Balance Sheet
February 20 2006
					Unit:USD
				TotaL			P&I			FDD
Items			Notes	2005/2006	2004/2005		2005/2006	2004/2005		2005/2006	2004/2005
Assets
	Cash balance			19,260,743.23	17,439,825.23		19,260,743.23	17,439,825.23
	Guarantee			6,568,012.31	6,946,012.53		6,568,012.31	6,946,012.53
	Calls and premiums receivable			1,912,284.87	2,621,596.08		1,912,284.87	2,617,376.24		-	4,219.84
	Reinsurance recoveries receivable			235,876.86	430,268.21		235,876.86	430,268.21
	Sundry debtors		3	3,876,077.24	1,490,088.55		3,870,443.53	1,490,088.55		5,633.71
	Total current assets			31,852,994.51	28,927,790.60		31,847,360.80	28,923,570.76		5,633.71	4,219.84
	Long-term investments		4	115,041,605.69	112,432,179.93		114,791,509.78	112,208,312.99		250,095.91	223,866.94
	Free-float right resulting from shareholder structure reform		4	16,626,071.25			16,626,071.25
	Total long-term investments			131,667,676.94	112,432,179.93		131,417,581.03	112,208,312.99		250,095.91	223,866.94
	Fixed assets			3,094,252.34	2,851,479.74		3,094,252.34	2,851,479.74
	Less: Accumulated depreciation			423,802.96	350,837.91		423,802.96	350,837.91
	Net fixed assets			2,670,449.38	2,500,641.83		2,670,449.38	2,500,641.83
Total assets		A		166,191,120.83	143,860,612.36		165,935,391.21	143,632,525.58		255,729.62	228,086.78
Liabilities
	Short-term loans			3,851,745.09	3,262,248.54		3,851,745.09	3,262,248.54
	Liabilities provision		8	42,353,681.00	40,131,773.64		42,262,081.00	40,025,556.64		91,600.00	106,217.00
	Sundry creditors		3	2,224,935.74	5,308,024.22		2,224,935.74	5,311,791.61			(3,767.39)
	Guarantee payable			-	-		-	-
Total liabilities		B		48,430,361.83	48,702,046.40		48,338,761.83	48,599,596.79		91,600.00	102,449.61
Reserves		C		117,760,759.00	95,158,565.96		117,596,629.38	95,032,928.79		164,129.62	125,637.17
Total liabilities & reserves		D=B+C		166,191,120.83	143,860,612.36		165,935,391.21	143,632,525.58		255,729.62	228,086.78