We have been bullish on Ctrip.com (CTRP) and you might well ask what’s been going on with the stock today? As you probably noticed the stock tumbled 9.24% to $57.48 on weaker 2008 Q2 forecast. We were not so much surprised by the actual results, in the last analysis of CTRP, released on 3/15/2008, analyst Lin Xu said “Snow Storm caused block of transportation and cancellations of travels which will reduce the profitability of Q1 2008, not to a large extent. Business will recover as the cold season ends.”

The Company has received a notice from China Datang Corporation (“CDC”), which holds approximately 33.73% of the total shares in issue of the Company as at the date of this notice, informing the Company that a director of the Company, Mr. Zhang Yi, will cease to be a director of the Company due to business adjustment; and that Mr. Cao Jingshan will be nominated as a director of the Company and that a motion will be proposed for the 2007 AGM in respect thereto, and the board of directors of the Company (the “Board”) has agreed that a proposed resolution to consider and approve the “Proposal to the Annual General Meeting on Adjustment of Director” (Note 1) shall be tabled before the forthcoming 2007 AGM for the consideration and approval by the shareholders of the Company.

The members of the new sessions of the board of directors and supervisory committee of the Company were elected at the 2007 annual general meeting of the Company held on 13 May 2008. The tenure of the office of each of Mr. Na Xizhi, Mr. Ding Shida, Mr. Qian Zhongwei, Mr. Xia Donglin, Mr. Wu Yusheng (as directors); and Mr. Shen Zongmin and Ms. Zou Cui (as supervisors) had ended on 13 May 2008, the date on which the term of the new session of the board of directors and the new session of the supervisory committee commenced. The members of the new sessions of the board of directors and supervisory committee of Huaneng Power International Inc. (the “Company”) were elected at the 2007 annual general meeting of the Company held on 13 May 2008. Biographies of the members of the new sessions of the board of directors and the supervisory committee are set out below

NOTICE IS HEREBY GIVEN THAT the 2007 annual general meeting (the “AGM”) of 中國東方航空股份有限公司 (China Eastern Airlines Corporation Limited) (the “Company”) will be held at Meeting Centre, Shanghai Home You Hotel (上海航友賓館), 2550 Hongqiao Road Shanghai, the People’s Republic of China (“PRC”) at 9:30 a.m. on Monday, 30 June 2008 for the purpose of considering the following matters:

On 29 April 2008, the Board made an announcement (“Announcement”) regarding the acquisition of 100% interest in SinoSing Power from Huaneng Group. As stated in the Announcement, the Company shall issue a circular to the Shareholders containing further information of the transaction as contemplated by the Transfer Agreement and will convene a general meeting for obtaining the Independent Shareholders’ approvals for the conduct of the Acquisition.

On 9 May 2008, Chalco HongKong Limited, a subsidiary of the Company, entered into a Joint Venture Arrangement with Malaysia Mining Company (MMC) and Saudi Arabian Binladin Group (SBG) . The three parties had entered into a memorandum of understanding (“MOU”) on 3 October 2007 with the intention to set up a joint venture. On 24 November 2007 the parties entered into a Joint Venture Framework Agreement, and received a project permit issued by the Government of Saudi Arabia. The three parties also signed a Support and Undertaking MOU with the Investment Department of Saudi Arabia in respect of this project when the Joint Venture Arrangement was entered into.

There were three main businesses that experienced significant growth during 2007. They include internet access services, value-added and integrated information application services and Leased line services and others, rising 32.1%, 35.4% and 19.9% respectively. Collectively, they contributed 34% of total operating revenues in 2007. The internet service is the largest component of the three growing business in 2007. The operating revenue from the internet service was RMB 31,340 million in 2007, making up 23% of the total operating revenue. Broadband subscribers increased at an average rate of 1.87% monthly and had amounted to 37.71 million by the end of Q1 2008.

Profit before taxation for the first quarter of 2008 was MYR348 million, 13.0 per cent higher than the MYR308 million reported for the same period in 2007.

The details set out as resolution numbered 11 in the notice convening the AGM (the “AGM Notice”) will be proposed at the AGM for the granting of a general mandate to the Directors to allot, issue and deal with new H Shares of up to a maximum of 20% of the H Shares of the Company in issue at the date of passing the resolution.

136,165,605 ordinary shares of US$0.50 each have been issued by HSBC Holdings plc to shareholders who elected to receive the scrip dividend alternative for the fourth interim dividend for 2007, payable on 7 May 2008. The shares rank pari passu with the existing issued ordinary shares of the Company.