10:10 SHANGHAI GROWTH<00770> - Announcement (6) 4. The custody of the SITICO Deposits Similar to the safeguards adopted by the Company in relation to the Company's custodian account with the Custodian, the Company utilizes the same group of authorised signatories, which are authorised to operate the custodian account with the Custodian to operate the SITICO trust account on matters such as withdrawal of deposits when the SITICO Deposits have been converted to US$, upon which the converted US$ are directly remitted to the custodian account with the Custodian. Monthly statement is furnished by SITICO to the Company showing the month end balances of the SITICO Deposits and the interest earned on the SITIOC Deposits. To further protect the types of assets which may be placed in the SITICO trust account, written instructions are also required by SITICO from the authorised signatories in respect of any deposits or types of investments in RMB which are temporarily parked in the SITICO trust account. 5. The custody of the Unclaimed Dividend Balances with the Standard Chartered Bank Approved dividend distributions of the Company to its Shareholders are paid out from the custodian account maintained by the Company with the Custodian into an account with the Standard Chartered Bank. The Unclaimed Dividend Balances are small balances of dividends which have not yet claimed by the Shareholders, pending any request of payment by the relevant Shareholder at a later stage upon proof of shareholding in the Company of the relevant Shareholder. To be constantly informed of the balances of the Unclaimed Dividend Balances held by the Standard Chartered Bank, the Company receives monthly bank statements from the Standard Chartered Bank which will be used for reconciliations with the Company's own recorded balances of the Unclaimed Dividend Balances. Similar group of authorised signatories are appointed by the Board for the purpose of controlling and operating this account with the Standard Chartered Bank. DEFINITIONS In this announcement, unless the context otherwise requires, the following terms shall have the following meanings: "Board" means the board of Directors "Company" means Shanghai International Shanghai Growth Investment Limited "Core Pacific" means Core Pacific - Yamaichi International (H.K.) Limited "Custodian" means State Street Bank and Trust Company "Custodian Agreement" means the custodian agreement dated November 12, 1993 entered into between the Company, the Custodian and the Investment Manager "Directors" means the directors of the Company "FB Gemini" means FB Gemini Securities Limited "Investment Manager" means Shanghai International Asset Management (HK) Co., Ltd "Investment Management and means the investment management and Administration Agreement" administration agreement dated November 12, 1993 entered into between the Company and the Investment Manager for the provision of management and administration services to the Company "Licensed Brokers" means collectively, Core Pacific, FB Gemini and SinoPac Securities "Listed Taiwanese means the listed investments of the Company Investments" which are listed on the TSE "Listing Rules" means the Rules Governing the Listing of Securities on the Stock Exchange "NAV" means the unaudited and unpublished net asset value of the Company as at January 31, 2005 "Other Custodial Measures" means the custodial measures in relation to the Listed Taiwanese Investments, the SITICO Deposits, the PRC Properties and the Unclaimed Dividend Balances, adopted and implemented by the Company at various times since its listing on the Stock Exchange "PRC" means the People's Republic of China "PRC Properties" means the properties located in the PRC and held under long leases