According to a notice recently issued by Shanghai International Group (SIG), the largest shareholder of the company, State-owned Assets Supervision and Administration Commission of the State Council has approved Shanghai Industrial Investment (Holdings) Co. Ltd to transfer its 8,397,100 shares of the company to Shanghai Municipal Shangtou Investment Management Co. Ltd (SMSIM) and 122,602,900 shares to Shanghai Guoxin Investment Co. Ltd (SGI). Both of the transferees are subsidiaries of SIG. In addition, a notice regarding the approval of the above-mentioned transfer issued by the China Banking Regulatory Commission has been received by the company.

Shanghai Pudong Development Bank Co. Ltd
17 Jun 2008

Source: Shanghai Stock Exchange

Date: 17 Jun 2008

CN01/SW/AR/WH