<SUBMISSION>
<ACCESSION-NUMBER>0001362310-09-008222
<TYPE>6-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20090501
<FILING-DATE>20090527
<DATE-OF-FILING-DATE-CHANGE>20090527
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CNINSURE INC.
<CIK>0001413855
<ASSIGNED-SIC>6411
<IRS-NUMBER>000000000
<STATE-OF-INCORPORATION>E9
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>6-K
<ACT>34
<FILE-NUMBER>001-33768
<FILM-NUMBER>09853180
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>21/F, YINHAI BUILDING
<STREET2>NO. 299 YANJIANG ZHONG ROAD
<CITY>GUANGZHOU
<STATE>F4
<ZIP>510110
<PHONE>(86-20) 6122-2777
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>21/F, YINHAI BUILDING
<STREET2>NO. 299 YANJIANG ZHONG ROAD
<CITY>GUANGZHOU
<STATE>F4
<ZIP>510110
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>c86144e6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 10pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 10pt"><B>FORM 6-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 10pt"><B>REPORT OF FOREIGN PRIVATE ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER<BR>
THE SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>For the month of May&nbsp;2009</B>
</DIV>

<DIV align="center"><DIV style="font-size: 10pt; margin-top: 10pt; width: 15%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 1pt"><B>Commission File Number: 001-33768</B>
</DIV>

<DIV align="center"><DIV style="font-size: 10pt; margin-top: 10pt; width: 15%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 1pt"><B>CNINSURE INC.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">21/F, Yinhai Building<BR>
No.&nbsp;299 Yanjiang Zhong Road<BR>
Guangzhou, Guangdong 510110<BR>
People&#146;s Republic of China<BR>
(Address of principal executive offices)
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="50%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Form&nbsp;20-F <FONT face="Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Form&nbsp;40-F <FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(1): <FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(7): <FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>




<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">SIGNATURE
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CNinsure Inc.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                       /s/ Yinan Hu
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Yinan Hu&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Date: May&nbsp;27, 2009
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Exhibit&nbsp;Index</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Exhibit&nbsp;99.1 &#151; Press Release
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c86144c8614400.jpg" alt="(CNINSURE INC. LOGO)">
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 10pt"><U>Exhibit&nbsp;99.1</U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CNinsure Reports First Quarter 2009 Unaudited Financial Results</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Total Net Revenues up 58.0% Year-on-Year to RMB215.9 Million, Exceeding High End of Company Guidance; Net Income up 30.0% Year-on-Year to RMB45.5 Million; Basic Net Income Per ADS up 30.0% Year-on-Year to RMB0.998</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">GUANGZHOU, May&nbsp;26, 2009 &#151; CNinsure Inc., (Nasdaq: <U>CISG</U>), (the &#147;Company&#148; or &#147;CNinsure&#148;), a leading
independent insurance intermediary company operating in China, today announced its unaudited
financial results for the first quarter ended March&nbsp;31, 2009. <SUP style="font-size: 85%; vertical-align: text-top">1</SUP>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>Financial Highlights:</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Highlights for First Quarter 2009
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Total net revenues: RMB215.9&nbsp;million (US$31.6&nbsp;million),
representing an increase of 58.0% from the corresponding
period of 2008, exceeding the previous guidance of
RMB195&nbsp;million to RMB215&nbsp;million.</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Income from operations: RMB 45.9&nbsp;million (US$6.7
million), representing an increase of 40.6% from the
corresponding period of 2008.</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Net income: RMB45.5&nbsp;million (US$6.7&nbsp;million),
representing an increase of 30.0% from the corresponding
period of 2008.</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Basic and diluted net income per ADS: RMB0.998
(US$0.146) and RMB0.997 (US$0.146), respectively,
representing an increase of 30.0% and 30.0%,
respectively, from the corresponding period of 2008</DIV></TD>
</TR>

</TABLE>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Commenting on the first quarter results, Yinan Hu, Chairman and CEO of CNinsure, stated: &#147;We are
pleased to deliver another quarter of strong results amid the current financial and economic
crisis, with total net revenues growing 58.0% year-on-year to RMB215.9&nbsp;million, exceeding our
previous guidance, and basic net income per ADS growing 30.0% year-on-year to RMB0.998.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">&#147;Although our revenues in the first quarter were still dominated by the property and casualty
insurance segment, we have seen strong growth momentum from the life insurance and claims adjusting
businesses. Since we started offering claims adjusting services in the first quarter of 2008, our
claims adjusting services segment has been growing rapidly and has become a significant and stable
contributor to our revenues and profits. Our P&#038;C insurance, life insurance and claims adjusting
service segments accounted for 74.2%, 15.8% and 10.0%, respectively, of our total net revenues during the first quarter, &#147; he continued.
</DIV>


<DIV align="left">
<DIV style="font-size: 10pt; margin-top: 10pt; width: 18%; border-bottom: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="text-align: justify">This announcement contains translations of certain
Renminbi (RMB)&nbsp;amounts into U.S. dollars (US$) at specified rates solely for
the convenience of the reader. Unless otherwise noted, all translations from
RMB to U.S. dollars are made at a rate of RMB6.8329 to US$1.00, the effective
noon buying rate as of March&nbsp;31, 2009 in The City of New York for cable
transfers of RMB as certified for customs purposes by the Federal Reserve Bank
of New York.</DIV></TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->1-11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c86144c8614400.jpg" alt="(CNINSURE INC. LOGO)">
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">He added, &#147;We believe that the strong will emerge from the financial crisis stronger while the weak
will diminish. Our performance in the first quarter of 2009 was evidence of our leading position
and competitiveness within the industry. With a clear vision of the current macro-economic and
industry trends, our management has fully demonstrated their wisdom and execution ability to turn
headwind into tailwind, and challenges into opportunities.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">&#147;China has become one of the most important economies in the world and an important engine for the
world&#146;s economic growth. We believe more and more Chinese domestic enterprises will emerge as among
the world&#146;s leading players in their respective industries. As an early mover and leader in the
insurance intermediary industry, CNinsure is well positioned to build itself into a world-class
enterprise. With the strategies in place which have proved to be correct and effective over the
past decade, we are positive that we will be able to fully capitalize on the golden opportunities
presented by the current environment and fulfill our aspiration to become a world-class financial
services group in the future,&#148; he concluded.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>Financial Results for the First Quarter Ended March&nbsp;31, 2009</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Total net revenues for the first quarter ended March&nbsp;31, 2009 were RMB215.9&nbsp;million (US$31.6
million), representing an increase of 58.0% from RMB136.6&nbsp;million for the corresponding period of
2008. The increase was primarily attributable to increased sales force and contributions from newly
acquired or established entities. As of March&nbsp;31, 2009, the number of our sales professionals and
claims adjustors had grown by 70.0% to 29,125 and 239.3% to 855, respective, from March&nbsp;31, 2008
while our sales and service network had expanded to include 41 affiliated insurance agencies, five
affiliated insurance brokerages and three claims adjusting firms as compared with 25 affiliated
insurance agencies, four affiliated insurance brokerages and one claims adjusting firm as of March
31, 2008.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Total operating costs and expenses were RMB170.0&nbsp;million (US$24.9&nbsp;million) for the first quarter of
2009, representing an increase of 63.5% from RMB104.0&nbsp;million for the corresponding period of 2008.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Commissions and fees expenses were RMB121.6&nbsp;million (US$17.8&nbsp;million) for the first quarter of
2009, representing an increase of 71.1% from RMB71.1&nbsp;million for the corresponding period of 2008.
The increase largely tracked the growth of sales volume and was partially attributable to higher
commissions and fees paid out to sales agents for the distribution of property and casualty
insurance products in newly entered markets as part of our interim marketing strategies to expand
our market shares in those regions.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->2-11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c86144c8614400.jpg" alt="(CNINSURE INC. LOGO)">
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Selling expenses were RMB7.8&nbsp;million (US$1.1&nbsp;million) for the first quarter of 2009, representing
an increase of 87.8% from RMB4.1&nbsp;million for the corresponding period of 2008. The increase was
primarily due to sales growth and the increase in expenses incurred by newly acquired entities.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">General and administrative expenses were RMB40.6&nbsp;million (US$5.9&nbsp;million) for the first quarter of
2009, representing an increase of 41.0% from RMB28.8&nbsp;million for the corresponding period of 2008.
The increase was primarily due to 1) increases in salaries and other related fees for management
and administrative staff as a result of both increased headcount including more senior managers,
and higher basic salaries for the management and administrative staff; 2) increases in office
rental expenses and organization expense due to business expansion; 3) an increase in intangible
assets amortization as a result of acquisitions we made in 2008; and 4) an increase in depreciation
expenses as a result of the operation of our upgraded IT system in certain affiliated entities.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">As a result of the foregoing factors, income from operations was RMB45.9&nbsp;million (US$6.7&nbsp;million)
for the first quarter of 2009, representing an increase of 40.6% from RMB32.7&nbsp;million for the
corresponding period of 2008. Operating margin was 21.3% for the first quarter of 2009 as compared
with 23.9% for the corresponding period of 2008.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Interest income for the first quarter of 2009 was RMB9.8&nbsp;million (US$1.4&nbsp;million), representing a
decrease of 25.0% from RMB13.0&nbsp;million for the corresponding period of 2008, primarily due to the
decrease in bank deposit interest rate.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Income tax expense for the first quarter of 2009 was RMB15.5&nbsp;million (US$2.3&nbsp;million), representing
an increase of 38.3% from RMB11.2&nbsp;million for the corresponding period of 2008. The increase was
primarily attributable to the increase of income tax rate in Shenzhen from 18% in the first quarter
of 2008 to 20% and the increase of expenses incurred outside China, including legal and audit fees,
which were non-tax deductible for PRC tax purposes. Effective income tax rate was 27.4% for the
first quarter of 2009 compared to 24.5% for the corresponding period of 2008.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Net income was RMB45.5&nbsp;million (US$6.7&nbsp;million) for the first quarter of 2009, representing an
increase of 30.0% from RMB35.0&nbsp;million for the corresponding period of 2008.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Net margin was 21.1% for the first quarter of 2009 as compared with 25.6% for the corresponding
period of 2008.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Fully diluted net income per ADS was RMB0.997 (US$0.146) for the first quarter of 2009,
representing an increase of 30.0% from RMB0.768 for the corresponding period of 2008.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">As of March&nbsp;31, 2009, the Company had RMB1,712.9&nbsp;million (US$250.7&nbsp;million) in cash and cash
equivalents.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->3-11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c86144c8614400.jpg" alt="(CNINSURE INC. LOGO)">
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>Recent developments:</B>
</DIV>


<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">On May&nbsp;21, 2009, the Company&#146;s board of directors declared a
cash dividend of US$0.011 per ordinary share, equivalent to
US$0.22 per American Depositary Share, which amounts
to a total payment of US$10,037,475. The cash dividend is payable on or around July&nbsp;15, 2009
to shareholders of record as of the close of business on June&nbsp;26, 2009. The dividends to be
paid to the ADS holders through the depositary bank will be subject to the terms of the
deposit agreement, including the fees and expenses payable thereunder.</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">On May&nbsp;20, 2009, CNinsure signed a Memorandum of Agreement (&#147;MOA&#148;)
for a strategic partnership with Ping An Property &#038; Casualty
Insurance Company Of China, Ltd. (&#147;Ping An Property &#038; Casualty&#148;).
CNinsure and Ping An Property &#038; Casualty will work closely in
product distribution, development of customized products and
outsourcing of claims adjusting services.</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">On March&nbsp;31, 2009, CNinsure announced the signing of separate
definitive agreements to acquire (1)&nbsp;an additional 41% equity
interest in Hangzhou Fanhua Zhixin Insurance Agency Co., Ltd.
(&#147;Zhixin&#148;), bringing its shareholdings from 10% to 51%, and (2)&nbsp;an
additional 46% equity interest in Zhengzhou Fanhua Anlian
Insurance Agency Co., Ltd. (&#147;Anlian&#148;), bringing its shareholdings
from 5% to 51%. Pursuant to these agreements, the total
considerations of RMB100&nbsp;million and RMB40&nbsp;million, respectively,
for the acquisitions of the additional equity interests in Zhixin
and Anlian are subject to a downward adjustment if Zhixin and
Anlian fail to achieve certain performance targets, and will be
paid in cash in installments based on the achievement of those
performance targets.</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">On March&nbsp;9, 2009, the Company&#146;s board of directors voted to grant
options to purchase up to 10,000,000 ordinary shares to employees
under the amended and restated 2007 share incentive plan. The
exercise price of these options is US$0.336 per ordinary share,
equal to the closing price of our ADS on the Nasdaq Global Select
Market at the grant date (after adjusting for the 20 ordinary
 shares to 1 ADS ratio). These options will vest over a four-year
period starting from March&nbsp;31, 2010. As of March&nbsp;31, 2009, options
to purchase 49,492,631 ordinary shares were outstanding.</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">In March&nbsp;2009, CNinsure was awarded &#147;Best Insurance Intermediary
Company in China of the Year 2008&#148; by Insurance Manager Magazine.</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">In January&nbsp;2009, Beijing Fanhua Datong Investment Management Co.,
Ltd. (&#147;Datong&#148;), which is majority owned by a consolidated
affiliated entity of CNinsure, established two insurance agencies
to distribute life insurance products in Shandong and Henan, in
each of which Datong owned 60% equity interests. As of March&nbsp;31,
2009, Datong had eight insurance agencies, with its distribution
network expanding to eight provinces including Beijing, Yunnan,
Hainan, Jiangsu, Hebei, Shaanxi, Shandong and Henan. Commissions
and fees revenues contributed by Datong and its insurance agencies
are expected to increase significantly and constitute a larger
portion of our total commissions and fees revenues in the third
quarter of 2009.</DIV></TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->4-11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c86144c8614400.jpg" alt="(CNINSURE INC. LOGO)">
</DIV>


<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">As of March&nbsp;31, 2009, CNinsure had 29,125 sales professionals as
compared with approximately 17,137 sales professionals as of March
31, 2008. Its distribution and service network consisted of 41 insurance agencies, five insurance brokerages and three claims
adjusting firms with 348 sales and services outlets operating in 21 provinces as of the end of
March&nbsp;31, 2009, as compared with 25 insurance agencies, four insurance brokerages and one
claims adjusting firm with 232 sales and service outlets operating in 11 provinces as of March&nbsp;31, 2008. In addition, CNinsure&#146;s insurance claims adjusting business had 855 professional
adjustors as of March&nbsp;31, 2009, as compared with 252 professional adjustors as of March&nbsp;31, 2008.</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Net revenues from commissions and fees derived from property and casualty insurance, life
insurance and claims adjusting businesses for the first quarter 2009 grew 49.9%, 37.6% and
331.4%, respectively, from the corresponding period of last year, each contributing 74.2%,
15.8% and 10.0% of its total commissions and fees revenues for the first quarter of 2009.</DIV></TD>
</TR>

</TABLE>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>Business Outlook</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">For the second quarter of 2009, CNinsure expects its total net revenues to be between RMB285.0
million (US$41.7&nbsp;million) and RMB300.0&nbsp;million (US$43.9&nbsp;million). This forecast reflects CNinsure&#146;s
current and preliminary view, which is subject to change, particularly in light of the
uncertainties in the global economic and financial climate.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>Conference Call</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">The Company will host a conference call to discuss the first quarter 2009 results at</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Time:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">9:00 pm Eastern Daylight Time on May&nbsp;26, 2009<BR>
or 9:00 am Beijing/Hong Kong Time on May&nbsp;27, 2009</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">The Toll Free dial-in numbers:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">United States:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1866-549-1292</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">United Kingdom:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">0808-234-6305</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Canada:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1866-8691-825</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Singapore:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">800-852-3576</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Taiwan:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">0080-185-6004</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">China (Mainland):
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">800-701-1223</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Hong Kong &#038; Other Areas:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#043;852-3005-2050</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">China (Mainland) local dial-in number:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">400-681-6949</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Password: 885507#
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">A replay of the call will be available for three days as follows:
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">&#043;852-3005-2020 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Hong Kong &#038; other areas)<BR>
PIN number: 136443#
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Additionally, a live and archived web cast of this call will be available at:<BR>
<U>http://www.corpasia.net/us/CISG/irwebsite/index.php?mod=event</U>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->5-11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c86144c8614400.jpg" alt="(CNINSURE INC. LOGO)">
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>About CNinsure Inc.</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">CNinsure is a leading independent intermediary company operating in China. CNinsure&#146;s distribution
network reaches many of China&#146;s most economically developed regions and affluent cities. The
Company distributes a wide variety of property and casualty and life insurance products
underwritten by domestic and foreign insurance companies operating in China, and provides insurance
claims adjusting as well as other insurance-related services.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>Forward-looking Statements</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">This press release contains statements of a forward-looking nature. These statements are made under
the &#147;safe harbor&#148; provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can
identify these forward- looking statements by terminology such as &#147;will,&#148; &#147;expects,&#148; &#147;believes,&#148;
&#147;anticipates,&#148; &#147;intends,&#148; &#147;estimates&#148; and similar statements. Among other things, the management&#146;s
quotations and the Business Outlook section contain forward-looking statements. These
forward-looking statements involve known and unknown risks and uncertainties and are based on
current expectations, assumptions, estimates and projections about CNinsure and the industry.
Potential risks and uncertainties include, but are not limited to, those relating to CNinsure&#146;s
limited operating history, especially its limited experience in selling life insurance products and
offering claims adjusting services, its ability to attract and retain productive agents, especially
entrepreneurial agents, and qualified claims adjustors, its ability to maintain existing and
develop new business relationships with insurance companies, its ability to successfully manage its
growth and execute its growth strategies, its ability to adapt to the evolving regulatory
environment in the Chinese insurance industry, its ability to compete effectively against its
competitors, quarterly variations in its operating results caused by factors beyond its control and
macroeconomic conditions in China and their potential impact on the sales of insurance products.
All information provided in this press release is as of May&nbsp;26, 2009 and CNinsure undertakes no
obligation to update any forward-looking statements to reflect subsequent occurring events or
circumstances, or to changes in its expectations, except as may be required by law. Although
CNinsure believes that the expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that its expectations will turn out to be correct, and investors
are cautioned that actual results may differ materially from the anticipated results. Further
information regarding risks and uncertainties faced by CNinsure is included in CNinsure&#146;s filings
with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->6-11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c86144c8614400.jpg" alt="(CNINSURE INC. LOGO)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CNinsure Inc.</B><BR>
Unaudited Condensed Consolidated Statements of Balance Sheets<BR>
<B><I>(In thousands, except for shares and per share data)</I></B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>As of December 31,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>As of March 31,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>As of March 31,</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2008</B><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>(As Adjusted)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>RMB</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>RMB</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>US$</B></TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ASSETS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Current assets:</I></B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,510,432</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,712,883</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">250,682</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Restricted cash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,514</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">368</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accounts receivable, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90,452</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73,643</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,778</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Insurance premium receivables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">137</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other receivables, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57,151</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47,162</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,902</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred tax assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,808</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,054</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">740</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amounts due from related parties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207,595</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,744</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,158</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,224</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,308</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">923</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,876,883</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,862,445</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>272,571</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Non-current assets:</I></B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Property, plant, and equipment, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,538</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">84,535</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,372</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37,888</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57,314</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,388</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53,518</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52,404</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,669</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred tax assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,836</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">549</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Investment in an affiliate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">427</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">394</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other non-current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">425</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,612</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">675</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,046,515</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,065,454</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>302,281</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 10pt; margin-top: 10pt; width: 18%; border-bottom: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="text-align: justify">Effective January&nbsp;1, 2009, the Company adopted
Statement of Financial Accounting Standard No.&nbsp;160 (&#147;SFAS 160&#148;). SFAS 160,
which was retrospectively applied, requires noncontrolling interests to be
separately presented as a component of stockholders&#146; equity on the unaudited
condensed consolidated financial statements.</DIV></TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->7-11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c86144c8614400.jpg" alt="(CNINSURE INC. LOGO)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CNinsure Inc.<BR>
Unaudited Condensed Consolidated Statements of Balance Sheets-(Continued)<BR>
(</B><B><I>In thousands, except for shares and per share data</I></B><B>)</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>As of December 31,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>As of March 31,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>As of March 31,</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2008</B><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>(As Adjusted)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>RMB</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>RMB</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>US$</B></TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">LIABILITIES AND SHAREHOLDERS&#146; EQUITY:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Current liabilities:</I></B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accounts payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59,867</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53,959</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,897</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Insurance premium payables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,514</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">368</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other payables and accrued expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73,712</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63,552</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,301</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accrued payroll</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,336</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,908</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,450</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income tax payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,140</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,945</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,504</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amounts due to related parties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,967</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,427</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>190,222</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>163,628</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>23,947</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Non-current liabilities:</I></B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other tax liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,871</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,988</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">291</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred tax liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,351</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,055</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,179</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>200,444</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>173,671</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>25,417</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Common stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,036</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,036</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,030</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Additional paid-in capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,666,723</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,667,983</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">244,111</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Statutory reserves</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71,237</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71,237</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,425</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Retained earrings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80,462</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">126,007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,441</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accumulated other comprehensive loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(73,810</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(72,380</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10,593</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total CNinsure Inc. shareholders&#146; equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,751,648</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,799,883</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>263,414</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Noncontrolling interests</B><SUP style="font-size: 85%; vertical-align: text-top">3</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>94,423</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>91,900</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13,450</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total shareholders&#146; equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,846,071</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,891,783</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>276,864</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities and shareholders&#146; equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,046,515</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,065,454</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>302,281</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 10pt; margin-top: 10pt; width: 18%; border-bottom: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">3</SUP></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="text-align: justify">December&nbsp;31, 2008 balances were extracted from the form 20-F for the year ended December&nbsp;31,
2008, as adjusted resulting from the adoption of SFAS.160.</DIV></TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->8-11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c86144c8614400.jpg" alt="(CNINSURE INC. LOGO)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CNinsure Inc.<BR>
Unaudited Condensed Consolidated Statements of Operations<BR>
(</B><B><I>In thousands, except for shares and per share and per ADS data</I></B><B>)</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="10" style="border-bottom: 1px solid #000000"><B>For the three months ended March 31</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2008</B><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>2009</B><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>(As Adjusted)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>RMB</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>RMB</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>US$</B></TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net revenues:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Commissions and fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">136,482</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">215,654</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,561</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other service fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">136</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">217</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total net revenues</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>136,618</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>215,871</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>31,593</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Operating costs and expenses:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Commissions and fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(71,069</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(121,627</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(17,800</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,135</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7,764</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,136</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">General and administrative expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(28,764</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(40,571</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,938</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total operating costs and expenses</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(103,968</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(169,962</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(24,874</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income from operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>32,650</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45,909</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,719</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other income , net:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,033</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,775</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,430</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Others, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">854</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">125</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income before income tax</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45,677</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>56,536</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,274</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income tax expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(11,205</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(15,493</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,267</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Share of loss of an affiliated company</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(34</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>34,472</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>41,009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,002</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Less: Net loss attributable to the
noncontrolling interests<SUP style="font-size: 85%; vertical-align: text-top">4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">560</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,537</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">664</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income attributable to CNinsure Inc.</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>35,032</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45,546</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,666</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 10pt; margin-top: 10pt; width: 18%; border-bottom: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">4</SUP></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="text-align: justify">Amounts were extracted from the form 6-K for the quarter ended March&nbsp;31 2008, as adjusted resulting from the adoption of SFAS 160.</DIV></TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->9-11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c86144c8614400.jpg" alt="(CNINSURE INC. LOGO)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CNinsure Inc.<BR>
Unaudited Condensed Consolidated Statements of Operations-(Continued)<BR>
(</B><B><I>In thousands, except for shares and per share and per ADS data</I></B><B>)</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="5" style="border-bottom: 1px solid #000000"><B>For the three months ended March 31</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>2009</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>RMB</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>RMB</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>US$</B></TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income per share:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.038</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.050</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.007</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.038</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.050</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.007</B></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income per American Depositary Share (&#147;ADS&#148;):</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.768</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.998</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.146</B></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.768</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.997</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>0.146</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Shares used in calculating net income per share and ADS:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>912,497,726</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>912,497,726</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>912,497,726</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>912,497,726</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>913,489,567</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>913,489,567</B></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->10-11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c86144c8614400.jpg" alt="(CNINSURE INC. LOGO)">
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>For more information, please contact:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Oasis Qiu<BR>
Investor Relations Manager<BR>
Tel: &#043;86 (20)&nbsp;6122-2777 x 850<BR>
Email: <U>qiusr@cninsure.net</U>

</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->11-11<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>c86144c8614400.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c86144c8614400.jpg
M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("
M`@("`@,#`@(#`@("`P0#`P,#!`0$`@,$!`0$!`,$!`,!`@("`@("`@("`@,"
M`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`&$`H@,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`/W[)Q0`FX>]`!N'O0`;A[T`&1[C]*-O*PEO;:PFX#C!_0?U
MHM\B^7T17EO(K<.TJND48+/,VQ8451EB[LX"`#DEL"L\36I8*C[:M4C"*V5[
M2^2=E^)K3P\YV4&G*3M&"OS-O:T4M;^1SVJ>.?">B>'=3\6ZGKVF67AG1[:>
M\U+6GO+8Z?:6UL"9Y9+A)2H"<#'4LP506.*SH8FCB*7M:,[P^ZQK'+L=]86$
MEA*M"O*W+&I'D;OU2WMOJTD>.:)^UM^SWKFG7FJV?Q(T6UL;!K-9IM6:712?
MM[^7:-!'J<<#W"2N<`Q*WOBN6EFV#J2J0YW1]D[-U$HJ][:6;;^X^JEX=\7Q
MEAXPR>K5^LKFINFN:+7+S:M*T7;:]KO3<]LT+Q;X<\3:;%J_AS5K'6],FXAO
M=,NH+JW=L*S1^9%(0D@#J2K;3\P]:]##SIXE-T*D91CNT]/P_P"'/F,;E68Y
M9BYX''X.K@\12^*-6+CR[_/7HTFGW-WSE!50K`D9`^7@'J?O=/IFES6NN5JW
MI_F<48^YS)I15_ZT0[S5XP&ZXX`X_6M5!^FE^Q%.2GS<CMR=]/NL.W#WJ1AN
M'O0`;A[T`&X>]`!N'O0`;A[T`*#^&/PZT`+0`4`-;M0`V@`H`*`$_3],4;>0
MVN6/:Q$TH0XVX`#'=D*HVX)!)Z<'.>G&.M.RT,H\\G:-U;8_-+]K?XM^+$UG
M4_`]_I'C3P=X!M&AC'BJWL;F/3?$-WY:W'G?VE9AS'I2$A#&^S<RG=Q7Y#QU
M#-ZLJT<-.:I4G[J5[*RO?0_;_#+*^%85:.)SG'TXXFHKPBY)*D[[.^S[GF/P
MP^)-EIGA[6-!\1V&F_$?P!XFLYH-:T-VCDL;F4KMAFCW-Y5L9@VZXBR`L@#Q
M?,*_.LDX]Q^23J8'&)RAM9W6JV:OMYGZOQ-P3@>*)X99'C(4,7A[J.*A9Q5.
M7Q1ER_%HKQL]/*[/AKQ_X%\+^!=8O9]%=[+P?JEW)>Z-X<OKK^TYO#6`\Q@@
MO?+$[VBC>\329VF/KW/OY=GE;B>=6GA/W+C*2TOWOJ^OJK'Z?PM2RS(*="EG
M.<*=3#4H4JKDW%0Y8J//"+OR<S\VSZ?_`&;OVNM-^!OA6Y\-ZCX>&M^'=4U:
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M_3`QZC(^7_/M7N'B"T`%`!0`4`%`#E[T`.H`*`&MVH`;0`4`%`"?=]OTH7;8
M=M.7X3E/&6HWFC>&_$.K:=9_VA?Z5H.J:A8Z>(W<W=W96-S=VUL54C>)+F&$
M;1R<D=ZSG65&_NWLFTE]YV9=2A.O2HN?LU.<8N>W*I22;7R;7EN?C_\`"/\`
M;V\4V<4NB_&'1+7QGI>IO++J%G=VJZ;KF@W%_+(SZ3-8WT(BN;.&1_)6.1!(
M$"Y;FOBY9]@Z6)QU/%T/;04I>[I=76J5]#^G<+X+Y#Q?P[A<=D6<+)<WPE%1
MQ%.K&<J>)FM>:/+R\KMHK/?5W/+O`WBC4/'_`(^D\+Z7I.A>$7\>>)=;_P"$
M=*6YM=+T`WUQ=W%@FH6UL71EC18TVJR@;N#QS^58K(LOXES64,/RX+GGHWYO
M;30_4:^00X'\.<3BL)1K?6<!2DYM2YZE7EBKSBU[ROJTD?<GP`^"/Q1MM9U[
M2_BSX3\-Q^&9-$GT35I/,LM6L_%D=PD]NK:4KP_:;!EMY)':;?%@2A0,C-?9
M<(\'5,GJ5HT*\8QYI)WC\2OT[/S1_-G&O'^"S3`8&AA:%18V@H3C6A4<90J:
M<RJ+3G3U3A--&W\/?^">GP8\"^)=8U.]NM7\9>%+F.1=#\$^)?L\VE>'WN&+
M3%)H(TEU`#@0_:"QB'0D\U^@T\DH59/ZU^_LM%;E]>I\[7\3L^HY-'+J-9X1
MW7-43O>*U481:]R_VG=^6^GB'Q=_9P\5_#+XEZ;>?"+P/K>N_#/Q+IJ64VEZ
M7J4U]>>&_$LMQB2ZCANF`M-):`@$L649;H!7YIQCP$LSE[3+8/!.+_ENO[VB
MU6NWD?3\#>(U?`7KYIB/K,8_\NW+E=GV;LG\NIF^"OVEI?V:/&E[X#^*7@6]
M\/-J5\K-<3PK;WMQIB3FW&MVNI)FWU/35<QIY222.SR^6FT]<>%:.8\+\N&Q
M<95Z-US3BN5Q2ZZ]#Z3/<'@?%"V,RS%1RW$4(OV=*H^:%63V32LXR>RDM4]T
M]CZY^#'[9/@CXR>-M1\%6?A[7O#=VT]R_AF;6(D)U[3;%5\[4)8;5&_L;>Q/
ME17,C%P,AAG%?IF$X@PF+KNA3BX_RM]?6VQ^?\2^%.>\,93'-<3.%2E",95H
MP37L^:R3BW935W9[2ZJ/0^OQ-\X0+@[BI&2"O&5R-O\`$N37O^[R\T7=6TL?
ME5&K"?/"3]G5IOX&K:/9WT6N]B;\/Z5',T[<MC;E71V%_P`^E7^'D3MIV"@`
MH`<O>@!U`!0`UNU`#:`"@`H`0\>U*+M-K;]"H_=8JR`[G7&$;8&((&P'<'<#
M!&Y5(/.?I2JTTTFM+?+3JSGISG3Q#2VNK+H?@SXD_97_`&D-1^(?C^R;P+J?
MBI8?%^LW6E>,]4NM&M+?7]*U*_:\T_4([BZ>-'DC@D2W*;5V^1GC&*_-,PX;
MQ%3'XJM!.,*LKZ;:]=_G\S^T>!/%7@G*^%,'A<UJ1AC,'2Y)07NSE):ZJ-GM
MHO+N>`^(]'\4_#GQIK/@7Q;IEUX3\8^&1I][=6<>H1M_H>H6GG66IZ9?Z7*J
MW$))V&6,[06ZUX6,R.>2KZRVX-:]C]@X4X_X:XORS$4\K2CR77LZNB:2UTG_
M`)'ZU_L+V?QH/A+5M5^(-SJ4?@R^-M)X)LM>O%U#6<;?W]];7:N[+I,V0$69
MW8E3PHK]&X4Q-.MA79INR:[WZOT[^9_(?C5F7!O]HJ'#V&]CF%&4H8J4%RPY
MMG&2M9OGUBU:R;[GW[@[0NT9ZL.F/P&.:^FTC-M.RMH?AT8JI17UA67;;T`P
MC&,D?(5R.F",'Y>A')P#D?6I=6#35M.UBZ<?94O91>VU^GIV/D']L[X'^(OC
M;\(6T3P/IWAR[\;:+K&FZ]I*ZY:6XN)+2UDD-_IVEZG*5&EWET/)S*6",L.Q
M@N\.OG9AA*%?!8FC3II5)4Y*.FJ;70^FX3SW$9!FN%QGM'&$*D7)7]VR=_>6
MWS\V?C5XATOXL_`CQ=I/ACQ3HNM_#KQ3X@T,W6D7NEZG;O'J<93=<:;9:C8N
MPF99$VR0LQ=&P>$PQ_.I93B,FIK$592IV6KO;1[_`"Z']GY1XG<*\494\MS&
MA2KZWIJ24E&LE\336ENC>E]C]R_V8+_XE:A\(O"5[\4;O3+W7Y[7=;SZ=>27
MLK:2R[K$ZO.RA&U80A1+L+8+8/.:_0,CS##XK+?:*I%RI[M/6U[)/SO?Y;G\
M>^(-/(L/Q'B</D^'G0A*<M'%QC[2UY2IWLU!K_MUO6)]&`^@X]?\]/\`Z]>O
M"491O%Z?D?#24Z3L]AW?`_PJ+M3MLC:RY4T+5""@!R]Z`'4`%`#6[4`-H`*`
M"@!"/PI)<LK_`(!'W&W^`W8!G'R\<<=R,$D=^.,&KOI:PN5*:G:UNFQ@:]J]
MMX9T?6=?NTN)[71["[U.XALK>2XO'M]/MI+B:*TM;=3)=7#)&5CB4$LQ4#K7
M'C,70H0YIP:]EJ[(UIT</4KTXZ8:=1ZSO;G>RYO)7];'Y+?'KQ?\/?C_`!^!
MOBU\/["YT7Q_H<$EI'+J]M;/I'B7PG>3`:CH6LW41;R;R!\O$95+1,&7IT_&
M>..+LMQ%"6%FZE#E3C=)=M'VWW75']%^'G!O$V55Z6:X.M2Q6`E%25+G<%)Z
M73CV:N[I[K;4]+^%OQWUOX9Z%>Z!_94.K6$+13Z+8R7GD0Z9-)\UY"Q4%WL`
M"758QC))`YQ7RO#WB!BLDR^K6C@X5U!M4U*;B[)VN[?S+6W<^HXO\*<)Q!B\
M)C*-..63KW^L.DO:*3EK=*5DI*5[OJM+'VU\(/BW:?%/2;^Z73FTG4M)FCM]
M3L=YDB1I06@GM9\8F@G4$Q_Q#!W`5^W\)<2OB7+UC)8>.&JK>G&7,OO['\_\
M=\&SX/S.GEOUKZW1J+FA4<?9R2M>TH_S*_31GL0!SD$J,=".GX5]3&VJ<%'S
M1\&Z4H5$U/W>Q&1Y:L-VW.2`0649&/N]ESSBKY(+WK64=7^NAI5K4H\JDW':
M[2L?`/[=/ASQ?XDT3X>6^F?#B#QYX/T[Q#/J7B.\TZ.:3QEX?NH856PET3RR
MK1V4A$GVD@DS+&D;#!S7QW&.&S#'X"5+`TU&,8OWWHU?1Z=%;RW/N?#S'8#"
M9PJV*J.6'O:<)/EYH)K3IKZ?J?.G@'XY>*=&\-/9>"/%,\FBV6J74#V]Q!&M
MU%J>G3I_:.G2->*K1*S?*50*%"O@G'/X9@>(<QX7Q"R[$1E)59)W;?75.ZZ'
M]%YID'`G%>&J9M3HRI5,-3Y)UJ,'+E6O(N7X7*[Y;O='ZK^!/%47BKPOI.LQ
M75A<S3VL*:C]@N#/;6^IK&IO+/>%!$D4AP<COQ7]"\/YA3QN!I5XN\I1V7?J
MC^4L_P`)2RK,<1A:E.K1H*H_8NI#E<H7?*VNB:V.W!YQC!`Y`Z#/O7N1B[<[
M7+V1YC5H^[\/3H/JB`H`<O>@!U`!0`UNU`#:`"@`H`*`"@"C*%.[#.H#G=M"
M[@2N!@L#@=#QZ8Z5E*MAY\U"I"[Y;.ZT_P"'_P`Q*$<39)NG.@[)K34^%OBE
M^S9\+OASI_Q"^*NE:3X^N;616URZ\`^"KF,6;7DTO^GW.DV:6_FV-N[2R75P
ML3[8PK&-0`%KX/.^"LBS+GFZ/*VFW%)*V_X?U<_1^%>/.*L%4H9/1QJHX524
M4YMI6[)W6NG_``Y\>>#=,O?&]FUO\-K:3Q3=OI]_JFE:?+J2B]FCLY'N9[*:
M_N<NEXB$6VR55W,4]37\_P#^J^98C,,3EF$I25*%2:BDMHI[I:+9?,_IVKQ)
M#AOAS#YKF>-AB%)I;\WO3M9:+N]^G6QZ'\(?VKM/^$<%YH'B/1+NWACU(KK'
MA:>T%EXP\/W[Y^T7+12!#J%JW)"D*BA<I+S@_I?!=7'\.8E99BH2C33;T5FK
M]=?OL_P/A\\X+H^+F(CFN4XZGA,5"@U%5)ODE[.+:C9/W6VVN=:ZZIV/=-;_
M`."@_P`+=-UVUTS1](U_7M#5;5]6\2P0_8K>P%XAF4V]G=KYM^(8L^;Y>W:P
MQ7ZK+B+!J:2?,O*T;7\OZNSX;">`?%%'+:^.KRA3E2Y[0UJ74;ZN2LES6NK)
MV5F[O0^UK?Q5HLWAZW\3OJEG!X?N=+BU=-5N9DL[2.PFB2=;FXDN'5;9/+D0
M?,<[CBO5AF-".'J8F;2HT8N;>WNVO>WZ'XUB\)5PF8K+9827UKVKI.-D^6<7
M:U_-['R#^U!\=?B%X?\`AC:>+?V=[?3_`!DMIKL=OXZU/38CJ&K>%M!-LTL>
MJV^D-D7`,@&Z22.6/8Y94/4>)B<]HYAAW_9E=4XM:MM)^ENB/LN$\CRS`9U'
M"\786I0P^)=H)+EBW)ZOFO[W*K:)K>Y^2'P\U?2]2\222^*==U*W\$^/?$<N
MK^)IK&V$3:?'>NS2WMG:11[K8PWQ2:0+$<A&!^7I^;5LNRW&XZ&$Q22K5';V
MB5[6=VVS^T*'!]/*>#,R?#&"AC:F*I*IAX3T;DES*-UMS*RZG[9_LQ:+X#\,
M>"FT?P=\5/\`A:$<]T][<ZC)=V;7-HKEE@MVTVV426"!=@+3_.[*3TX'Z?PW
M@,+@J3H86I&:I=GTVO;='\6<?+B?,,8O[?R;^RO8+DC>G**;WLI_#-JU_=;L
MKZ(^HUX(P,`#D^F.GTKZ&4K35.UE:Z/@J3_=VO9TW:Q)0,*`'+WH`=0`4`-;
MM0`V@`H`*`"@`H`;L7G@#UXQ1:*^PKKK97%&/(VXOE?6VA$UNFUERV&.6&<`
M\;<%>A7;QM(P1U!H:C_(ON[BG&3^&I*FUUB[._<\U\+_``;^&_@OQ7K_`(T\
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MX?\`$.V15O!:FW81VVK(88VCG,,1".47"OC'.:_'\1G.=X#$*A%3PL9:;.*:
M[?)]4=<,)PCG678.-;!T\7_9[C.E-QBZJG!64^9;W3U3W>NAQ/Q1_9L\16?P
MN;XO_#2YTK7[+1I6N?&?@:RB\W4=.T**)GENK=P3(]W"KBYFA``*G>&`0@_K
M61Y76QV5_7IUXSK)+X/XD6]/QZVV/GL9XO5,HSG"9#+#U<OR_"-1A4^"%2-M
M;-=MM;-ZV/J/_@G#X+:/1O%7Q,FL]>M[?Q%#9:;H5WJL#6=CJ.E<7S36-O/"
MDTDT-TIB,Q"Q[/E4OUK]%X8RAX!3JN=3GJ:-2?NV6K_3R/S7QXXWP'$%/*J&
M758<M.,JD^3X^>248N36B33D[/5NSV/U'4@':.H&?SKZJ6ZTV_`_GNG#DIQ:
MV:NWUN/I#"@!R]Z`'4`%`'EGQ7^+/ACX/:1HFM>*;?Q)<66N^)=-\*V:^%_#
M6J>)[U-3U19Y+:2[L]*@E>TTT1VL_FW4@"(3&O+2*"`?/FN?MV?!O0_$USX+
M30/C-K'B6"]U:QAL=#^#OC*\DU!M&NY+/4KK21+9P+J5C:R1EGN("Z%"KY(<
M9`.Q\8?M>?!GP-K/CK0-;U76?[2^&7@+3_B-X[BL-%DNT\.:%JUQ9V^F6E_(
M)$$>O7'V^U<:>`75)2SE=E`%S3OVM/@7K'AGQUXMT7QM!JV@_#+PY;>*/&VI
M:;I][/9Z+87=I%?1VCWPB^QW.M);S1"6PM[B26.0E'4'`H`\KTO_`(*$?`O6
M[36-0T/1/C%K=CX=C63Q#=:-\*/$FIVV@`V8U+;JUQ9++'9R_P!G,ET5=LB)
M@Q'-`&M>?M\_LZV5_P"`-/?7O$A;XCZ%H'B3P_<P^$M3DL(-&\2ZS=:#I%WK
M-YD1Z,ESJ=I-$&N"%!"\DG%`'3>%_P!LGX(^+_%6M>$M%UK6Q=:3I_BC4M,U
M6^\,ZE8^&_&T'@KSD\4KX"UZ=4M_$\VGR02^;%;['8(3%N4$@`\LLO\`@I+^
MSM?WNCZ78VOQ5N]6\1/8)X;T:#X::Q_:?B--5CNYM-NM#M3/NOK2ZCL;OR9$
MX;R6Y..`-OD=GJ/[=/P'TOP5X/\`'4MWXU_LWQOXKU_P7I6DVO@;6K_Q/9^(
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M$_A4>$M2CM3;6&EZI)K+3:W`2'O;6&2TC&G6K6Q57@E#,Q52:Y<BP5;+?;0K
M45.EK=6OMU5OZ9W>)OB)D/%^%P%>C&M2SFF^1R7-&*C)6E">BW=FFKI6WU/,
M_C%^S_X^7]H_Q=XH\$^!M2UCP;X\\-Z)-J,^GMIEK96OB.U1[*Y#K<7D!16M
MX+9R5C;'F.>2QKX;C7AZ>>UX_4<&Z3T]Y1MJ]WIM=ZLK@#CK#\.851S"?M%&
MZ2D[NU]--WIZGL7[/O[/7Q,\`:I-J'B_Q/IL&GP7<D5AI.ERRZE-J^AW$<A-
MCK\LT<=M-M=@`(XW;;"%+%>O?P=P=F>55Z-;$XCEH17O4^CNM%;9+:^^IGQM
MXB9)Q'AZN!PN5\E:H^:-9J,'!Q^TM+MM-VU3MJ?<4,%K:Q16UM!%;P1`116\
M$<<$-NB#"+'#$JHB<G"J`!GI7ZM%*&D?=26VWKIT/QF:CBHS7.VZ7G?7\]BR
M@&=W0KE3_C4M:]ENOF10J-TG#^1V^XEI%A0`Y>]`#J`"@#XE_;J\:Z5X#^'?
MP[U35M4^)6D6]W\:/`>E6\_PN\36?A769K^]DOQ:6FK7U[8W,=UX;=T9KFT5
M%>1HH"K`1M0!\/\`Q?\`#.E?$O\`::TKP)\(?VEOB=:>,OA]X@O?$_Q"^(_B
M?XIV:^#?@UI.JW`CU'P3X'L)((/[8\4ZCN-E]@6XDMK*.%?M0)1@@!R_[:]I
MI?AR]_:@\:3^%/VAOL_COX>^!OAGJ7B;3/AS96?P]NO^$?U;1XX?%-SX].HM
M%JNFZH_E+@6L+22R>0K['Q0&WE8S[>#Q79_L<_';X;^(-"\?Z;\-=&^`]WX@
M\+6VK_L^6_PCT*WU[2Y-+OX=1D\8V/BR\D\7:K<%@7BN+>$3%3*V%0*0-O*Q
M\G>,=<^(7@#7[7P_\-_&FKV&C^-(-!G^*]A\/?$?C0:1XHN=0^%MKK5YHFI1
MVFHHESK]KX7@9+J#3E@E'GH,[."`=7\7=,T6V\?_``&\/Z/JN@_V9J7[/_[/
M$6@Z#X5EU*YT?Q3I-W\5=5OK2)[F[NI-:MQIT5P=4NFCGB9;BTF#3")70`;?
M(]-^"MIX\'Q"T;2_$>A>)+.PT*R^)-ZUW>>.-?U70M.T6+X;^)[6>WL-(O?%
M$]M]KGUH0M#Y=I*&21RR8`-`'Q5H-YXFT+QC\(M2T>^U+PQK=AX2\#ZMHNK:
MEXWM_$4UO9Q>'?'<QUC0[R+5+$^$H/LZW7V31/M$,ELR+(H9)AD`^U];\4>*
M-"_X)_?#1H;#36\.?%;Q-XON=0TSP]KFA7_C;Q/J'B?Q+(NC-]K\83ZKJ_\`
MPD^JZP)7U'^PXUFM/EVR!I`:(^YMI8<6X72TN>@?!S1/%/[+?QJ^$MMJ/@C4
M_ASJ'QDUOPM\.==TG4OB#X!^-5Q+K5S:/<65V);V&#Q9X-TR6")I)(OMZ1(T
MP`0[0*<F[-=-OT"+Y+\NGII^1^R\";/B[J:KG'_"OM/PI8XS_;TXZ=B<#.!S
M4P7LHJ$-(WO;\!.]HQN[0VU\T_T._P`P,^T21N8R-R"6(E"O.Z4*Q(8C+`[5
M^YAB*T4Y1O;2X*RFYV7,U;8D(7RR59=@^XP<%&X!!)W$<D^I[8%+F\DODOZ1
M2DX[:=O(:I16(WIOSM4+)&I5R#A.O3=PJ@$_-EA4_@%^EEHK;`AA0R$,-L89
MG!D4;&5L'S2RCRR&X&2`RDGG%#W3[*WR,:-*&'YO9)QYG=W8]9H2@EBFA:(X
M_>))&T8+$`AG5\%B>%"]2:=]$NQ48J":BK)N_P`V/:9$+JTB+Y>W=EDC8;\[
M?ED;@.<*I.`3N':D5MY$?VF/9))'/!L3@%98BBL,`+(^\A&\S*>F6'>@/P)K
M>>.7?Y<L4@4K@Q2I)E64'+>6<*=_F*.F=E`%F@`H`Y'QCX%\&^/K"STOQKX:
MT?Q-I]AJ5OK%C9ZS917L%IJEHLBVNH6Z2@^5=1+-*$D7!&\XH`\TU+]F']G;
M5K>VMM3^"GPVO8[2>]NH6N/"FE//]JU&43W]S-=?9_.N+BXG`DEEFD=G?YF)
M/-`'J&O>#/"?BCPW-X.\1^'-'UOPK<06=K/X>U.P@N](EMM.F@N+"![&9&C:
M*WGMK>2-2N$:%"N"HH`L:OX8\/:]X?O?"FMZ-IVJ>&M0TXZ1?:'?6T=QIEUI
M9C6$V$]K("CVIB55\LC&%%`'%6/P/^#VEM;-IWPS\%V366M2^([5K?0+")H-
M=GTM-$FU5"L.1>OI$:6C2=3"@0_*,4`6=,^#GPIT66VGTOX>>$;&>R\.OX2L
MY8-$LEDM/#$D\]R^@VSF(F#2S/=W3^0FU`;F7`'F-D`Y?1/V9_V??#6IVFLZ
M!\&_AYHVK6*W"6>HZ?X9TZUO+475O/:W/D3Q0AHVEMKF>-V!!99""3Q@`<_[
M-'[/CVTEH_P7^&QMI;BRNI8F\(Z/A[C3K6:QL)7/V7+-!9W$T,>3A4D*@8H`
MUK7X#_!>R/ALVGPM\#6P\':K>:YX42+P[IRQ>'=7OY4N+S4=(A\CR[&[EN(H
MY2\2J?,17&&`-`&E)\'OA5)XW'Q*E^'?@Z7X@*Z2+XQFT#3I?$22Q6J644J:
MK)`9TF2T18ED#AE4<$9.0#A_B##K4VM_$RW\-?:U\1W'P)UV+0/[/D$%_P#V
MT[ZI'I/V&4\0WGV]X/*<_=<J>U`'YK_`;1/AU86_P7M++X6?M/VG[0.E^&=:
MLOB3XFO/^%B:3X6M_%$?A74K?6[GXA7?B34I=+UZQ;5'D%M'ID>YGGCE0!0J
M@`\>\&^$_P!J;X<?#7X&_#V[T3XL^+O"'Q9^(/P<^)8U2:'76\4_"?Q-H?C*
MT3Q]X6\7"%FNE\+:II%O:WEJMR_DC;*7`!8,!MY'HWB?X2?'+XAMX'\'Z9J?
MQ,\":M<?M;_M->(+'Q4AUF--`M-.TMM8^'FI:N'DVIX6NM<LK:&**3S(9DF8
M0JH;;0&WD<YJ-U\</BEHGQ[\2?$[PO\`%3X;ZM:>/?V=K+6]`L=`\7>)/#>K
MWO@^PUK1?&0MM*\-ZC::A<>"=2U&TAO)9=&FW".[19&;[U`#[2R^("^!_C(W
M@SX:>-+;P]X9^(7[/WC;^VO!%G\5]-7Q!I&A^*'N_&.E>&?!GQ"U&;4UO+'3
M8_-N3;3/!=K.J"+]WD@'6_'O6_'WQOU+]HKQQ\,?!7QE'A2;X6?`_P`%Z/9:
MKHOB;P5=:WXJM?BK#J^MV6B6-Q)%<VT!T*X1+W48(@\<7GG>53D`X3Q]\*/C
M)X-M_P!IW2=.^%OBKX8QZO\`L^^&Y_#?A;P!X[\;?%+PWK^M+\2M&DU?4[/6
M;^Y-[I?B2ULTFWZ=:;9);199!\LBT`?H;^Q%!X<M-$\;VVCZ1_9NI!_"<^J3
M0^%_BIX:L[BWEL=5BL80/B?JMZ][?07EOK)F;33$BQW5J9@3)$0`?<]`!0`U
MNU`#:`"@`H`*`"@`H`*`"@`H`\0\6)=CQ3X[FLX[SSE^#.IQVLUM'+YBW8N+
M]H(K2:$%FN_,`8+'E]P7'-`'Y`>`G_:FTJ_^&?Q7\,7WQ-U/4/@U^S?\-_%?
MB3X;>(&U]].^)>EW6O>)=-\<Z(T6IQE9/&(T@K?6@*F='MX1UV4`2>$=;U3Q
M#_PH_7?C\G[0>F?!G7;K]HK5=4M[6/XF1WUEXIU7QK;7G@?3_%EOX2@;5@(O
M#<LL%HLJM;]=F%#$`'Z-?LZ>/?!/A;X4>%+30K3X]R^&_$/Q-U[PCX1F^*FA
M:[JGBI?/N[RX@N+YI5DO-+\"H+9TL[[4VA?:R(1E\$`^RH]R'9N)4<`,S!UP
M6RQW<N&8`+Z+0&WE8FZ>HQ[D8H`/S]>I&/R/O0&WD-"*@`4;0#D`$C!YR>O4
M[CGZT!MY$B\9'^>:`V\K#J`"@`H`3`]*`#`]*`#`]*`#`]*`#`]*`#`]*`#`
M]*`#`]*`#`]*`&B.-?NQHN`0,*HP"V\C@<`O\WUYZT!MY6';5_NC@[AP.&'?
MZ^]`"!54;0JJ.F``!CTP/K^M`!L4?PJ/P`[$>GH2/QH``B+@*BJ%`"@*!M`&
M`!@<#''%`"X'I0`8'I0`8'I0`O3V_2@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`
5H`*`"@`H`*`"@`H`*`"@`H`*`/_9
`
end
</TEXT>
</DOCUMENT>
</SUBMISSION>
