Insurance Agency

Soobao obtained qualification to do business as an insurance agent in China on June 29, 2007. We anticipate insurance sales commissions to be a vital business for profit and growth. Soobao plans to cooperate with insurance companies with a good reputation and high production competitiveness to sell their products and services. Through www.soobao.cn, and in reliance on its brand credit with the public, Soobao plans to make use of preferential premiums and abundant value-added member services to provide guidance to the consumer with respect to their prospective purchases. Soobao expects to enlarge its market share through the direct selling in the current network and to establish a national marketing network system through developing businesses in first and second-level cities in China. plans to fairly and objectively recommend appropriate products to consumers through a professional financial consultant service.