On 20 Jun 2008, pursuant to resolutions of the 20th Meeting of the 4th Board of Directors and the 2007 Annual General Meeting of Shareholders, the company signed an asset transfer agreement with Chongqing Weichai Engine Plant (Chongqing Weichai) to acquire medium-speed diesel engines from Chongqing Weichai.

On 25 Sept 2008, pursuant to relevant regulations, the company and Chongqing Weichai signed an asset transfer agreement to replace the former agreement signed on 25 Sept 2008, with a total transfer price of RMB 142,609,900.

The agreement will be effective upon approval by the State-owned Assets Supervision and Administration Commission.

Board of Directors
25 Sept 2008


Source: Securities Times

Date: 26 Sept 2008

CN01/VW/DM/BT/KM