2 New JVs to be Established with RMB 10.6 Mln

At the 10th Meeting of the 4th Board of Directors, held on 8 Sept the following proposals were examined and approved:

1. to co-found Gezhouba (Thailand) Co., Ltd. with Zhu Dongru, general manager of China Gezhouba Group International Engineering Co., Ltd., Southeast Asia branch, Lu Jinhai and Zheng Meimei
The registered capital of the new subsidiary will be THB 3 mln, equal to RMB 615,900, of which THB 1.44 mln will be borne by the company, in return for a 48% stake.
2. Engineering Company Ltd. of China Gezhouba Water & Power (Group) Co., Ltd., a wholly-owned subsidiary of the company, to establish a wholly-owned subsidiary, Gezhouba Inner Mongolia Wind Power Equipment Co., Ltd.
The new subsidiary, with a registered capital of RMB 10 mln, will invest in a RMB 48 mln wind turbine tower manufacturing project, via its own funds and bank loans.

Board of Directors
10 Sept 2008


Source: Shanghai Stock Exchange

Date: 10 Sept 2008

CN01/SS/DM/BT/KM