Projected Net Profit Growth from Asset Transfer

Pursuant to an approval notice from the 5th Extraordinary General Meeting of Shareholders, the company plans to sell Tianjin Difu Market Operation Management Co., Ltd. to three buyers, COF, III and SRL, which have obtained approval from relevant government authorities and an application related to the above-mentioned issues was examined and approved by Administrative Commission of Tianjin Economic-Technological Development Area. Meanwhile, a scheme to boost the company's registered capital from RMB 20 mln to RMB 328 mln has also been approved.

As of the date of this announcement, relevant after-sale work related to the matter is currently ongoing. Benefiting from RMB 200 mln in net profit projected to be earned from the asset sale, the company's net profit for 1H 2008 is estimated to increase by between 50% and 100% compared to its net profit of RMB 113,341,400 during the same period in 2007.

Board of Directors
14 Aug 2008


Source: Shanghai Stock Exchange

Date: 14 Aug 2008

CN01/SS/DM/BT/KM