According to a notice received on 8 Jul 2008 from China Tourism Trading & Service Co., Ltd. (CTTSC), a shareholder of the company, Guanglv Construction Decoration Engineering Co., Ltd. (GCDEC), a wholly-owned subsidiary of CTTSC, had sold 2,969,300 tradeable shares of the company, equal to a 1.01% stake, in the secondary market from 1 Mar 2008 to 8 Jul 2008.

As of 8 Jul 2008, China Tourism Trading & Service and its persons acting in concert (Beijing Bofeite Tourism Gifts Co., Ltd. and GCDEC) held a total of 14,706,941 tradeable shares of the company, equal to a 5.01% stake.

Board of Directors
9 Jul 2008

Source: Shanghai Stock Exchange

Date: 10 Jul 2008

CN01/ZZ/DM/AR/KM