Unusual Price Movement

The company's stock price reached its minimum intraday limit in three consecutive trading sessions on 8, 11 and 12 Aug 2008, thus constituting an unusual price movement.

Following consultation, the company and the controlling shareholder of the company confirm that, there is no significant undisclosed information outstanding nor are there any major transactions, including but not limited to, stake transfer, private placement, debt reorganization, business reorganization, asset stripping or injection planned.

The board of directors of the company confirms that there are no significant undisclosed issues outstanding, pursuant to relevant regulations, nor is there any remaining undisclosed information that would materially impact the company's stock price.

The China Securities Journal, the Shanghai Securities News, the Securities Times and the website of the Shanghai Stock Exchange (www.sse.com.cn) are the company's designated media for information disclosure. Investors are advised to exercise caution when dealing in the company's shares.

Board of Directors
13 Aug 2008


Source: Shanghai Stock Exchange

Date: 13 Aug 2008

CN01/VW/DM/BT/KM