The company's restricted shares pledged on 7 Aug 2007 by Yangpu Gaosheng Huibang Investment Co., Ltd. (YGHI), the second-largest shareholder of the company, to China Foreign Economic and Trade Trust & Investment Co., Ltd. (CFETTI) as collateral for a loan had increased to 41,493,724 shares from 27,662,483 shares. The modification was in line with the 2007 Profit Distribution and Stock Dividend Allotment Scheme.

As the guaranteed loan was repaid, procedures for releasing the aforementioned 41,493,724 shares were completed through the China Securities Depository and Clearing Corp., Ltd., Shanghai branch, on 6 Oct 2008.

As of 30 Sept 2008, YGHI held a total of 64,063,988 shares of the company, equal to a 10.64% stake, of which 20 mln shares or a 3.32% stake were pledged shares.

Board of Directors
9 Oct 2008


Source: Securities Times

Date: 9 Oct 2008

CN01/SS/MR/NK/KM