Guarantee Proposal Approved

At the 3rd 2008 Extraordinary General Meeting of Shareholders, held on 22 Sept 2008, a proposal was examined and approved to provide a loan guarantee for Jiangxi Transformer Science and Technology Co., Ltd., a related party of the company.

Board of Directors
23 Sept 2008


Source: Shanghai Stock Exchange

Date: 23 Sept 2008

CN01/SS/DM/KM