According to a notice from Wuhan Iron and Steel (Group) Co., Ltd., the controlling shareholder of the company, on 10 Sept 2008, Wuhan Group purchased 1,640,700 shares of the company, equal to a 0.02% stake via the secondary market. Following the purchase, Wuhan Group currently holds 5,003,713,532 shares of the company, equal to a 63.84% stake.

As of the date of this announcement, Wuhan Group plans to buy up to 2% of the company's total shares outstanding (including the aforementioned purchase) from the secondary market within 12 months and pledged not to sell the company's shares during this period.

Board of Directors
11 Sept 2008


Source: Shanghai Stock Exchange

Date: 11 Sept 2008

CN01/BJ/JL/BT/KM