The recent increase in the closing price of the company's shares over three consecutive trading sessions on 25 Sept, 26 Sept, 6 Oct, 2008 represents a deviation of 15%, thus constituting an unusual price movement.

Following a self-inspection and consultation with Shangdong Commercial Group General Corporation, the controlling shareholder of the company, the company confirms that there are no significant undisclosed issues outstanding.

The board of directors confirms that there are no significant undisclosed issues, negotiations, plans, intentions or agreement outstanding pursuant to relevant regulations, nor is there any remaining undisclosed issues that could materially impact the company's stock price.

The China Securities Journal, the Shanghai Securities News, and the website of the Shanghai Stock 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.

Shangdong Wanjie High-tech Co., Ltd.
06 Oct 2008

Source: Shanghai Stock Exchange

Date: 07 Oct 2008

CN01/NZ/DM/BT/KM