Independent Opinion on Working Capital Supplementary

As approved by the 16th Meeting of the 3rd Board of Directors, the company plans to use a maximum of RMB 15 mln in idle-raised funds to supplement the company's working capital for up to six months, effective 18 Aug 2008 to 17 Feb 2009. The company ensures that the implementation of the proposal will not effect the implementation of projects to be financed with raised funds.

Independent directors hold that the idle-raised funds used to supplement working capital will enhance the efficient use of raised funds and reduce financial costs without impacting projects to be financed with raised funds. Moreover, the directors hold that the plan is in line with the interests of all shareholders of the company.

Consequently, independent directors approve the board of directors to supplement working capital with idle-raised funds.

Independent directors: Peng Han, Shen Tiyan and Zhang Zhuo
18 Aug 2008


Source: Securities Times

Date: 18 Aug 2008

CN01/CJ/JL/BT/KM