As of 11 Sept 2008, the recipients of a restricted share incentive plan of the company had completed relevant registration procedures. Chairman of the Board of Directors Wang Shi and Yu Liang, president of the company, received 5,227,065 shares and 3,662,860 shares respectively, equal to 9.57% and 6.71% of total distributed shares in the incentive plan.

Accordingly, 54,609,696 shares were distributed and the remaining 6,837,674 shares, pursuant to relevant regulations, have been sold on the secondary market. The earnings from the sales will cover personal income taxes of the recipients among other things, with the remaining balance to be reimbursed to them in cash.

Board of Directors
13 Sept 2008


Source: Securities Times

Date: 13 Sept 2008

CN01/RL/JL/BT/KM