On 18 Jul 2008, the company received Xing Long's resignation from his position as director and senior manager of the company, which took effect upon receipt by the board in accordance with relevant regulations.

The company will nominate appropriate candidates as directors and senior managers and submit the proposal to a meeting of the board of directors and a general meeting of shareholders for examination and approval.

Board of Directors
22 Jul 2008

Source: Shanghai Stock Exchange

Date: 24 Jul 2008

CN01/SS/DM/BT/KM