2nd 2008 EGM to be Held

At the 10th Meeting of the 4th Board of Directors, held on 15 Jul 2008, the following proposals were examined and approved:

1. a rectification report on corporate governance
2. management rules for related-party transactions
3. management rules for raised funds
4. management rules for information disclosure
5. to revise the Articles of Association of the company
Due to an adjustment, the company's registered capital will increase from RMB 458,491,500 to RMB 550,189,800 and total shares outstanding will increase from 458,491,500 to 550,189,800.
6. to nominate candidates to independent directorships
7. a self-inspection report on the possible misappropriation of raised-funds
8. to hold its 2nd 2008 Extraordinary General Meeting of Shareholders, at which proposals 5 and 6 will be examined and considered for approval

Board of Directors
17 Jul 2008


Source: Securities Times

Date: 17 Jul 2008

CN01/SS/JC/BT/KM