At 17th Meeting of the 5th Board of Directors, held on 17 Jul 2008, the following proposals were examined and approved:

1. the Report on Rectification of Corporate Governance, of which details can be found on the website of the Shanghai Stock Exchange (www.sse.com.cn) dated 19 Jul 2008

2. management measures to prevent the possible misappropriation of funds by related parties

Board of Directors
19 Jul 2008

Source: Shanghai Stock exchange

Date: 21 Jul 2008

CN01/NW/LZ/BT/WH