OCEANWIDE CONSTRUCTION GROUP CO., LTD. (000046)

Possible Funds Misappropriation Report Approved

At the 9th Extraordinary Meeting of the 6th Board of Directors, held on 25 Jul 2008, a self-inspection report on the possible misappropriation of funds by major shareholders and related parties was examined and approved.

Following the self-inspection, the company confirms that since 2006, no non-operating funds have been misappropriated by the company's major shareholders or related parties, and no funds have been misappropriated through unfair related-party transactions.

Board of Directors
1 Aug 2008


Source: Securities Times

Date: 1 Aug 2008

CN01/SC/LZ/BT/KM

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