Ms. Bi Zhonghua, Chairman of the Supervisory Board, presided over the meeting. The Supervisory Board reviewed and approved the Proposal on Conducting Audit on the Credit Card Business and the Proposal on Carrying out Audit and Investigation on the Implementation of Foreign Currency Capital Transfer Pricing System. The Supervisory Board also listened to the following four reports: Report on the Internal Audit of the First Half Year, Rectification Report Based on CBRC's Regulatory Notice to the Bank, Report on the Bank's Financial Conditions from January to June, 2006, and Report on the Operations of Taiyuan Branch.