The recent decrease in the closing price of the company's stock in three consecutive trading sessions on 20, 23 and 24 Jun 2008 represents a deviation of 20%, which according to the Stock Listing Rules of the Shanghai Stock Exchange constitutes an unusual price movement.

Following verification, information previously disclosed by the company requires no amendment or supplement. In addition, the board of directors of the company confirms that there are no significant undisclosed issues outstanding, pursuant to relevant regulations, nor are there any related plans, negotiations, intentions, agreements, reports or rumours that would materially impact the company's stock price.

The Shanghai Securities News and the website of the Shanghai Stock Exchange (www.sse.com.cn) are the company's designated media for information disclosure. Investors are advised to exercise caution when dealing in the company's shares.

Board of Directors
24 Jun 2008


Source: Shanghai Stock Exchange

Date: 25 Jun 2008

CN01/JC/BT/KM