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Investor Presentaiton

Strong Financial Position As at 31 March As at 31 March Change 2010 2009 (%) (RMB million) Net cash 3,469.5 4,898.9 -29.2 Available-for-sale 1,618.5 financial assets Held-to-maturity 400.0 570.0 -29.8 investments Current ratio 5.5 10.1 -4.6 Gearing ratio 0 0 Operating cash inflow/ 1,605.2 1,424.4 +12.6 (outflow) Adopted prudent funding and treasury management policies while maintaining a healthy overall financial position: ■ Net cash position of approximately RMB3,469.5 million No outstanding loans and bank borrowings Net cash, available-for-sale financial assets and held-to-maturity investments aggregate RMB5,488.0 million, as compared to RMB5,468.9 million in March 2009 12 12

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