Common use of INTERNAL CONTROL PROCEDURES Clause in Contracts

INTERNAL CONTROL PROCEDURES. To secure the Shareholders’ interests, Shandong Finance has given certain undertakings under the New Financial Services Agreement and the Company has adopted certain internal control procedures, pursuant to which: 1. Shandong Finance shall ensure that it is in strict compliance with the requirements of the relevant PRC financial laws and regulations; 2. the monthly report or financial statements of Shandong Finance for each month will be provided to the Group; 3. the Company shall regularly review and obtain the relevant documents such as account books, financial statements and audit reports of Shandong Finance in order to assess the business of Shandong Finance and its financial risk and position; and 4. the Company shall be notified within two business days upon the occurrence of circumstances that may cause harm to the security of the Group’s deposits or on the occurrence of any other circumstances that may jeopardise the security of the Group’s deposits. In the event that the relevant risks cannot be eliminated, the Company shall take relevant actions to withdraw all deposits. The Board considers that the above undertakings given by Shandong Finance and internal control procedures adopted by the Company in respect of the transactions under the New Financial Services Agreement are appropriate and that they will give sufficient assurance to the Shareholders that the transactions under the New Financial Services Agreement will be appropriately monitored by the Company.

INTERNAL CONTROL PROCEDURES. To secure the Shareholdersshareholders’ interests, Shandong Finance has given certain undertakings under the New Financial Services Agreement and the Company has adopted certain internal control procedures, pursuant to which: 1. Shandong Finance shall ensure that it is in strict compliance with the requirements of the relevant PRC financial laws and regulations; 2. the monthly report or financial statements of Shandong Finance for each month will be provided to the Group; 3. the Company shall regularly review and obtain the relevant documents such as account books, financial statements and audit reports of Shandong Finance in order to assess the business of Shandong Finance and its financial risk and position; and 4. the Company shall be notified within two business days upon the occurrence of circumstances that may cause harm to the security of the Group’s deposits or on the occurrence of any other circumstances that may jeopardise the security of the Group’s deposits. In the event that the relevant risks cannot be eliminated, the Company shall take relevant actions to withdraw all deposits. The Board considers that the above undertakings given by Shandong Finance and internal control procedures adopted by the Company in respect of the transactions under the New Financial Services Agreement are appropriate and that they will give sufficient assurance to the Shareholders shareholders that the transactions under the New Financial Services Agreement will be appropriately monitored by the Company.

INTERNAL CONTROL PROCEDURES. To secure the Shareholdersshareholders’ interests, Shandong Finance has given certain undertakings under the New Financial Services Agreement and the Company has adopted certain internal control procedures, pursuant to which: 1. Shandong Finance shall ensure that it is in strict compliance with the requirements of the relevant PRC financial laws and regulations; 2. the monthly report or financial statements of Shandong Finance for each month will be provided to the Group; 3. the Company shall regularly review and obtain the relevant documents such as account books, financial statements and audit reports of Shandong Finance in order to assess the business of Shandong Finance and its financial risk and position; and 4. the Company shall be notified within two business days upon immediately on the occurrence of circumstances that may cause harm to the security of the Group’s deposits or on the occurrence of any other circumstances that may jeopardise the security of the Group’s deposits. In the event that the relevant risks cannot be eliminated, the Company shall take relevant actions to withdraw all deposits. The Board considers that the above undertakings given by Shandong Finance and internal control procedures adopted by the Company in respect of the transactions under the New Financial Services Agreement are appropriate and that they will give sufficient assurance to the Shareholders shareholders that the transactions under the New Financial Services Agreement will be appropriately monitored by the Company.