According to a notice received on 7 Aug 2008 from Xingning Youyi Investment Development Co., Ltd., the second-largest shareholder of the company, 3,428,999 shares of the company, equal to a 1.003% stake, previously held by Youyi Investment, were sold through the trading system of the Shanghai Stock Exchange between 26 Jun 2008, when the shares became tradable, and closing on 7 Aug 2008.

As of 7 Aug 2008, Youyi Investment held 21,874,071 shares of the company, equal to a 6.4% stake, of which there are 8,215,740 restricted shares and 13,658,331 tradable shares.

Board of Directors
7 Aug 2008

Source: Shanghai Stock Exchange

Date: 11 Aug 2008

CN01/NW/DM/BT/KM