RMB 15 Bln Bonds to be Issued

The company received a notice from the China Banking Regulatory Commission, stating that the company's public offering of up to RMB 15 bln worth of convertible bonds with detachable warrants was approved.

The period of validity of the aforementioned bonds is 10 years. Funds to be raised via the bond offering will be counted as supplementary capital according to relevant regulatory requirements.

Board of Directors
22 Sept 2008


Source: Shanghai Stock Exchange

Date: 22 Sept 2008

CN01/SC/LZ/BT/KM