The company received a notice from China Aerospace Science & Industry Corp., the company's controlling shareholder, stating that an abstract of an acquisition report related to adjustments in the company's equity has been completed.

Detailed information pertaining to the report can be found on the website of the Shanghai Stock Exchange (www.sse.com.cn) dated 29 Jul 2008.

Board of Directors
29 Jul 2008

Source: Shanghai Stock Exchange

Date: 29 Jul 2008

CN01/JZ/MZ/BT/KM