At the 1st 2008 Extraordinary General Meeting of Shareholders, held on 10 Sept 2008, the following proposals were examined and approved:

1. related-party transactions for 2008
2. to revise the Articles of Association
3. to elect Zhao Shuming and Ye Yongfu as Independent Directors on the 5th Board of Directors with their terms of office effective from the meeting date until the end of the term of office of the board of directors

Guangfa Law Firm asserts that the convening and meeting procedures, qualifications of participants, proposals, voting procedures and resolutions of the 1st 2008 Extraordinary General Meeting of Shareholders were lawful, valid and in compliance with relevant regulations and the Articles of Association.

Board of Directors
10 Sept 2008


Source: Securities Times

Date: 11 Sept 2008

CN01/RL/JL/BT/KM