The company's stock price reached its 5% minimum intraday limit in three consecutive trading sessions on 11, 12 and 17 Sept 2008, thus constituting an unusual price movement.

Following consultation with the company's largest shareholder, Guangzhou Borong Investment Co., Ltd., and its effective controller, Li Chengbi, the board of directors confirms that there are no significant undisclosed issues, negotiations, plans, intentions or agreements that would materially impact the company's stock price.

The Securities Times and the China Info website (www.cninfo.com.cn) are the company's designated media for information disclosure. Investors are advised to exercise caution when dealing in the company's shares.

Board of Directors
18 Sept 2008


Source: Securities Times

Date: 18 Sept 2008

CN01/BJ/JL/BT/MM