The board of directors asserts that the qualifications of the nominee, Ren Lihua, for the position of independent director are in compliance with relevant laws and regulations and the Articles of Association of the company. The nominee has no immediate relatives holding any position in the company or its affiliates, or interests related to the company or its affiliates that may exert an adverse impact on her independence as an independent director during her term of office.

Board of Directors
1 Sept 2008

Source: Securities Times

Date: 2 Sept 2008

CN01/VL/LZ/BT/KM