At the recently held 13th Special Meeting of the 3rd Board of Directors, the Report on Rectification of Corporate Governance and a Self-inspection on the possible misappropriation of funds by major shareholders and its subsidiaries was examined and approved.

Detailed information related to the issue can be found on the website of the Shanghai Stock Exchange (www.sse.com.cn) dated 19 Jul 2008.

Board of Directors
19 Jul 2008

Source: Shanghai Stock Exchange

Date: 21 Jul 2008

CN01/VL/RZ/BT/WH