On 23 Jun 2008, the company received a notice issued by the State-owned Assets Supervision and Administration Commission of the Shanghai Municipal Government, stating that the Shanghai SASAC has approved the private placement scheme being offered to SVA (Group) Co. Ltd by the company.

Board of Directors
26 Jun 2008


Source: Shanghai Stock Exchange

Date: 26 Jun 2008

CN01/JL/DM/AR/MM