| 1. | Merrill lynch , an investment bank advising the consortium , is lead underwriter for these share issues but there is no commitment yet on price
而此次收购的财务顾问公司美林是权益性融资的主承销商，他对于承销的股价没有做出任何承诺。 |
| 2. | The subscription fund payable shall be remitted to the bank accounts designated by the co - sponsors ( lead underwriters ) before 17 : 00 on august 18 , 2008
应缴申购款应当在2006年8月18日17 ： 00时之前汇至联席保荐人(主承销商)指定的银行账户。 |
| 3. | In at least twelve stock offerings in which it was selected as lead underwriter from 1999 through 2001 , morgan stanley paid 2 . 7 million of the underwriting fees to approximately twenty - five investment banks
这是不证自明的： wto各成员所达成的协定，正是通过行使主权，追求其国家利益的结果。 |
| 4. | The strategic allotment and the off - line allotment shall be organized and implemented by the co - sponsors ( lead underwriter ) , and the on - line offering shall be conducted through the trading system of shanghai stock exchange
战略配售和网下配售由联席保荐人(主承销商)负责组织实施，网上发行通过上海证券交易所交易系统进行。 |
| 5. | Other matters relating to this offering will be published by the co - sponsors ( lead underwriters ) on china securities journal , shanghai securities news and securities times in a timely manner if it deems necessary , which all investors are requested to pay attention to
有关本次发行的其他事宜，联席保荐人(主承销商)将视需要在《中国证券报》 、 《上海证券报》和《证券时报》上及时公告，请投资者留意。 |
| 6. | Article 25 securities to be offered to the public with a total face value exceeding rmb50m shall be underwritten by an underwriting syndicate . an underwriting syndicate shall be composed of a securities firm acting as the lead underwriter and securities firms acting as participating underwriters
第二十五条向社会公开发行的证券票面总值超过人民币五千万元的，应当由承销团承销。承销团应当由主承销和参与承销的证券公司组成。 |
| 7. | In at least twelve stock offerings in which it was selected as lead underwriter from 1999 through 2001 , morgan stanley paid at the direction of its investment banking clients approximately 2 . 7 million of the underwriting fees to approximately twenty - five other investment banks as " research guarantees " or " guaranteed economics for research . " morgan stanley failed to ensure that these payments were disclosed . morgan stanley failed to establish and maintain adequate procedures to protect research analysts from conflicts of interest , and failed to adequately supervise the work of senior analysts , the content of their reports , and the reasonableness of their ratings
300多年之后，当联合国宪章问世之时，祈求和平的人类发出最强烈的呼声： “我联合国人民，同兹决心欲免后世再遭今代人类两度身历惨不堪言之战祸”庄严宣布“联合国之宗旨为：一维持国际和平及安全，并为此目的，采取有效集体办法以防止且消除对于和平之威胁，制止侵略行为或其他和平之破坏，并以和平方法且依正义及国际法之原则，调整或解决足以破坏和平之国际争端或情势。 ” |
| 8. | No allotment subjects that are of shareholding relationship with the issuer or its co - sponsors ( lead underwriters ) or other material interest relationship that may influence their independent investment decision - makings and no member of the underwriting syndicate of this offering may participate in the offline subscription
与发行人或联席保荐人(主承销商)之间存在控股关系，或存在影响其做出独立投资决策的其他重大利害关系的配售对象以及本次发行的承销团成员不得参与本次网下申购。 |
| 9. | The refund of the surplus fund from the off - line subscription will be effected by two batches : on august 8 , 2008 , the co - sponsors ( lead underwriters ) will refund to the investors the subscription fund ( including invalid subscription fund ) refundable prior to the implementation of the clawback mechanism ; and on august 18 , 2006 , the co - sponsors ( lead underwriters ) will refund to the investors the subscription fund refundable after the implementation of the clawback mechanism , the amount of which depends on the situation of the implementation of the clawback mechanism
本次网下申购多余资金的退款将分两次进行： 2008年8月8日，联席保荐人(主承销商)将向投资者退还回拨机制实施前应退申购款(含无效申购款) ； 2008年8月18日，联席保荐人(主承销商)将向投资者退还回拨机制实施后应退申购款，该退款金额取决于回拨机制的实施情况。 |
| 10. | 9 . the investment banking division at morgan stanley advised corporate clients and helped them execute various financial transactions , including the issuance of stock and other securities . morgan stanley frequently served as the lead underwriter in initial public offerings " ipos " - the first public issuance of stock of a company that has not previously been publicly traded - and follow - on offerings of securities
所谓“准司法” ，是指这种专家组审理与上诉复审类似传统意义上的法院庭审理程序，其中包括根据dsu第6条采用“消极一致”方式，从而使进入专家组审理的程序具有强制管辖的司法性质，同时又融合了不少非司法性质的程序，如关于专家组所作决定的授权条款期间评审等。 |
