As of the date of this announcement, holders of restricted shares who had put forth a proposal for a share reform of the company have not reached the two-thirds majority threshold of holders of restricted shares votes as required by regulations. Consequently, the company cannot disclose any share reform schemes within the next month. The company has not signed any related contracts with sponsoring institutions. Investors are advised to exercise caution when trading in the shares of the company.

Board of Directors
1 Sept 2008


Source: Shanghai Stock Exchange

Date: 1 Sept 2008

CN01/CJ/JL/BT/KM