No Progress in Share Reform

As of the date of this announcement, there has been no new share reform scheme put forth by holders of non-tradable shares, thus there was no share reform scheme available for discussion. Consequently, the company does not foresee making any new announcements related to its share reform scheme within the next month.

The company has not signed any related agreements with sponsoring institutions. Investors are advised to exercise caution when dealing with the company's shares.

Board of Directors
5 Sept 2008


Source: Shanghai Stock Exchange

Date: 5 Sept 2008

CN01/SS/DM/BT/KM