As China's sovereign wealth fund, we continued to enhance international understanding of our mission and purpose, boost our image as a valuable partner and a responsible global institutional investor, and promote free, open and orderly flows of capital and cross-border investments.

As a charter member of the International Forum of Sovereign Wealth Funds (Forum), CIC has implemented the Santiago Principles in good faith and actively participated in the Forum. CIC is committed to facilitating the wider acceptance of the Santiago Principles, engaging in investment and risk management cooperation among sovereign wealth funds, and contributing to the improvement of the global investment environment. At the 2015 annual meeting of the Forum held in Milan, Italy, the CIC delegation participated in decision-making on key issues related to the Forum's governance and development and played a constructive role in the sound development of the Forum. During the meeting, the then Vice Chairman, President and Chief Investment Officer of CIC, Mr. Li Keping was elected member of the new Board of Directors by members of the Forum.

From the outset, CIC has fostered a high degree of transparency, a practice appreciated by recipient countries or regions and business partners. Through its official website, annual reports, spokespersons, press releases, and other channels, CIC discloses key operational and management information on corporate governance, investment strategies and philosophies, major investment activities, executive personnel changes, investment performance, and so on. In 2015, CIC carried out a self-evaluation on the implementation of the 24 Generally Accepted Principles and Practices, known as the Santiago Principles. The evaluation results showed that CIC is characterized by openness and transparency and has honored its solemn commitment to the Santiago Principles.

Going forward, CIC will remain committed to expanding global outreach through active and effective dialogue and cooperation. CIC will continue to observe in good faith the Santiago Principles and prove to be a reliable, professional, responsible, and respected world-class institutional investor.

For more information on the International Forum of Sovereign Wealth Funds, other sovereign wealth funds and the Santiago Principles, please refer to the Forum's official website: www.ifswf.org