As of the date of this announcement, holders of non-tradable shares of the company who have put forth a share reform scheme have not met the 2/3 majority threshold required by relevant rules. The company has not retained any sponsoring institution for its share reform.

The company will not be in a position to disclose any share reform scheme within the next week. Investors are advised to exercise caution when dealing in the company's shares.

Board of Directors
28 Jul 2008


Source: Shanghai Stock Exchange

Date: 28 Jul 2008

CN01/SC/LZ/BT/MM