Bad Debts to be Written off

At the 1st Extraordinary General Meeting of Shareholders, held on 9 Sept 2008, the following proposals were examined and approved:

1. to revise the Articles of Association
2. to write off certain bad debts

Board of Directors
10 Sept 2008


Source: Shanghai Stock Exchange

Date: 10 Sept 2008

CN01/VW/DM/BT/KM