On the afternoon of November 13, 2007, China Everbright Bank (“the Bank” or “CEB”) held the fourth extraordinary meeting of the Fourth Board of Directors in Beijing. The meeting reviewed and approved such proposals as the Agreement on Investment and Share Purchase to be signed by CEB and China SAFE Investments Limited, director adjustment plan and change of registered capital, signaling a substantial step forward in the financial restructuring of the Bank. It is reported that the proposals above will be submitted for approval to the extraordinary shareholders’ general meeting of CEB to be held at the end of this month.