Pursuant to resolutions of the 1st Extraordinary General Meeting of Shareholders, held on 14 Sept 2007, the company plans to issue corporate bonds with a total value of RMB 4.5 bln with a RMB 100 par value for 2008, of which RMB 3 bln will be five-year secured bonds and RMB 1.5 bln will be five-year unsecured bonds.

Secured bonds of RMB 300 mln, RMB 300 mln and RMB 2.4 bln will be issued to holders of A-shares of the company respectively, via online preemptive allotment, online public issuance and conventional issuance.

Unsecured bonds of RMB 225 mln, RMB 375 mln and RMB 900 mln will be issued to holders of A-shares of the company respectively, via online preemptive allotment, online public issuance and conventional issuance.

Other information:
Online preemptive allotment date: 5 Sept 2008
Online public issuance dates: 5 Sept 2008 to 8 Sept 2008
Conventional issuance dates: 5 Sept 2008 to 9 Sept 2008

Board of Directors
2 Sept 2008


Source: Shanghai Stock Exchange

Date: 2 Sept 2008

CN01/IS/LZ/BT/KM