Structure of Manulife-Sinochem
Manulife-Sinochem ("MSL") is a joint venture company between Manulife (International) Limited and China Foreign Economic and Trade Trust & Investment Company (a member of the Sinochem group). Manulife-Sinochem is headquartered in Shanghai, with branch operations located in the cities of Beijing, Guangzhou, Ningbo, Foshan, Dongguan, Hangzhou, Zhongshan, Nanjing, Shaoxing, Shenzhen and Chengdu.

Manulife holds a 51 per cent share of the Company, while Sinochem holds the remaining 49 per cent.

Manulife-Sinochem Management

Marc H. Sterling, Chairman, Manulife-Sinochem

Mr. Marc Sterling is Executive Vice President, Asia Regional Operations, responsible for Manulife Financial's business in China and Taiwan. Mr. Sterling is responsible for Manulife's Regional Manpower Development Program. He was appointed as Chairman of Manulife-Sinochem in 2005.

Mr. Sterling has 18 years of experience in the insurance industry, 13 of which have been with Manulife and five as an attorney in a private practice specializing in insurance. He was responsible for Manulife's market entry into China, Taiwan, Vietnam and Macau, and was a member of the team that managed Manulife's acquisition of the infrastructure of Daihyaku Mutual Life Insurance Company in Japan. Mr. Sterling managed Manulife's businesses in China and Vietnam since they were originally licensed, and its business in Taiwan since 2000. Mr. Sterling also created and managed Manulife's Agency Development and Alternative Distribution function for the Asia Division.

Mr. Sterling is on the Board of Directors of Manulife (International) Limited, Manulife (Vietnam) Limited and is currently the Chairman of the Board of Directors of Manulife-Sinochem Life Insurance Co., Ltd. He is a member of the Manulife Senior Management Committee. He is also a member of the Board of Directors of Council and past Chairman of the Taiwan Insurance Committee.

Mr. Sterling holds a Bachelor of Arts degree in Psychology, a Juris Doctoral degree in law, and a Master of Law's degree in Banking Law.

James Lin, President, Manulife-Sinochem

Mr. James Lin was appointed President of Manulife-Sinochem Life Insurance Co., Ltd. in April 2003, following approval from the China Insurance Regulatory Commission. Mr. Lin joined Manulife Financial in 2001, as Vice President, Regional Agency Development and Training - a post where he was responsible for business development in China and Taiwan. Enjoying almost 30 years experience in the life insurance industry, Mr. Lin has served as Senior District Manager of Nan Shan Life Insurance Co. Ltd., President of Chinfon Life Insurance Co. Ltd and in his role previous to joining Manulife, as Executive Vice-President of Taiwan Life Insurance Co. Ltd. Mr. Lin's published book, entitled: "Elite Team - the Art and Practice of Life Insurance Marketing," sums up his many years of experience in sales management and marketing, and has encouraged many people in the China life insurance sector. Mr. Lin currently sits as the Board Chairman of the "Make a Wish Foundation, Taipei," as well as a charter member of the "Capital International Rotary Club, Taipei." A graduate of both National Taiwan University and National Chengchi University, Mr. Lin majored in History and then completed his Executive MBA program, respectively.

Guo Yongping, Executive Vice President, Manulife-Sinochem

Mr. Guo Yong Ping joined the Sinochem Group in 1994, directing the Finance Planning and International Business departments of FOTIC, a member of Sinochem. During 1998 to 1999, Mr. Guo served as Chairman of Sinochem Fund Management Company. He is a Certified Investment Consultant of The Securities and Futures Commission (SFC) of Hong Kong. Previously, Mr. Guo held government positions in Ministry of Commerce and State Economic and Trade Commission. He participated in many important negotiations including WTO talks and foreign direct investment negotiations. Mr. Guo joined Manulife-Sinochem in 2003. Mr. Guo is a graduate of China People University, where he majored in International Finance and received a Bachelor's Degree in Economics.

About our partner: Sinochem

China Foreign Economy and Trade Trust & Investment Co., Ltd (FOTIC) holds 49% equity interest in Manulife-Sinochem Life Insurance Co., Ltd. FOTIC, a core enterprise of Sinochem, is a national non-banking financial institution approved by the People's Bank of China and has business relations with more than 100 financial institutions around the world. Founded in 1950, China National Chemicals Import and Export Corporation (Sinochem) has grown into a world-renowned international enterprise group. The brand name Sinochem enjoys high prestige in the global national and domestic trade of petroleum, fertilizer, rubber, plastic and chemicals and industrial investment. It is also expanding into finance, insurance, logistics and high-tech investment businesses. In recent years, the company applied modern management practices to integrate its information, capital and logistical services. Currently, Sinochem has Joint Venture enterprises and offices in more than 30 countries and regions. Sinochem has been listed among the Fortune Global 500 companies for 15 consecutive years, ranking 287th in 2005. It was ranked eighth among China's 500 largest companies in 2004.