ADR Program

ADR Program

A Level I American Depositary Receipt program in respect of the Company's H shares was established on March 28, 2005. American Depositary Shares evidenced by American Depositary Receipts are traded in the over-the-counter markets in the United States. Each American Depositary Share represents 20 H shares.Since July 9, 2007, ADR:ORD has been changed from 1:20 to 1:2.