On 25 Jul 2006, Guangdong Ifirst Group Co., Ltd. purchased 34,473,011 shares in the company, equal to a 25.2% stake, from Zhejiang Shangfeng Industry Group Co., Ltd. and Midea Group Co., Ltd., becoming the company's largest shareholder, as well as its controlling shareholder.

As of 1 Sept 2008, Guangdong Ifirst holds 82,505,836 shares in the company, equal to a 40.21% stake.

Guangdong Ifirst recently notified the company that its new name of Guangdong Ifirst Investments Holding Group Co., Ltd. was approved by registration authorities on 1 Sept 2008.

Board of Directors
19 Sept 2008


Source: Securities Times

Date: 19 Sept 2008

CN01/ZZ/SW/BT/MM