Grandall Legal Group asserts that the convening and meeting procedures, qualifications of participants, proposals, voting procedures and resolutions of the 2nd 2008 Extraordinary Meeting of Shareholders are lawful, valid and in compliance with relevant regulations and the Articles of Association of the company.

Grandall Legal Group
Lawyer: Wu Xiaobing

Source: Securities Times

Date: 26 Jul 2008

CN01/RL/MZ/WH/KM