Assets Expected to Be Injected into Company

On 7 July 2008, the Shanghai Composite Index and Shenzhen Stock Index rebounded, thawing out government policies. A large majority of individual stocks surged and as a result, turnover increased rapidly. Industries that had experienced excessive slumps, including the banking, real estate and automobile industries posed strong gains. Beijing Jingxi Tourism Development Co., Ltd. closed at its intraday maximum limit and the stock price of China Television Media Co., Ltd. increased drastically. On the whole, investor confidence is recovering following the recent hikes in bank stocks.

The company announced that it plans to conduct a private placement to China Datang (Group) Corporation, the controlling shareholder of the company. Meanwhile, it plans to use cash to acquire a stake in Datang Yantan Hydropower Co., Ltd. held by China Datang, following which, its profitability is expected to improve greatly.

As of the date of this announcement, the stock-price target of the company is approximately RMB 7.00 per share. Due to a strong increase in turnover volume, the stock is expected to rebound. Investors are advised to pay close attention to it.


Source: Shanghai Securities News

Date: 8 Jul 2008

CN01/BG/RZ/AR