Company Share Change In S&P/CITIC 300 Index – December 2005

Standard & Poor’s and CITIC Securities would like to confirm the details of the following index inclusion to the S&P/CITIC 300 to take effect after the close of trading Friday December 16, 2005. Shanghai Yimin Department Stores Co. Ltd. (Exchange Ticker: SH600824, GICS: 25503020) will be included into the S&P/CITIC 300 Index with 237,244,898 shares, the free float of the stock will be 0.6126.

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About CITIC Securities
CITIC Securities Co., Ltd. is a subsidiary of CITIC Holdings, with core businesses in securities underwriting, brokerage, asset management, trading and investment consultation. By the end of 2004, CITICS' net assets reached over 5.4 billion RMB with 1,200 employees and 40 branch offices located in Mainland China. In the latest Asia Money ranking of domestic financial institutions in key Asia-Pacific markets, CITIC Securities ranked No.1 among all Chinese securities firms. The company undertook an initial public offering of 400 million A-shares towards the end of 2002 and was listed on the Shanghai Stock Exchange on January 6, 2003. www.citics.com