Order No.38 of China Securities Regulatory Commission "Interim Measures for the Management of Futures Investor Protection Fund" has been deliberated and adopted by China Securities Regulatory Commission and Ministry of Finance, and is hereby promulgated and shall come into force as of August 1 2007. Chairman of China Securities Regulatory Commission: Minister of Finance of People's Republic of China (PRC), Shang Fulin: Jin Renqing April 19, 2007