Laws of the People's Republic of China

Official Reply of China Insurance Regulatory Commission on the Establishment of Alliance International Insurance (Beijing) Brokerage Co., Ltd.

Bao Jian Zhong Jie[2006] No.854

Liu Meng, Tan Jianguo, Guangdong Tianyi Aviation Services Co., Ltd.:

The application materials you submitted for the establishment of Alliance International Insurance (Beijing) Brokerage Co., Ltd. have been received. Upon auditing, we hereby give the following reply:

1.

The establishment of Alliance International Insurance (Beijing) Brokerage Co., Ltd. is approved.

2.

The registered capital of the company is RMB 5 million, among which the capital contribution of Liu Meng is 3 million Yuan, whose proportion of capital contribution is 60% and Guangdong Tianyi Aviation Services Co., Ltd. and Tan Jianguo contributes 1 million Yuan respectively, whose proportion of their respective capital contribution is 20%.

3.

The business operating areas of the company are within the administrative jurisdiction of the People's Republic of China (excluding Hong Kong, Macao, and Taiwan).

4.

The domicile of the company is Room 398, Hongdu Sunshine Business Hotel, No.23, Xibahe Xili, Chaoyang District, Beijing.

5.

The company may operate the following businesses:

(1)

Drawing out insurance scheme, choosing insurers, and handling insurance formalities for policy holders;

(2)

Assisting insurants or beneficiaries in claiming for compensation;

(3)

Reinsurance brokerage business;

(4)

Offering consulting services on disaster prevention, loss prevention, or risk assessment, risk management for clients;

(5)

Other businesses upon the approval of China Insurance Regulatory Commission.

6.

Liu Meng's qualification for the posts of board chairman and general manager is approved.

7.

The company may start business only after it handles the relevant formalities of the industrial and commercial registration at the administrative department of industry and commerce with this Official Reply and the Insurance Brokerage Institution Legal Person License issued by China Insurance Regulatory Commission.

8.

The company shall operate under law and carry out the relevant policies of China Insurance Regulatory Commission. The relevant contents thereabout may be available at the website of China Insurance Regulatory Commission.

China Insurance Regulatory Commission

August 7, 2006