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Free Float Share Increase For Chengde Xinxin Vanadium & Titanium In The S&P/CITIC 300 Indices

Date 18/08/2005

Standard & Poor’s and CITIC Securities will make the following change in the S&P/CITIC 300 Index effective after the close of trading Friday August 19th, 2005.
  • Chengde Xinxin Vanadium & Titanium Co.,Ltd. (China, Exchange Ticker: SH600357, SEDOL: 6543651, GICS Code: 15104050), a member of the S&P/CITIC 300 Index, will increase its free float shares from 200,000,000 to 214,000,000. This change is due to the lifting of trade restrictions on the shares being added. The free float will be revised to 0.2813 from 0.2629 to reflect the most recent share holding structure.
Following is a summary of the announced changes.

S&P/CITIC 300 – August 19, 2005 after market close
Index Company Name New Index Shares New FF
S&P/CITIC 300 Chengde Xinxin Vanadium & Titanium Co.,Ltd 214,000,000 0.2813

About Standard & Poor's

Standard & Poor's is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. With approximately 6,700 employees located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.

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