PING AN SECURITIES COMPANY LTD. Morning Express

Mon, 3 August. 2009 Opening: UP 18 point at 3430

(Shanghai Comp. Index – Trading Hr: 9:30 - 11:30am & 1.00 – 3.00pm)

Last Closing Chg (%) Vol (RMB Bil) SSE Composite Index 上证综指 3412 2.72 224 SZSE Component Index 深证综指 1118 3.13 107 CSI 300 Index 沪深300 3735 2.75 184 S S E S ME P RICE INDEX 中小板指 4767 2.67 15 SSE 50 Index 上证50 2817 2.28 74

— MARKET NEWS 1. CFLP (物流与采购联合会): China's PMI of manufacturing sector rises to 53.3% in July 2. State Administration of Taxation (税务总局): Tax revenue from non-citizen firms in China rise 40% in H1 3. Number of China's domestic-funded enterprises continues to grow in H1

— SECTOR NEWS 1. Power: China's installed wind power capacity doubles in H1 2. Energy: China per-unit energy consumption falls 3.35% in H1 3. Steel: China's crude steel output to top 500 mln tonnes this year, over-capacity exists 4. Insurance：Net assets of China's insurance industry up 17.5% 5. Property： New home sales may fall 10% in Shanghai

— QFII & QDII & IPO NEWS 1. IPO: 4August – (光大证券，780788.SH) 10August - ACCELINK TECHNOLOGIES（光迅科技, 002281.SZ） 10August - Hangzhou New Century Information Technology（新世纪, 002280.SZ）

Source: Ping An Research, People’s Daily, www.windin.com, www.xinhuanet.com

9 PING AN RESEARCH - NEW ISSUES / RATING (Full reports in Chinese available to clients of PASC)

Stock (E) Stock (C) Code Sector Rating SHENZHEN AIRPORT 深圳机场 000089.SZ Transportation Neutral BEIJING AEROSPACE CHANGFENG 航天长峰 600855.SH Machinery N/A HEAVY INDUSTRY 三一重工 600031.SH Machinery Buy KongZhong Corporation 空中网 NASDAQ:KONG TMT Buy LU ZHOU LAO JIAO 泸州老窖 000568.SZ Food & Beverage Buy XIANGTAN ELECTRIC MANUFACTURING 湘电股份 600416.SH Power Equipment Buy FUYAO GLASS GROUP INDUSTRIES 福耀玻璃 600660.SH Auto Strong Buy

PING AN SECURITIES www.pingan.com/QFII This is prepared for clients of Ping An Securities Company Ltd. and other professionals. The information and points contained herein do not form bids or inquiries of the said securities and are only for reference.