At the 12th Meeting of the 5th Board of Directors, held on 22 Aug 2008, the following proposals were examined and approved:

1. the 2008 Semiannual Report and its Abstract
2. a scheme regarding the 1H 2008 profit distribution and the allocation of stock dividends from the company's capital reserve
For every 10 shares held, the company plans to pay a cash dividend of RMB 0.20 (taxes included), to allocate a stock dividend of 3 shares from its capital reserve and allot 1.5 bonus shares, based on 529,525,944 total shares outstanding.

Proposal 2 must be submitted to a general meeting of shareholders for examination and consideration for approval.

Board of Directors
25 Aug 2008


Source: Shanghai Stock Exchange

Date: 25 Aug 2008

CN01/CJ/JL/BT/KM