CSRC Approves A-share Private Placement

According to an approval received on 15 Aug 2008 from the China Securities Regulatory Commission (CSRC), the company's scheme to place A-shares with Shougang Company, National Electricity Grid Co. and Deutsche Bank AG has been examined and approved. The approval will be effective for a six-month period, effective 15 Aug 2008.

Board of Directors
18 Aug 2008


Source: Shanghai Stock Exchange

Date: 18 Aug 2008

CN01/SS/DM/BT/MM