The recent change in the company’s stock price over three consecutive trading sessions on 15, 16 and 17 Jul 2008 represents a deviation of 15%, which according to the Stock Listing Rules of the Shenzhen Stock Exchange constitutes an unusual price movement.
As of 17 Jul 2008 the company was operating normally.

Following consultation with Guangzhou Borong Investment Co., Ltd., the largest shareholder of the company, Li Chengbi, the effective controller of the company, as well as the senior managers of the company, they confirm that there is no significant undisclosed information.

The Board of Directors of the company confirms that there are no significant undisclosed issues outstanding, pursuant to relevant regulations, nor is there any remaining undisclosed information that would materially impact the company’s stock price.

The Securities Times 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
18 Jul 2008


Source: www.cninfo.com.cn

Date: 18 Jul 2008

CN01/FL/SW/BT/KM