The recent fluctuation in the closing price of the company's stock over three consecutive trading sessions on 18, 19 and 22 Sept 2008 represents a deviation of 15%, which according to the Stock Listing Rules of the Shenzhen Stock Exchange, constitutes an unusual price movement.

Following consultation with Guangzhou Borong Investment Co., Ltd., the company's largest shareholder, Li Chengbi, its effective controller, and senior management, the company confirms that as of 22 Sept 2008, there is no undisclosed significant information outstanding. In addition, the company is operating normally.

The board of directors of the company confirms that there are no significant undisclosed issues outstanding, pursuant to relevant regulations, nor are there any related plans, negotiations, intentions or agreements that would materially impact the company's stock price or the prices of its derivatives.

The Securities Times and the China Info website (www.cnifo.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
23 Sept 2008


Source: Securities Times

Date: 23 Sept 2008

CN01/IS/LZ/BT/KM