Client Instruction of Trading of Securities of Shenzhen Stock Exchange (SESE) Trading Rules (2006)

3.2.1 In order to trade securities, investors shall open securities accounts and cash accounts and sign stock broking agreements with an Exchange member. The client-broker relation is established upon effect of the agreement.

The procedures to open securities accounts are subject to the regulations of the registration and clearing institution designated by the Exchange.

3.2.2 Clients may instruct an Exchange member in writing or by self-help means such as telephone, self- help terminalor Internet to buy or sell securities on their behalf.

Instructions through telephone, self-help terminalor Internet shall follow relevant operation procedures.

3.2.3 Investors seeking to participate in securities trading by self-help means shall sign a self-help trading agreement with an Exchange member.

3.2.4 Unless otherwise specified, a client instruction shall include information on the following:

1. number of the client's securities account;
2. codes of securities to be traded;
3. buy or sell;
4. trade quantity;
5. price; and
6. other information as required by the Exchange and the Exchange member.

3.2.5 Clients may place a limit order or market order for securities trading.

A limit order is a client's instruction to his broker to buy a security at a specific price or lower, or to sell at a specific price or higher.

A market order is a client's instruction to his broker to buy or sell a security at the best price currently available.

3.2.6 Clients may cancel the unexecuted remainder of an instruction.

3.2.7 Exchange members shall return to the clients the cash or securities corresponding to the cancelled or disabled instructions upon confirmation thereof.

3.2.8 Margin trading and short sales services provided to the clients by securities firms are governed by relevant regulations.