Unusual Price Movement: 15% Stock Price Deviation

The recent change in the closing price of the company's shares over three consecutive trading sessions on 7, 8 and 9 Oct 2008 represents a deviation of 15%, thus constituting an unusual price movement.

Following consultation, Guangzhou Borong Investment Co., Ltd., the company's controlling shareholder, Li Chengbi, its effective controller, and its management team confirm that the company is operating normally and there is no significant undisclosed information.

In addition, the board of directors confirms that there are no significant undisclosed issues, negotiations, intentions or agreements outstanding, pursuant to relevant regulations, nor is there any remaining undisclosed information that would materially impact the company’s stock price.

The Securities Times and the China Info website (www.cninfo.com.cn) are the company's designated media for information disclosure. Investors are advised to exercise caution when dealing in shares of the company.

Board of Directors
10 Oct 2008


Source: Securities Times

Date: 10 Oct 2008

CN01/RL/MR/BT/KM