According to a notice issued by the China Securities Regulatory Commission regarding the exemption of Resort Property International Ltd., Ocean Garden Holding Ltd., Zhejiang Jiulongshan International Travel Development Co., Ltd. and Pinghu Mozhihua Industrial Co., Ltd. from their tender offer obligations to purchase shares in the company, the company released its Acquisition Report on the website of the Shanghai Stock Exchange (www.sse.com.cn) on 18 Sept 2008.

Following the acquisition, the company's effective controller Li Qinfu holds a 66.41% stake in the company via the above-mentioned four companies.

Board of Directors
17 Sept 2008


Source: Shanghai Stock Exchange

Date: 18 Sept 2008

CN01/ZZ/SW/BT/KM