TRACK RECORD OF HANG SENG INDEX MARKET ALERTS For Years 2005 - 06 updated Mar 31, 2006 Buy Index Sell Index Points % Gain Points % Gain Cumulat. Cumulative Date Value Date Value Gained for Gained for Gain % Investment Gain for Buying for Selling Buying Selling Investment sum = US$10,000 10000 Jan 10,05 13525 Jan 19 13638 113 0.84 261 10,084 0.835 1.91 1.91 10,277 1.914 Jan 25 13377 Feb 1 13697 320 2.39 202 4.31 10,522 2.392 1.47 5.78 10,678 1.475 Feb 3 13495 Feb 16 14040 545 4.04 94 9.82 11,109 4.039 0.67 10.49 11,183 0.67 Feb 24 13946 Feb 28 14100 154 1.10 412 11.59 11,307 1.104 2.92 14.52 11,637 2.922 Mar 8 13688 Mar 9 13819 131 0.96 79 15.47 11,748 0.957 0.57 16.04 11,816 0.572 Mar 10 13740 Mar 22 13790 50 0.36 236 16.41 11,859 0.364 1.71 18.12 12,061 1.711 Mar 24 13554 Mar 29 13520 -34 -0.25 100 17.87 12,031 -0.25 0.74 18.61 12,120 0.74 Mar 30 13420 Apr 15 13566 146 1.09 153 19.70 12,252 1.088 1.13 20.82 12,390 1.128 Apr 21 13413 Apr 28 13884 471 3.51 28 24.34 12,825 3.512 0.20 24.54 12,851 0.202 May 4 13856 May 10 14005 149 1.08 302 25.61 12,989 1.075 2.16 27.77 13,269 2.156 May 27 13703 Jun 2 13872 169 1.23 -59 29.00 13,433 1.233 -0.43 28.58 13,376 -0.43 Jun 8 13931 Jun 13 13975 44 0.32 4 28.89 13,418 0.316 0.03 28.92 13,422 0.029 Jun 20 13971 Jul 4 14208 237 1.70 64 30.62 13,650 1.696 0.45 31.07 13,711 0.45 Jul 12 14144 Jul 26 14805 661 4.67 -141 35.74 14,352 4.673 -0.95 34.79 14,215 -0.95 Aug 1 14946 Aug 4 15136 190 1.27 26 36.06 14,396 1.271 0.17 36.23 14,421 0.172 Aug 9 15110 Aug 15 15383 273 1.81 586 38.04 14,681 1.807 3.81 41.85 15,241 3.809 Aug 31 14797 Sep 7 15231 434 2.93 80 44.78 15,688 2.933 0.53 45.31 15,770 0.525 Sep 20 15151 Sep 30 15440 289 1.91 1061 47.21 16,071 1.907 6.87 54.09 17,175 6.872 Oct 31 14379 Nov 4 14494 115 0.80 124 54.89 17,313 0.8 0.86 55.74 17,461 0.856 Nov 8 14370 Nov 14 14693 323 2.25 115 57.99 17,853 2.248 0.78 58.77 17,993 0.783 Nov 15 14578 Nov 18 14845 267 1.83 13 60.60 18,322 1.832 0.09 60.69 18,338 0.088 Nov 22 14832 Nov 28 15124 292 1.97 159 62.66 18,699 1.969 1.05 63.71 18,896 1.051 Dec 1 14965 Dec 2 15258 293 1.96 311 65.67 19,266 1.958 2.04 67.71 19,659 2.038 Dec 9 14947 Dec 21 15275 328 2.19 299 69.90 20,090 2.194 1.96 71.86 20,483 1.957 Jan 3, 06 14976 Jan 16 15835 859 5.74 285 77.59 21,658 5.736 1.80 79.39 22,048 1.8 Jan 19 15550 Jan 20 15630 80 0.51 203 79.91 22,162 0.514 1.30 81.21 22,449 1.299 Jan 23 15427 Feb 1 15792 365 2.37 359 83.57 22,981 2.366 2.27 85.85 23,503 2.273 Feb 6 15433 Feb 7 15515 82 0.53 176 86.38 23,628 0.531 1.13 87.51 23,896 1.134 Feb 14 15339 Feb 21 15621 282 1.84 -28 89.35 24,335 1.838 -0.18 89.17 24,292 -0.18 Feb 23 15649 Feb 27 15948 299 1.91 151 91.08 24,756 1.911 0.95 92.03 24,990 0.947 Mar 2 15797 Mar 3 15856 59 0.37 524 92.40 25,083 0.373 3.30 95.71 25,912 3.305 Mar 8 15332 Mar 20 15850 518 3.38 175 99.09 26,788 3.379 1.10 100.19 27,084 1.104 Mar 23 15675 Mar 24 15735 60 0.38 -14 100.57 27,187 0.383 -0.09 100.48 27,163 -0.09 Mar 27 15749 Mar 31 15886 137 0.87 101.35 27,399 0.87 0 0 Totals 8701 59.85 6340 42.33 102.19 Total Index Points Gained This Year : 15041 Points Total % Gained This Year : 102.2 % Cumulative Index Points Gained This Yr 15041 Points Total % Gained This Year : 102 % Performance of last transaction when marked to market: Total Index Points Gained : 75 Points Total % Gained : 0.5 % 27,531 0.48 0.835 1.91 137.96 41,048 1.914 Jan 25 13377 Feb 1 13697 320 2.39 202 140.35 42,030 2.392 1.47 141.82 42,650 1.475 Feb 3 13495 Feb 16 14040 545 4.04 94 145.86 44,372 4.039 0.67 146.53 44,669 0.67 Feb 24 13946 Feb 28 14100 154 1.10 412 147.64 45,162 1.104 2.92 150.56 46,482 2.922 Mar 8 13688 Mar 9 13819 131 0.96 79 151.51 46,927 0.957 0.57 152.09 47,195 0.572 Mar 10 13740 Mar 22 13790 50 0.36 236 152.45 47,367 0.364 1.71 154.16 48,178 1.711 Mar 24 13554 Mar 29 13520 -34 -0.25 100 153.91 48,057 -0.25 0.74 154.65 48,412 0.74 Mar 30 13420 Totals 3163 24.40 3534 26.50 50.90 Total Index Points Gained This Year : 6697 Points Total % Gained This Year : 50.9 % Cumulative Index Points Gained This Yr 6697 Points Total % Gained This Year : 51 % Performance of last transaction when marked to market: Total Index Points Gained : 255 Points Total % Gained : 1.9 % 49,332 1.9