At the 10th Extraordinary Meeting of the 3rd Board of Directors, held on 5 Sept 2008, the following proposals were examined and approved:

1. to extend both a RMB 99.6 mln working capital loan and a RMB 70 mln import-export trade financing with China Construction Bank, Fuzhou Chengnan sub-branch
2. to extend RMB 30 mln and RMB 42.5 mln working capital loans respectively with Fuzhou City Commercial Bank, Yangqiao sub-branch and Industrial and Commercial Bank of China, Fuzhou Wuyi sub-branch
3. to extend both a RMB 9 mln working capital loan and a RMB 25 mln import-export trade financing with Bank of China, Fuzhou Majiang sub-branch
4. to guarantee RMB 8 mln in trade financing with Bank of China, Fuzhou Majiang sub-branch, for Fujian Furi Technology Co., Ltd., in which the company holds a 55% stake, and to guarantee a RMB 21 mln bank acceptance bill with Majiang sub-branch, for Fujian Furi Development Co., Ltd., a subsidiary of the company

As of 31 Aug 2008, the balance of guarantees provided by the company totals RMB 94.6 mln and USD 960,000, of which the balance of guarantees provided by the company for its subsidiaries totals RMB 84.6 mln and USD 960,000.

5. to sign an equity transfer agreement with Fujian Overseas Chinese Investment (Holdings) Company on 5 Sept 2008

The company will sell 9 mln shares in Guotai Junan Securities Co., Ltd., accounting for 0.15% of total shares outstanding of Guotai Junan (the company holds a total of 39,759,524 shares of Guotai Junan, equal to a 0.65% stake), to Fujian Overseas for RMB 99.81 mln.

Fujian Electronic Information (Group) Co., Ltd., the company's effective controller, will provide a joint liability guarantee on the aforementioned agreement, including refunding of share transfer and changes in share registration.

Board of Directors
8 Sept 2008


Source: Shanghai Stock Exchange

Date: 10 Sept 2008

CN01/IS/LZ/BT/KM