HEILONGJIANG PROVINCE MUDANJIANG NEW MATERIALS TECHNOLOGY CO., LTD (600173)

Restricted Share Release Arrangements

Holders of restricted shares, with a lock-up period of twelve months as prescribed in a corporate share reform, are advised to take note of the following:

Companies that have paid consideration shares on their own in the share reform, have the option to file for the release of their restricted shares with the company prior to 24 Sept 2008. Relevant original documents are required following confirmation of their respective copies. Documents include an application signed by a corporate legal person and stamped with the company seal, a business license stamped with the company seal and the Shareholder's Accounts. The company will forward the applications to relevant regulators.

Companies that had the controlling shareholder of the company pay consideration shares on their behalf in the share reform, are advised to contact the company prior to 24 Sept 2008 to reimbursed the controlling shareholder, in order to apply for the release of their restricted shares with the company. In the event that the aforementioned companies miss the deadline and fail to reimburse the said funds, they will be held accountable, meanwhile the company and its controlling shareholder will be relieved of any accountability.

Board of Directors
17 Sept 2008


Source: Shanghai Stock Exchange

Date: 17 Sept 2008

CN01/FL/SW/BT/KM


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