Unusual Price Movement

The company's stock price reached its minimum intraday limit over three consecutive trading sessions on 16, 17 and 18 Sept 2008, thus constituting an unusual price movement.

Following consultation, it has been confirmed by Sichuan Xiangfeng Co., Ltd., the largest shareholder of the company, that there are no significant undisclosed matters outstanding, including equity transfer, private placement, debt restructuring, business restructuring, asset stripping or asset injection, nor are any such issues foreseeable within the next two weeks.

In addition, the board of directors confirms that there are no significant undisclosed issues or related plans, negotiations, intentions or agreements outstanding, pursuant to relevant regulations, nor is there any remaining undisclosed information that would materially impact the company's stock price.

The Shanghai Securities News and the website of the Shanghai Stock Exchange (www.sse.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
19 Sept 2008


Source: Shanghai Stock Exchange

Date: 19 Sept 2008

CN01/FL/SW/BT/KM