The members of the Company’s investment and development committee are Mr. Li Yongwu(a non-executive independent director), as chairman of the committee and Mr. Li Xinhua (a non-executive director) and Mr.Wang Dongjin (a non-executive director), as members of the committee. The investment and development committee’s major responsibilities include:

studying the strategies of the Company as proposed by the president and making recommendations to the board of directors;

studying the annual investment budget and the adjustment proposal regarding the investment plan as proposed by the president and making recommendations to the board of directors; and

reviewing feasibility studies and preliminary feasibility studies for material investment projects subject to the approval of the board of directors and making recommendations to the board of directors.