Pursuant to the approval of the National Association of Financial Market Institutional Investors, the company plans to publicly issue RMB 900 mln, 365-day bonds with a face value of RMB 100 to the inter-bank market. China Construction Bank and China Mingshen Bank will jointly underwrite the bonds. Interest on the bonds will commence from 22 July, and the cashing in will be made in one payment including principal and interest. The funds to be raised will be used to purchase raw materials and support facilities for the company's production and operations.


Source: Securities Times

Date: 11 Jul2008

CN01/BG/MZ/AR/WH