Capital Boost Scheme Approved

At the 11th Meeting of the 4th Board of Directors, held on 22 Sept 2008, the following proposals were examined and approved:

1. to boost registered capital of China Gezhouba Group Real Estate Development Co., Ltd. (CGGRED), a wholly-owned subsidiary of the company, by RMB 200 mln
The registered capital of CGGRED will be boosted to RMB 400 mln.

2. to restructure China Gezhouba Group Yichang Investigation & Design Co., Ltd. (CGGYID), a wholly-owned subsidiary of the company as a new branch of the company
Following the restructuring, CGGYID will be de-registered.

3. to establish a new wholly-owned subsidiary of the company, Gezhouba Hubei Project Management Co., Ltd. (GHPM), by consolidating Yichang Gezhouba Project Supervision Co., Ltd. and Hubei Zhongge Project Management Co., Ltd., two wholly-owned subsidiaries of the company
The registered capital of GHPM will be RMB 14 mln.

4. to establish the company's Three Gorges branch, cement branch and southwest China branch

Board of Directors
23 Sept 2008


Source: Shanghai Stock Exchange

Date: 23 Sept 2008

CN01/SS/DM/BT/KM