China Securities Depository and Clearing Corporation Limited on the Revision of the "china Securities Depository and Clearing Corporation Limited

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of the original record changes and other relevant documents, re-apply for securities investment business license and a copy of the original.

Article X of the following circumstances QFII shall entrust the trustee to apply for the relevant securities account cancellation procedures:

(A) securities investment business license have been returned to China Securities Regulatory Commission, to change its name to re-apply with the exception of securities investment business license but;

(B) Eligible funds (insurance funds, etc.) Investors terminate its management of asset management services;

(C) (except Bank only happens to change) RMB special account is closed;

Other circumstances (iv) the Company regulations. The trustee shall within 15 working days after the occurrence of the above circumstances apply to the Company’s securities account cancellation procedures. When the Custodian for the securities account cancellation procedures, to be issued by qualified investors, power of attorney and related materials "securities account management rules" provisions. The trustee did not seek cancellation of a securities account, the company the right to cancel or restrict the use of the account.

Chapter III securities registration and settlement business

Article XI issuer discovery faction dividends to investors, bond principal and interest, etc., the Company in accordance with the issuer’s securities commission to qualified investors cash dividend, bond principal and interest payment of the trustee and other settlement reserve account, custody shall promptly, in full, the cash dividend, bond principal and interest and other payment to the appropriate qualified investors.

Article XII of the transaction when the error occurred when QFII, custodians and securities companies have been in accordance with the Company’s record transaction error prevention and treatment protocols related to the company to apply for non-trading securities transfer procedures, and submit the following application materials :

(A) "transfer registration application form";

(B) corrections to the agreement, the agreement shall explain the cause of the error in the transaction;

(C) the trustee, securities issued by the company’s power of attorney;

(D) ID card and a copy of the original;

(E) over the side and had a securities account card and a copy of the original parties;

(Vi) other materials required by the Company to offer. Custodian and securities companies to apply for non-trading transfer shall take place in three working days to apply for error transactions, apply for transfer of the securities must have been completed securities settlement and not frozen, non-trading or transfer only the custodian of securities conducted between QFII accounts and securities accounts company’s own securities. Non-trading each business day 11:30 before submitting the transfer application, review and correct the Company at the date of acceptance procedures for transfer, and in the next issue, "Registrar confirmation." When the custodian and securities trading companies due to an error correction transact securities transfer, if at the same time the company commissioned to handle the funds designated to pay for, need to submit transaction error correction transfer money to apply for funding.

Article XIII custodian as the company’s clearing participant, directly related to the company for its QFII custodian and settlement business, bear the corresponding settlement obligations.

Article XIV custodian before to carry out settlement, shall, in accordance with the relevant provisions of the Company, and the Company entered into securities funds settlement agreement, clear the rights and obligations of both parties.

Article XV custodian shall in accordance with the relevant provisions of the Company’s business open a securities settlement accounts and funds settlement account (ie settlement reserve account), hosted by the trustee for the handling of all QFII funds securities settlement business .

Article XVI custodian shall select one in the company’s settlement banks, to open a special deposit account settlement funds, the account after obtaining the China Securities Regulatory Commission filing receipt and SAFE as specified in the Company reserved accounts receivable. Custodian only included funds to its settlement account and reserve account through which receives its funds from the settlement reserve account of remittance. Specify the name of the receiving account names should be consistent with the trustee.

Article XVII custodian settlement reserve account balance of the last day of the company shall not be less than the minimum settlement provisions approved limit. The lowest settlement reserve deposit ratio and adjust the implementation of the provisions in accordance with the Company.

Changes to Article XVIII trustee name, specify the receiving account-related information, as well as qualified investors in the Shenzhen Stock Exchange trading unit trust transactions occur, the trustee shall promptly in accordance with relevant provisions of the company, to handle the relevant information about the change. Change QFII custodian shall entrust the new trustee to the Company promptly apply for settlement relations change procedures.

Article XIX trustee shall in accordance with the Company’s securities, capital settlement result, on-time performance of settlement obligations. Custodian of the liquidation of the company’s data there are objections, it should be timely feedback to the company. Verified by the Company, the liquidation indeed errors, the Company will be corrected, but the trustee can not therefore refuse to perform or delay in the execution date of the settlement obligations. Any person involved in the settlement of disputes between investors and qualified, does not affect the company’s ongoing or have been completed in accordance with the business rules of the settlement and delivery of securities funds.

Chapter IV Risk Management

Diershitiao custodian shall be familiar with computers, financial, billing and other aspects of professionals responsible for the clearing operations, develop internal settlement management approach to ensure fund transfer channels custodian and settlement between banks and the smooth flow of the company.

Twenty-one custodian shall

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