From March 23rd to April 9th, 2006, China Everbright Bank (CEB) plans to launch the fourth generation products of Sunshine Wealth Management Plan A+ and Plan A. The new products feature floating returns linked to the forward price of crude oil and high expected return rate. Returns are paid annually and increase proportionally with the forward price of crude oil.

The two-year-period Plan A+ with floating returns linked to the forward price of crude oil has an expected return that is linked to the closing forward price of crude oil, and an actual return rate that increases proportionally with the forward price of crude oil.Returns may be denominated in any currency of the clients’ choice. Plan A+ is designed to include an exchange rate protective mechanism, with a minimum expected annual return rate of 0.60%, and a maximum rate of 4.25%. This plan is attractive to clients who aim at high return, are able to bear high risk, accept the return-guarantee rate, and agree not to terminate the Plan prior to the maturity.

Over the same period, CEB launched the wealth management product for USD of the Sunshine Wealth Management Plan A. On the basis of the original fixed return product, Plan A now incorporates a new one-year-period floating product linked to the forward price of crude oil. The USD semiannual fixed return product has a maximum expected annual return rate of 4.65% prior to tax. The USD annual floating product linked to the forward price of crude oil has a minimum return rate of 3.00% prior to tax, the same as the USD annual fixed deposit interest rate prior to tax, and a maximum expected return of 7.00%, thus the return prospect is very promising.

Compared with other previously launched products linked to exchange rates or interest rates, forward price of crude oil, to which the current generation of products launched by CEB is linked, is more closely related to the everyday life of investors. With regard to the domestic oil market, the rise and fall of oil prices are directly related to people’s everyday expenditures. This product provides investors with necessary tools to avoid risks caused by the fluctuation of oil prices. When the international oil price goes up, the return of the product will increase accordingly, hence making up the extra expenditure needed by investors due to oil price rise. When oil price goes down, this product provides a return-guarantee rate higher than the interest rate of demand deposit after tax deduction, giving investors a sense of security; meanwhile, investors living expenditure would go down as well. Therefore, the product is of sound investment value.

As the leading enterprise in the domestic wealth management market, CEB has always adhered to the “market-oriented and client-centered” philosophy. In the future, in response to the needs of the market, CEB will design more innovative products and provide quality services to help its clients maintain and increase the value of their funds.

In the first two months of this year, the amount of wealth management products sold by CEB reached to RMB9.1 billion, almost 1/3 of last year’s sales volume, propelling a rapid growth of personal deposits as well as making a remarkable profit from intermediary business. Statistics show that at the end of February, total balance of personal deposits reached RMB91.42 billion. In merely two months, the annual increment plan has been completed by more than 50%, showing a great potential of growth.