On 27 Aug 2008, the company signed an asset transfer agreement with Shanghai Datao Precision Technology Co., Ltd., its largest shareholder with a 49% stake, to acquire a 21,355.96 sq. meter warehouse property located in Kangqiao, Shanghai for RMB 148.43 mln, based on the assessed value of the warehouse as of 31 Jul 2008.

Board of Directors
29 Aug 2008

Source: Shanghai Stock Exchange

Date: 29 Aug 2008

CN01/NW/DM/BT/KM