March 27, 2003, GWAMC (China Great Wall Assets Management Corporation) announced that Global Law Office and its partners Mr. Zhang Tao and Mr. Liu Borong were appointed as legal counsels to advise and represent GWAMC with respect to contentious and non-contentious legal matters. The appointment was announced after GWAMC reviewed the experience and expertise of a large group of law firms and lawyers. Approved by the State Council, and registered with the State Administration of Industry and Commerce as a 100% state-owned financial enterprise, GWAMC is dedicated to taking over, , managing and disposing of the non-performing loans (NPLs) stripped off from the Agricultural Bank of China. The paid-up capital of GWAMC amounts to RMB100 billion, injected by the Ministry of Finance.