At the 3rd 2008 Extraordinary Meeting of the 6th Board of Directors, held on 28 Aug 2008, the following proposals were examined and approved:

1. to sell a 100% stake in Yuan Ping Antai Mining Co., Ltd, the company's subsidiary, to Hou Quanzhen and He Kegong for RMB 1.25 mln
2. to cancel a plan approved at the 3rd 2007 Meeting of the 5th Board of Directors to acquire Jiexiu Jiaqian Chemical Industry Co., Ltd., as the opinion of Jiexiu Jiaqian's shareholders are divided on the issue.

Board of Directors
1 Sept 2008


Source: Shanghai Stock Exchange

Date: 1 Sept 2008

CN01/CJ/JL/BT/KM