Service Fee Management Policy Deutsche Bank (China) Co. Ltd

Transcription

1 Service Fee Management Policy Deutsche Bank (China) Co. Ltd The information contained herein is the property of Deutsche Bank Group and may not be copied, used or disclosed in whole or in part, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, reprographic, recording or otherwise) outside of Deutsche Bank Group without prior written permission.

2 Deutsche Bank Document Title: 服务价格管理政策 English Title: Service Fee Management Policy Classification: Level 3 Version: 1.0 Original Issue Date: 2012 Owner: GM / GTB / CBC / PBC / PWM / LEMG Policy Producing Function: CM Document Issuer: CM Document Approver: China ExCo Document Contact: CM Geographic Applicability: China Functional Applicability: All functions of Deutsche Bank (China) Co., Ltd. Last Review Date: 1 April 2012 Next Review Date: 1 April 2013 Language: Chinese Translation: Yes Legal or Regulatory Requirement: Yes Service Fee Management Policy Deutsche Bank (China) Co. Ltd

3 Deutsche Bank Table of Contents 1.General Provisions 4 2.Definition and Principles 4 3.Complaint Handling 6 4.Review, Approval and Reporting 6 Appendix: Loans Pricing and Service Fees of Businesses of DB China 6 Service Fee Management Policy Deutsche Bank (China) Co. Ltd

4 Deutsche Bank Service Fee Management Policy Deutsche Bank (China) Co Ltd 1. General Provisions 1.1 In order to strictly follow state laws and regulations, rules and relevant policies, provide better service to clients, and improve financial service level, Deutsche Bank (China) Co., Ltd ( DB China ) hereby formulates DB China service fee policy in light of relevant requirements of banking regulatory authority, PBoC and state price regulatory authority. 1.2 All branches and staff of DB China within the territory of P.R.C. China (excluding Hong Kong, Macau and Taiwan) shall abide by the Service Fee Policy ( the Policy ). 1.3 The Policy is a fundamental document for DB China to formulate service fee standards, and an integral part of DB China management system. 1.4 Service fee collection standards of DB China implement government guided price, government pricing and market regulated price respectively in accordance with relevant requirement of laws and regulations, nature, characteristic and market completion of bank services. 2. Definition and Principles 2.1 Definition 2.1.1Comercial Bank Services herein refer to all types of services that bank provides to financial consumers. Service Price herein refers to fees that bank collects when providing services For bank service items and standards that apply government pricing and government guided price, their benchmark price and floating range shall abide by relevant requirements of state laws and regulations Basic commercial bank service prices that implement government guided price include: (i) RMB basic settlement price, such as bank draft, bank acceptance draft, promissory note, cheque, remittance, entrusted fees collection service and collection with acceptance (ii) Commercial bank service price that price administrative authority and banking regulatory authority of the State Council and PBoC formulate and adjust based on the impact of commercial bank service costs and prices on individuals, enterprises and institutions as well as market competition Other services provided by DB China other than those mentioned above shall implement market adjusted price. Service price that implement market regulated price shall be formulated and adjusted by DB China; and branches shall not violate provisions of HQ, or formulate or adjust service price at Service Fee Management Policy Deutsche Bank (China) Co. Ltd

5 Deutsche Bank their discretion. For branches that need to implement different service price from HQ due to significant geographical differences, approval shall be obtained from HQ When formulating and adjusting market adjusted price, the bank shall follow below procedures: (i) BU proposes pricing strategy and principles for formulating relevant service prices; (ii) BU measures service costs for relevant service items; (iii) BU submits price suggestion to DB China ExCo for approval; (iv) BU formulates unified business introduction and publicity materials; (v) BU reports as per relevant provisions; (vi) BU makes it public in relevant premises. 2.2 Principles Service price behaviour of the bank shall strictly follow state laws and regulations, rules and relevant policies, and abide by the principle of openness, integrity and credibility The bank shall strictly follow provisions and business processes of credit management, conduct loans pricing according to state interest rate administrative rules, and abide by the following provisions: (i.) (ii.) (iii.) (iv.) (v.) (vi.) (vii.) Cannot transfer loans as deposits. Banks shall stick to the principle of entrusted payment, pay the counterparty of borrower directly in full amount, and shall not set terms or negotiate on transferring some loans as deposits. Cannot link deposits to loans. Loan business and deposit business of banking institutions shall be strictly separated, and deposits shall not be used as prerequisite of approving and granting loans. Cannot collect fees for granting loans. Banking institutions shall not ask clients to accept unreasonable intermediary business or other financial services and collect fees when granting loans or providing financing in other ways. Cannot collect interests as fees. Banking institutions shall abide by the principle of separating fees and interests, strictly divide up interest collection business and fees collection business, and shall not collect interests as fees or indirectly raise interest rates. Cannot sell when granting loans. Banking institutions shall not sell financial products of wealth management, insurance and funds, etc when granting loans or providing financing in other means. Cannot float to the top. Loan pricing of banking institutions shall fully reflect capital costs, risk costs and management costs, and loan interest rate shall not be adjusted to the upper limit generally. Cannot transfer costs. Banking institutions shall bear relevant costs for due diligence and pledge appraisal, etc in loans and other businesses, and shall not transfer operation costs in form of fees to clients The bank shall strictly follow state policies and rules on financial service fees collection, and the following principles: (i.) Compliance in fees collection. Service fees collection shall be reasonable and in compliance with the principle of unified pricing and catalogue management. Service Fee Management Policy Deutsche Bank (China) Co. Ltd

6 Deutsche Bank (ii.) (iii.) (iv.) Implement quality pricing. The principle of quality equals price shall be abided by in fees collection. Fees shall not be collected if no substantial service, benefits, products or services are provided to clients. Transparency. The principle of transparency shall be abided by in service price. Price labels shall be used for each service. Banks shall carry out the obligation to inform clients the service content, method, function, result and corresponding fees collection standard. Reduction in fees collection. DB China shall apply fees reduction in line with state regulations. 3. Complaint Handling 3.1 Complaints for service fees of businesses shall be handled in compliance with requirements of relevant laws and regulations, complaint handling policies and processes of DB China. 4. Review, Approval and Reporting 4.1 DB China shall formulate service fees in line with relevant laws, regulations and the Policy, and review the service fee on annual basis. 4.2 Draft of revised service fee is subject to the approval of DB China ExCo, or cosigned off by DB China President and COO with DB China ExCo s authorization. 4.3 The approved service fee shall be reported to banking regulatory authority, PBoC and price regulatory authority. 4.4 After submitting the report mentioned in 4.3, DB China shall make the service fee public in business area to keep clients informed. Appendix: Loans Pricing and Service Fees of Businesses of DB China Appendix 1: Loans Pricing of DB China Appendix 2: Service Fees of Businesses of DB China Service Fee Management Policy Deutsche Bank (China) Co. Ltd

7 Deutsche Bank Appendix 1: Loans Pricing of DB China Overarching Loan Pricing Principles Governing FX and RMB Loans as per related regulations in China: FX loan interest rates are at the Bank s discretion to decide based on interest rate changes in the international financial market, funding cost, risk discrepancies and so on RMB loan interest rates are mainly market-driven where the bottom line is set at no less than 90% of the PBOC RMB loan rate benchmark without cap. The guiding principles specific to each business are described as below, considering the discrepancy in clients and products by business segmentation in line with local regulatory requirements: GTB/PWM Pricing principle: The price shall be made in accordance with laws and regulations and in line with market interest rate level and financing costs of the bank; it shall be competitive and meet the demand of clients. Trade Finance Pricing (GTB): - Basis: Relevant laws and regulations - Principle: 1) interest rate in accordance with laws and regulations 2) the cost of the fund 3) prevailing rate in the market 4) customer's requirement 5) customer's credit rating GM Pricing principle: Structured loan rate is priced in line with cost of fund of the bank, and strictly comply with laws and regulations. The structure and price are competitive and meeting the demand of clients. PBC DB China PBC has stopped developing any new mortgage business since second half of 2008, and currently there are still some outstanding mortgage balances in JPY, HKD, USD and EUR. Mortgage pricing is mainly based on the risk factors and market environment, and will be subject to necessary adjustment as a result of changing funding cost of respective mortgage currencies. LEMG & CBC LEMG s assessment of the loan pricing is an internal hurdle rate specific for the tenor/product/client. Based on the LEMG internal hurdle rate and taking into account aspects like the business case, overall client relationship, market situation at the specific time of loan and Service Fee Management Policy Deutsche Bank (China) Co. Ltd

8 Deutsche Bank possible cross-sell opportunities etc., the final pricing is determined and offered to the client by CBC Relationship Manager, after adding a suitable and reasonable profit element to the price. Occasionally when the LEMG hurdle rate cannot be achieved, the shortfall between Client rate and hurdle rate is paid to LEMG as a subsidy from the Product Sponsors of the loan i.e. the cross-sell beneficiaries of the client relationship. Service Fee Management Policy Deutsche Bank (China) Co. Ltd

9 Deutsche Bank Appendix 2: Service Fees of Businesses of DB China Service Fee Management Policy Deutsche Bank (China) Co. Ltd

10 Deutsche Bank (China) Co., Ltd Private Wealth Management - Pricing Schedule Ref No. 1.1 Charging Item DOMESTIC FUND TRANSFER (Transaction Fee) To DB China Other Account RMB (Bank Internal Fund Transfer System IDMS) Intra-city - within same bank (Individual Account Only) RMB (CNAPS) 0.002% (min RMB 5, max RMB 200) Government Guided Price: RMB 0-5 (<=RMB 10,000) subject to Notice of the National Development and Reform RMB 0-10 (RMB 10,000 ~ 100,000) Commission and the People's Bank of China RMB 0-15 (RMB 100,000 ~ 500,000) RMB 0-20 (RMB 500,000 ~ 1,000,000) Above 1,000,000 charge 0.002% FCY (T/T) Intra-city Market-adjusted Price: Apply for PWM client formulated by DB China Inter-city equiv.usd 30 (subject to operation and management cost) To Account Opened with Other Banks RMB (CNAPS) 0.002% (min RMB 5, max RMB 200) RMB 0-5 (<=RMB 10,000) Government Guided Price: subject to Notice of the National Development and Reform RMB 0-10 (RMB 10,000 ~ 100,000) Commission and the People's Bank of China RMB 0-15 (RMB 100,000 ~ 500,000) RMB 0-20 (RMB 500,000 ~ 1,000,000) Above 1,000,000 charge 0.002% FCY (Remittance Only) T/T Intra-city Market-adjusted Price: Apply for PWM client formulated by DB China Inter-city equiv.usd 30 (subject to operation and management cost) REMITTANCE OVERSEAS (Transaction Fee) Inward Remittance T/T Outward Remittance T/T Remittance Out equiv. USD Amend/Inquiry equiv. USD 20 Market-adjusted Price: Cancel of T/T Apply for PWM client formulated by DB China (subject to operation and management cost) USD A/C USD Other A/C EUR 25/equiv FCY Cash Remittance 0.5% Intra-city - with same bank (Corporate Account) Inter-city / Intra-city - with different banks (Individual, Corporate Account) Intra-city / Inter-city (Individual, Corporate Account) Check Collection from overseas In first year Charging Standard 0.1% (Min. equiv. USD 10, Max equiv. USD 60) 2.4 Loan customers ACCOUNT MANAGEMENT FEE RMB / FCY ENTRUSTED LOAN AUM below USD 1 mio or equiv. after 1 year Dormant Account Maintenance Fee (No movement within 12 months) Charges Rationale RMB 5,000 or equiv. Market-adjusted Price: Apply for PWM client formulated by DB China RMB 80 or equiv. (subject to operation and management cost) Bank Commission 0-5% p.a. on outstanding Entrusted loan amount Market-adjusted Price: Apply for PWM client formulated by DB China (subject to market practise, client credit rating and credit tenor) Set-up Fee (one-off) RMB 0-50,000 SBLC/BG Issuance SBLC/BG (Amendment) SBLC/BG (Issuance and Amendment Fee) Increase of SBLC/BG Amount Extension of SBLC/BG Validity Other Amendment Subject to the customer credit rating and tenor of the risk to take, with min. EUR 150/equiv. (if no legal wording review), or with min. EUR 300/equiv. (if there is legal wording review), max 2% p.a. Market-adjusted Price: The same rate as charged for SBLC/BG Issuance for the Apply for PWM client formulated by DB China increased amount with min.eur 150/equiv. (subject to market practise, client credit rating and credit tenor) The same rate as charged for SBLC/BG Issuance for the extended validity with min. EUR 150/equiv., max 2% p.a. EUR 150/equiv.(if no legal wording review); EUR 300/equiv. (if there is legal wording review) Notes: 1. The Bank reserves the right to charge early withdrawal of Time Deposit. 2. The above Pricing Schedule except those regulated by government is subject to review and adjusts by Deutsche Bank. 3. Any services or transaction type not mentioned above should be subject to Deutsche Bank s pricing conditions without violating compulsory regulations. (e. g, the minimum RMB loan interest rate). 4. Updated as of May 1, Deutsche Bank (China) Co., Ltd. Private Wealth Management

11 Tariff for Private Banking Basic Account Summary: Deutsche Bank (China) Co., Ltd.("The Bank") Private Banking provides three types of accounts services to private customers from 10 August, They are Basic Account, Dedicated Account and VIP Account service. Basic Account applies to client accounts which total daily account balance falls below CNY 500,000 equivalent in a calendar month; Dedicated Account applies to client accounts which total daily account balance comes to CNY 500,000 equivalent or above in a calendar month, but less than CNY 3,000,000 equivalent, lending client account with loan outstanding could also enjoy dedicated Account service;vip Account applies to client accounts of which total daily account balance not less than CNY 3,000,000 equivalent in a calendar month. The bank will review and adjust customer account type regularly. For account type upgrading, the bank will adjust it in next business day according to last business day's all accounts balance;for account type downgrading,the bank will adjust it at early next month according to daily balance of all accounts in last working day of last month. Customer could enjoy different tariff according to his/her own account type, and the details please refer to attached corresponding tariff. Ref No. Services Tariff Charges Rationale 1 General Account Service (First 3 months) 1.1 Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC CNY 200 equivalent For daily average balance below CNY 500,000 equivalent after the first 3 months upon account opening Intra-city Domestic Fund Transfer Account Maintenance To an account opened with any sub-branch of Deutsche Bank (China) Co., Ltd.("The Bank") CNY Inter-city (CNAPS) Intra-city CNY 5 (Transaction amount below CNY 10,000(inclusive)) CNY 10 (CNY 10,000-CNY 100,000(inclusive)) CNY 15(CNY 100,000-CNY 500,000(inclusive)) CNY 20 (CNY 500,000-CNY 1,000,000(inclusive)) 0.002% of the transaction amount,max CNY 200(Above CNY 1,000,000) Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China Foreign Currency Inter-city 0.1% of the transaction amount(min CNY 50, max CNY 300),plus cable charge of CNY 120 1% of the transaction amount will be charged by the Bank for foreign currency "cash" transferred to "remittance" Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC 2.2 To an account opened with any other bank Intra-city (local Clearing) CNY 5(Transaction amount below CNY 10,000(inclusive)) CNY Intra-city/Inter-city CNAPS (China National Advanced Payment System) CNY 10(CNY 10,000-CNY 100,000(inclusive)) CNY 15(CNY 100,000-CNY 500,000(inclusive)) CNY 20(CNY 500,000-CNY 1,000,000(inclusive)) Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China % of the transaction amount,max CNY 200(Above CNY 1,000,000) Intra-city (local Clearing) 0.1% of the transaction amount (min CNY 50, max CNY 300)

12 2.2.8 Foreign Currency Intra-city (T/T) 0.1% of the transaction amount(min CNY 50, max CNY 300),plus cable charge of CNY 120 1% of the transaction amount will be charged by the Bank for foreign currency "cash" transferred to "remittance" Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Inward Fund Transfer Overseas Remittances Inward Remittance-T/T 3.1 Inter-city (T/T) 0.1% of the transaction amount(min CNY 50, max CNY 300),plus cable charge of CNY 120 1% of the transaction amount will be charged by the Bank for foreign currency "cash" transferred to "remittance" Corresponding bank charge will be burdened by clients 2 Corresponding bank charge will be burdened by clients Outward Remittance-T/T Outward Remittance-Amend/Enquiry/Cancellation of T/T 3.4 Outward Remittance-Postscript for T/T Cash Deposit Check Collection from Overseas CNY Foreign Currency CNY Cash Services Cash Withdraw Other Services Other Account Services Foreign Currency Bank Reference Letter Certification of Deposit Statement Copy Enquiry Bank document fax 0.1% of the transaction amount(min CNY 50, max CNY 300),plus cable charge of CNY 120 1% of the transaction amount will be charged by the Bank for foreign currency "cash" transferred to "remittance" CNY % of the transaction amount (min CNY 50, max CNY 400) 0.3% Minimum charge is RMB 40 equivalent Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC 5.2 Postage (Each 0.5kg) 4 CNY 50 Mainland China Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Express (EMS) CNY 200 CNY 200 Within 12 months(inclusive) CNY 100 per copy 12 months ago

13 5.2.2 Other Areas/Countries Hong Kong / Macau / Japan /South S.E. Asia and S. Pacific / Korea / NY/W. Europe / Canada / U.S.A S. Asia / Cand S. America / Middle East / Africa / CLS / E. Europe / Others CNY 500 Express (DHL) CNY 600 Express (DHL) Market Regulation Price: Deutsche Bank (China) Pricing Applied to PBC Remarks: 1.(1)After three months since the account opening, Deutsche Bank (China) Co., Ltd.will charge the above account maintenance fee monthly if the daily balance of all accounts of the customer in a calendar month is less than the amount required by "The Bank". (2) Monthly account maintenance fee will be waived for lending clients with loan outstanding in the account. 2.Any charges levied by other bank on the foreign currency inwoard transfer shall be borne by the customer. 3.For USD overseas outward remittance, (1) If customer chooses "OUR" as payment method, besides collecting remittance fees in this tariff, Deutsche Bank (China) Co., Ltd.will collect USD 3.50 (if remittance amount is below USD 1 billion) or USD 3.95 (if remittance amount is equal to or above USD 1 billion) on behalf of Deutsche Bank's clearing bank in U.S.A. (2) If customer chooses "OUR" as payment method and with remarks of "/OUROUR/", that is, filling in "OUR" and "/OUROUR/" as payment method in remittance application form, besides collecting remittance fees in this tariff, Deutsche Bank (China) Co., Ltd.will collect USD on behalf of Deutsche Bank's clearing bank in U.S.A. In this case, the bank will bear all charges by transferring bank(s) and beneficiary's bank all through the remittance route. Customer will not be charged any more. 4.The postage fee only applies to bank relative document posting. If the actual cost exceeds the amount, the customer shall bear the actual cost. Tariff for Private Banking Dedicated Account Summary: Deutsche Bank (China) Co., Ltd.("The Bank") Private Banking provides three types of accounts services to private customers from 10 August, They are Basic Account, Dedicated Account and VIP Account service. Basic Account applies to client accounts which total daily account balance falls below CNY 500,000 equivalent in a calendar month; Dedicated Account applies to client accounts which total daily account balance comes to CNY 500,000 equivalent or above in a calendar month, but less than CNY 3,000,000 equivalent, lending client account with loan outstanding could also enjoy dedicated Account service;vip Account applies to client accounts of which total daily account balance not less than CNY 3,000,000 equivalent in a calendar month. The bank will review and adjust customer account type regularly. For account type upgrading, the bank will adjust it in next business day according to last business day's all accounts balance;for account type downgrading,the bank will adjust it at early next month according to daily balance of all accounts in last working day of last month. Customer could enjoy different tariff according to his/her own account type, and the details please refer to attached corresponding tariff. Ref No. Services Tariff Charges Rationale 1 General Account Service Domestic Fund Transfer Account Maintenance To an account opened with any sub-branch of Deutsche Bank (China) Co., Ltd.("The Bank") Intra-city CNY (First 3 months) CNY 200 equivalent For daily average balance below CNY 500,000 equivalent after the first 3 months upon account opening 1 Inter-city (CNAPS) CNY 5 (Transaction amount below CNY 10,000(inclusive)) CNY 10 (CNY 10,000-CNY 100,000(inclusive)) CNY 15 (CNY 100,000-CNY 500,000(inclusive)) CNY 20 (CNY 500,000-CNY 1,000,000(inclusive)) Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China Intra-city 0.002% of the transaction amount,max CNY 200(Above CNY 1,000,000) Foreign Currency Inter-city 0.05% of the transaction amount(min CNY 50, max CNY 300),plus cable charge of CNY 120 Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC 0.5% of the transaction amount will be charged by the Bank for foreign currency "cash" transferred to "remittance"

14 To an account opened with any other bank Intra-city (local Clearing) CNY 5(Transaction amount below CNY 10,000(inclusive)) CNY Intra-city/Inter-city CNAPS (China National Advanced Payment System) CNY 10 (CNY 10,000-CNY 100,000(inclusive)) CNY 15 (CNY 100,000-CNY 500,000(inclusive)) Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China CNY 20 (CNY 500,000-CNY 1,000,000(inclusive)) % of the transaction amount,max CNY 200(Above CNY 1,000,000) Intra-city (local Clearing) 0.05% of the transaction amount(min CNY 50, max CNY 300) Foreign Currency Intra-city (T/T) 0.05% of the transaction amount(min CNY 50, max CNY 300),plus cable charge of CNY % of the transaction amount will be charged by the Bank for foreign currency "cash" transferred to "remittance" Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Inward Fund Transfer Inter-city (T/T) 0.05% of the transaction amount(min CNY 50, max CNY 300),plus cable charge of CNY % of the transaction amount will be charged by the Bank for foreign currency "cash" transferred to "remittance" Corresponding bank charge will be burdened by clients 2 3 Overseas Remittances 3.1 Inward Remittance-T/T Corresponding bank charge will be burdened by clients 2 Outward Remittance-T/T Outward Remittance-Amend/Enquiry/Cancellation of T/T 3.4 Outward Remittance-Postscript for T/T 3.5 Check Collection from Overseas 4 Cash Services 4.1 Cash Deposit CNY Foreign Currency 4.2 Cash Withdraw CNY Foreign Currency 0.05% of the transaction amount(min CNY 50, max CNY 300),plus cable charge of CNY % of the transaction amount will be charged by the Bank for foreign currency "cash" transferred to "remittance" CNY % of the transaction amount (min CNY 50, max CNY 400) Market Regulation Price: Deutsche Bank (China) Pricing Applied to PBC Market Regulation Price: Deutsche Bank (China)Pricing Applied to PBC Market Regulation Price: Deutsche Bank (China)Pricing Applied to PBC

15 Bank Reference Letter Certification of Deposit Enquiry Fax Other Services Other Account Services Postage (Each 0.5kg) 4 Other Areas/Countries Statement Copy Mainland China Hong Kong / Macau / Japan /South S.E. Asia and S. Pacific / Korea / NY/W. Europe / Canada / U.S.A S. Asia / Cand S. America / Middle East / Africa / CLS / E. Europe / Others CNY 100 CNY 100 Within 12 months(inclusive) CNY 50 per copy 12 months ago CNY 35 Express (EMS) CNY 350 Express (DHL) CNY 500 Express (DHL) Market Regulation Price: Deutsche Bank (China)Pricing Applied to PBC Market Regulation Price: Deutsche Bank (China)Pricing Applied to PBC Market Regulation Price: Deutsche Bank (China)Pricing Applied to PBC Remarks: 1.(1)After three months since the account opening, Deutsche Bank (China) Co., Ltd.will charge the above account maintenance fee monthly if the daily balance of all accounts of the customer in a calendar month is less than the amount required by "The Bank". (2) Monthly account maintenance fee will be waived for lending clients with loan outstanding in the account. 2.Any charges levied by other bank on the foreign currency inwoard transfer shall be borne by the customer. 3.For USD overseas outward remittance, (1) If customer chooses "OUR" as payment method, besides collecting remittance fees in this tariff, Deutsche Bank (China) Co., Ltd.will collect USD 3.50 (if remittance amount is below USD 1 billion) or USD 3.95 (if remittance amount is equal to or above USD 1 billion) on behalf of Deutsche Bank's clearing bank in U.S.A. (2) If customer chooses "OUR" as payment method and with remarks of "/OUROUR/", that is, filling in "OUR" and "/OUROUR/" as payment method in remittance application form, besides collecting remittance fees in this tariff, Deutsche Bank (China) Co., Ltd.will collect USD on behalf of Deutsche Bank's clearing bank in U.S.A. In this case, the bank will bear all charges by transferring bank(s) and beneficiary's bank all through the remittance route. Customer will not be charged any more. 4.The postage fee only applies to bank relative document posting. If the actual cost exceeds the amount, the customer shall bear the actual cost. Tariff for Private Banking VIP Account Summary: Deutsche Bank (China) Co., Ltd.("The Bank") Private Banking provides three types of accounts services to private customers from 10 August, They are Basic Account, Dedicated Account and VIP Account service. Basic Account applies to client accounts which total daily account balance falls below CNY 500,000 equivalent in a calendar month; Dedicated Account applies to client accounts which total daily account balance comes to CNY 500,000 equivalent or above in a calendar month, but less than CNY 3,000,000 equivalent, lending client account with loan outstanding could also enjoy dedicated Account service;vip Account applies to client accounts of which total daily account balance not less than CNY 3,000,000 equivalent in a calendar month. The bank will review and adjust customer account type regularly. For account type upgrading, the bank will adjust it in next business day according to last business day's all accounts balance;for account type downgrading,the bank will adjust it at early next month according to daily balance of all accounts in last working day of last month. Customer could enjoy different tariff according to his/her own account type, and the details please refer to attached corresponding tariff. Ref No. Services Tariff Charges Rationale 1 General Account Service

16 1.1 (First 3 months) Domestic Fund Transfer Account Maintenance To an account opened with any sub-branch of Deutsche Bank (China) Co., Ltd.("The Bank") Intra-city CNY 200 equivalent For daily average balance below CNY 500,000 equivalent after the first 3 months upon account opening 1 Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC CNY Inter-city (CNAPS) Intra-city CNY 5 (Transaction amount below CNY 10,000(inclusive) CNY 10 (CNY 10,000-CNY 100,000(inclusive)) CNY 15 (CNY 100,000-CNY 500,000(inclusive)) CNY 20 (CNY 500,000-CNY 1,000,000(inclusive)) 0.002% of the transaction amount,max CNY 200 Above CNY 1,000,000 Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China Foreign Currency Inter-city 0.025% of the transaction amount(min CNY 25, max CNY 150),plus cable charge of CNY % of the transaction amount will be charged by the Bank for foreign currency "cash" transferred to "remittance" Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC To an account opened with any other bank CNY Foreign Currency Inward Fund Transfer Intra-city (local Clearing) Intra-city/Inter-city CNAPS (China National Advanced Payment System) Intra-city (local Clearing) Intra-city (T/T) Inter-city (T/T) CNY 5 (Transaction amount below CNY 10,000(inclusive)) CNY 10 (CNY 10,000-CNY 100,000(inclusive)) CNY 15 (CNY 100,000-CNY 500,000(inclusive)) CNY 20 (CNY 500,000-CNY 1,000,000(inclusive)) 0.002% of the transaction amount,max CNY 200 Above CNY 1,000, % of the transaction amount (min CNY 25, max CNY 150) 0.025% of the transaction amount(min CNY 25, max CNY 150),plus cable charge of CNY % of the transaction amount will be charged by the Bank for foreign currency "cash" transferred 0.025% of the transaction amount(min CNY 25, max CNY 150),plus cable charge of CNY % of the transaction amount will be charged by the Bank for foreign currency "cash" transferred Corresponding bank charge will be burdened by clients 2 Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC

17 3 Overseas Remittances Inward Remittance-T/T Outward Remittance-T/T Outward Remittance-Amend/Enquiry/Cancellation of T/T 3.4 Outward Remittance-Postscript for T/T 3.5 Check Collection from Overseas CNY Foreign Currency CNY Foreign Currency Bank Reference Letter Certification of Deposit Enquiry Bank document fax Cash Services Cash Deposit Cash Withdraw Other Services Other Account Services Postage (Each 0.5kg) 4 Other Areas/Countries Statement Copy Mainland China Hong Kong / Macau / Japan /South S.E. Asia and S. Pacific / Korea / NY/W. Europe / Canada / U.S.A S. Asia / Cand S. America / Middle East / Africa / CLS / E. Europe / Others Corresponding bank charge will be burdened by clients % of the transaction amount(min CNY 25, max CNY 150),plus cable charge of CNY % of the transaction amount will be charged by the Bank for foreign currency "cash" transferred to "remittance" CNY % of the transaction amount(min CNY 50, max CNY 400) Within 12 months(inclusive) CNY 25 per copy 12 months ago CNY 35 Express (EMS) CNY 350 Express (DHL) CNY 500 Express (DHL) Market Regulation Price: Deutsche Bank (China)Pricing Applied to PBC Market Regulation Price: Deutsche Bank (China)Pricing Applied to PBC Market Regulation Price: Deutsche Bank (China)Pricing Applied to PBC Market Regulation Price: Deutsche Bank (China)Pricing Applied to PBC Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Remarks: 1.(1)After three months since the account opening, Deutsche Bank (China) Co., Ltd.will charge the above account maintenance fee monthly if the daily balance of all accounts of the customer in a calendar month is less than the amount required by "The Bank". (2) Monthly account maintenance fee will be waived for lending clients with loan outstanding in the account. 2.Any charges levied by other bank on the foreign currency inwoard transfer shall be borne by the customer. 3.For USD overseas outward remittance, (1) If customer chooses "OUR" as payment method, besides collecting remittance fees in this tariff, Deutsche Bank (China) Co., Ltd.will collect USD 3.50 (if remittance amount is below USD 1 billion) or USD 3.95 (if remittance amount is equal to or above USD 1 billion) on behalf of Deutsche Bank's clearing bank in U.S.A. (2) If customer chooses "OUR" as payment method and with remarks of "/OUROUR/", that is, filling in "OUR" and "/OUROUR/" as payment method in remittance application form, besides collecting remittance fees in this tariff, Deutsche Bank (China) Co., Ltd.will collect USD on behalf of Deutsche Bank's clearing bank in U.S.A. In this case, the bank will bear all charges by transferring bank(s) and beneficiary's bank all through the remittance route. Customer will not be charged any more. 4.The postage fee only applies to bank relative document posting. If the actual cost exceeds the amount, the customer shall bear the actual cost.

18 Notes: 1. This tariff is respectively applied to Basic Account of the bank please find definition of Basic Account in the summary), which refers to client accounts with total daily balance falling below CNY 500,000 equivalent in a calendar month.dedicated Account of the bank (definition of Dedicated Account please find in the summary), which refers to client accounts with total daily balance coming to CNY 500,000 equivalent or above in a calendar month,but less than CNY 3,000,000 equivalent.vip Account of the bank (definition of VIP Account please find in the summary), which refers to client accounts with total daily balance coming to CNY 3,000,000 equivalent or above in a calendar month. 2.All charges are in CNY and will be made in CNY or in equivalent convertible foreign currency. 3.For any service or transaction type not mentioned in the above schedule, please refer to the announcement or interpretation made by The Bank from time to time. 4.Types of services and specifications may vary locally, please refer to Relationship Manager for details. 5. The English and Chinese version of the tariff have the same validity. In case of unclarity the Chinese version prevails. 6. Updated as of May 1, Deutsche Bank (China) Co., Ltd.reserves the final interpretation right. DB Standard Tariff for Business Banking Applicable to Deutsche Bank(China) Co.Ltd. Private and Business Clients Business Banking Clients Ref No. Services Tariff Charges Rationale 1 General Account Service Monthly account maintenance fee Inward remittance under wire transfer (TT) Payment FCY Inward Remittance Payment through Deutsche Bank(China) Co. Ltd. as third party FCY Outward Remittance Bank Draft Issuance Payment under Local Transfer (intra-city) Book/house transfer both for intra-city and inter-cities payment Overseas payment under wire transfer (TT) 2 Clean Cheques / Drafts Amendment / Cancellation Instruction FCY overseas collection commission Return Cheque Commission USD 50, EUR 40,JPY 6030,HKD 395 Monthly average balance below USD 10,000 ;EUR 8,000; JPY 1,206,000; HKD 79,000 1 USD 5 equivalent USD 20 equivalent Minimum excluding cable fee 0.125% In the between USD 125 equivalent Maximum excluding cable fee USD 15 equivalent Minimum excluding cable fee 0.150% In the between USD 125 equivalent Maximum excluding cable fee 0.250% Minimum USD30 equivalent USD 30 equivalent waive USD 20 equivalent USD 50 equivalent Minimum excluding postage fee 0.125% In the between USD 225 equivalent Maximum excluding postage fee USD 15 equivalent

19 Cable (Telex / SWIFT) 2.4 All countries or areas CNY Payment 2.5 Outward Payment under wire transfer (T/T) USD 25 equivalent CNY5 (For CNY10,000 or less) CNY10 (For CNY100,000 or less) CNY15 (For CNY500,000 or less) Remittance Charge (CNAPS tariff apply for inter-cities book transfer.) CNY20 (For CNY1,000,000 or less) Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China Handling Fee voucher Cost Corporate Cheque Voucher Cost Handling Fee per voucher Giro voucher Cost Handling Fee Bank Draft Issuance Fee Others Cancellation/Amendment of T/T Lost of Corporate Cheque/ Cashier's Order/ Bank Draft Other Services 3.1 Other Account Service Bank Reference Letter issuing Additional Statement 0.002% of the payment amount (Max CNY200) (For CNY10,000,000 or less) CNY200 (For above CNY10,000,000) CNY0.5 CNY1 Not applicable to Electronic Banking users CNY cheques per cheque book CNY1 CNY0.22 CNY1 Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China 0.05%, min.cny7.4 same as T/T remittance charge 0.1%, min.cny5 For Bank Draft, cable charge per actual USD 50 equivalent After a/c operating 3 months USD 25 equivalent per copy

20 Certificate of Balance Audit Report Verification Additional advice/credit advice/debit advice USD 25 equivalent per copy USD 40 equivalent per copy USD 10 equivalent for within 3months USD 20 equivalent for 3m before per copy FAX service USD 10 equivalent (Fax inland China within 5 pages) USD 20 equivalent (Fax to other places within 2 pages) USD 5 equivalent (Charge per page over above specific pages) Postage (EMS or registered airmail - inland, DHL - International) Inland China - Intracity Inland China - Intercity Hong Kong, Macau, Japan, S.Korea S.E. Asia, S. Pacific W.Europe, North America South and Central America, Other Asia and Pacific Area Eastern Europe, Middle East, Africa & all other countries USD 5 equivalent USD 10 equivalent USD 15 equivalent USD 20 equivalent USD 25 equivalent USD 30 equivalent USD 35 equivalent USD 50 equivalent Remark: 1,Monthly account maintenance fee collection rule: (1)Deutsche Bank(China)Co. Ltd.will charge monthly account maintenance fee as above standard if monthly balance can't meet specific requirement (2)Monthly account maintenance fee will be waived for account opening and closure month (3)Monthly account maintenance fee will be waived for CNY account currently 2.For USD overseas outward remittance, (1) If customer chooses OUR as payment method, besides collecting remittance fees as provided in this Pricing Schedule, Deutsche Bank (China) Co., Ltd. will collect from the Customer USD3.50 (if remittance amount is below USD 1 billion) or USD3.95 (if remittance amount is equal to or above USD 1 billion) on behalf of the Bank s clearing bank in USA. (2) If customer chooses OUR as payment method and with remarks of /OUROUR/, that is, filling in OUR and /OUROUR/ as payment method in remittance application form, besides collecting remittance fees as provided in this Pricing Schedule, Deutsche Bank (China) Co., Ltd. will collect from the Customer USD25.00 on behalf of the Bank s clearing bank in USA. In this case, all charges imposed by transferring bank(s) and beneficiary s bank all through the remittance route will be born by the Bank instead of the Customer. DB CommercePlus Service Tariff Applicable to Deutsche Bank(China) Co.Ltd. Private and Business Clients DB CommercePlus Clients Ref No. Services Tariff Charges Rationale 1 General Account Service Monthly relationship maintenance fee 1.1 Payment 2 FCY Inward Remittance 2.1 Inward remittance under wire transfer (TT) RMB 500 All the client's deposit accounts balance is less than RMB 1 600K, or quarterly trade volume less than EUR 400K waive

21 Bank Draft Issuance Payment under Local Transfer (intra-city) Book/house transfer both for intra-city and inter-cities payment Amendment / Cancellation Instruction FCY overseas collection commission Return Cheque Commission All countries or areas Payment through Deutsche Bank(China) Co. Ltd. as third party FCY Outward Remittance Overseas payment under wire transfer (TT) 2 Clean Cheques / Drafts Cable (Telex / SWIFT) CNY Payment Outward Payment under wire transfer (T/T) Handling Fee Corporate Cheque voucher Cost Voucher Cost Handling Fee per voucher Giro Remittance Charge (CNAPS tariff apply for inter-cities book transfer.) USD 20 equivalent Minimum excluding cable fee 0.125% In the between USD 125 equivalent Maximum excluding cable fee USD 7 equivalent Minimum excluding cable fee % In the between USD 65 equivalent Maximum excluding cable fee 0.250% Minimum USD30 equivalent USD 15,equivalent waive USD 10 equivalent USD 50 equivalent fee excluding postage fee USD 15 equivalent USD 25 equivalent CNY5 (For CNY10,000 or less) CNY10 (For CNY100,000 or less) CNY15 (For CNY500,000 or less) CNY20 (For CNY1,000,000 or less) 0.002% of the payment amount (Max CNY200) (For CNY10,000,000 or less) CNY200 (For above CNY10,000,000) CNY0.5 CNY1 Not applicable to Electronic Banking users CNY cheques per cheque book CNY1 Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China

22 voucher Cost Handling Fee Bank Draft Issuance Fee Others Cancellation/Amendment of T/T Other Services Lost of Corporate Cheque/ Cashier's Order/ Bank Draft Other Account Services Bank Reference Letter Issuing Additional Statement Certificate of Balance Audit Report Verification Additional advice/credit advice/debit advice FAX service Postage (EMS or registered airmail - inland, DHL - International) Inland China - Intracity Inland China - Intercity Hong Kong, Macau, Japan, S.Korea S.E. Asia, S. Pacific W.Europe, North America South and Central America, Other Asia and Pacific Area Eastern Europe, Middle East, Africa & all other countries CNY0.22 CNY1 Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China 0.05%, min.cny7.4 same as T/T remittance charge 0.1%, min.cny5 For Bank Draft, cable charge per actual USD 30 equivalent After a/c operating 3 months USD 10 equivalent per copy USD 10 equivalent per copy USD 10 equivalent per copy USD 5 equivalent for within 3months USD 10 equivalent for 3m before per copy USD 5 equivalent (Fax inland China within 5 pages) USD 10 equivalent (Fax to other places within 2 pages) USD 3 equivalent (Charge per page over above specific pages) USD 5 equivalent USD 10 equivalent USD 15 equivalent USD 20 equivalent USD 25 equivalent USD 30 equivalent USD 35 equivalent USD 50 equivalent Remark: 1.(1)Deutsche Bank(China)Co. Ltd.will charge the above monthly relationship maintenance fee if the monthly average balance of all clients's deposit accounts are less than the amount required by the bank. (2)Monthly relationship maintenance fee will be waived for the month of account opening and closure. (3)Monthly relationship maintenance fee will be waived for lending clients with loan outstanding in this account. 2.For USD overseas outward remittance, (1) If customer chooses OUR as payment method, besides collecting remittance fees as provided in this Pricing Schedule, Deutsche Bank (China) Co., Ltd. will collect from the Customer USD3.50 (if remittance amount is below USD 1 billion) or USD3.95 (if remittance amount is equal to or above USD 1 billion) on behalf of the Bank s clearing bank in USA. (2) If customer chooses OUR as payment method and with remarks of /OUROUR/, that is, filling in OUR and /OUROUR/ as payment method in remittance application form, besides collecting remittance fees as provided in this Pricing Schedule, Deutsche Bank (China) Co., Ltd. will collect from the Customer USD25.00 on behalf of the Bank s clearing bank in USA. In this case, all charges imposed by transferring bank(s) and beneficiary s bank all through the remittance route will be born by the Bank instead of the Customer.

23 Notes: 1. This schedule of charges is reported to China Banking Regulatory Commission for record. 2. Any services or transaction type not mentioned above should be subject to standard pricing conditions of Deutsche Bank (China) Co., Ltd. 3. CNY will only be charged in the areas with CNY business license. 4. No protest will be made for non-acceptance or non-payment unless otherwise instructed. 5. All correspondent bank's charges, if any are for the account of customer. 6. All postal,telex,facsimile,telephone and out-of-expenses incurred on your behalf are for your account. 7.Types of services and specifications may vary locally. Please refer to Relationship Manager for details. 8. The tariff applies to all currencies as US dollar equivalent except CNY payment; CNYpayment only collects CNY; The actual charge curreny should be subject to bank decision. 9. Updated as of May 1, Deutsche Bank (China) Co., Ltd.reserves the final interpretation right.

24 Deutsche Bank (China ) Co. Ltd/Global Transaction Banking Department-Tariff Ref No. Fees Items Charges Standard 1 Cash Management Services 1.1 Account Services (Foreign Currency Accounts) A. Account Maintenance Account Opening Fee RMB Account Maintenance Fee Monthly Average Balance below USD10,000.- (or equivalent) RMB2000 (monthly charge) Charges Rationale Monthly Average Balance USD10,000.- (or equivalent) or above RMB2000 (monthly charge) Account Audit RMB1000 per account Charges regulated by the market: Fax of Monthly Statement Local RMB50 per statement This tariff is fomulated by the Deutsche Bank Overseas RMB200 per statement China Head office and only applicable to Standing instruction Set-up / Amendment RMB5000 clients of Global Transaction Banking Transaction Fee per actual (Fees are charged per basis on management Alternation of Signature List RMB500 or equivalent and running cost) Dormant Account Charge RMB1000 per account per month or equivalent Monthly Billing Setup Fee RMB2000 per account or equivalent Monthly Maintenance and Support RMB2000 per month per account or equivalent Tailor-made Account Report Additional Advices/Statements Equivalent to RMB1000 per account or RMB2000 per account per month EMS Delivery for Bank Advice/Statement Domestic (weekly delivery) RMB500 per month per account or equivalent Domestic (daily delivery) RMB2000 per month per account or equivalent International RMB1000 per account or equivalent B. Payment International Payment Telegraphic Transfer 0.3% of the payment amount, maximum USD200, plus cable charge of RMB 100 per payment Foreign Currency Draft (USD) Handling: USD50, Postage: at cost Amendment/Cancellation/Enquiry Telegraphic Transfer USD50, plus out of pocket expenses Foreign Currency Draft (USD) USD50, plus out of pocket expenses Cash Withdrawal 1%, Minimum USD C. Collection /Receipt International Receipt Telegraphic Transfer USD Foreign Currency Draft 0.1%, Min. USD20, Max. USD100, plus postage/cable at cost 1.2 Account Services (CNY Accounts) A. Account Maintenance Account Opening Fee RMB Account Maintenance Fee Monthly Average Balance below RMB100,000. RMB 2000 (monthly charge) Monthly Average Balance RMB100,000. or above RMB2000 (monthly charge) Account Audit RMB1000 per account Fax of Monthly Statement Local RMB50 per statement Overseas RMB200 per statement Standing instruction Set-up / Amendment RMB Transaction Fee per actual Cash Service Large Amount Cash Withdrawal 3% of the cash amount Note & Coin Counting 5% of the cash amount Alternation of Signature List RMB Dormant Account Charge RMB1000 per account per month Monthly Billing Setup Fee RMB2000 per account Monthly Maintenance and Support RMB2000 per month per account Tailor-made Account Report 7day call deposit Monthly outstanding balance summary report RMB200 per account or RMB1000 per account per month Over Draft Interest Report RMB200 per account or RMB1000 per account per month