Unusual Price Movement

The company's stock price deviated by 15% in three consecutive trading sessions on 2, 3 and 4 Jul 2008, thus constituting an unusual price movement.

As of 4 Jul 2008, the company was operating normally.

Following verification, Li Chengbi, the effective controller of the company and the board of directors confirms that there are no significant undisclosed issues outstanding at present, including related plans, negotiations, intentions and agreements, pursuant to relevant regulations, nor is there any remaining undisclosed information that would materially impact the company's stock price.

The China Securities Journal and the China Info website (www.cninfo.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
4 Jul 2008


Source: Securities Times

Date: 7 Jul 2008

CN01/BJ/SW/AR/KM