At the 12th Extraordinary Meeting of the 3rd Board of Directors, held on 18 Jul 2008, the following proposals were examined and approved:

1. a statement on the rectification of corporate governance and a proposal to revise the Management Measures on Information Disclosure
Detailed information pertaining to proposal 1 can be found on the website of Shanghai Stock Exchange (www.sse.com.cn) dated 23 Jul 2008.

2. to appoint Wu Zhiyong as deputy general manager of the company

Board of Directors
23 Jul 2008

Source: Shanghai Stock Exchange

Date: 23 Jul 2008

CN01/RL/DM/BT/KM