The company's stock price reached its maximum intraday limit in three consecutive sessions 19, 22 and 23 Sept 2008, thus constituting an unusual price movement.

The board of directors and senior management of the company confirm that there are no significant issues outstanding that would materially impact the company's stock price. Following consultation, the largest shareholder of the company confirms that there are no undisclosed significant issues outstanding thus far, nor are there any foreseeable within the next two weeks that require disclosure.

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

The China Securities Journal, the Shanghai Securities News and the website of the Shanghai Sock 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
24 Sept 2008

Source: Shanghai Stock Exchange

Date: 24 Sept 2008

CN01/CJ/JL/BT/KM