Monday, June 11, 2007

Restricted Free Float Share

Shares of stocks in China’s A-Share market held by the government or its subsidiaries/agencies, including state-owned shares or legal person shares.

Shares held by strategic investors, which include legal persons, companies or groups of strategic investors in the A-Share market.

Shares held by members of the directorate and senior management and their family members or relatives, as well as shares held by the company’s founders or founder families.

Stocks held by enterprise employee include such channels as employee pension plan, annuities for employees or management staff.

In China, most State Owned Enterprise (SOE) would have a significant percentage of shares as Restricted Free Float Share. For example, China Life has 70.49% of shares in this category.

China Life

No. Of Share (x10,000)

%

Restricted Free Float Share

1,992,353

70.49%

Free Float Share

834,118

29.51%

A Share

90,000

3.18%

H Share

744,118

26.33%

Total

2,826,471

100.00%



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