Holders of non-tradable shares of the company who have put forth a proposal for a share reform implementation have reached the 2/3 majority threshold required by relevant rules and regulations.

The company has not retained a sponsoring institution for its prospective share reform and further, will not be in a position to disclose any share reform scheme within the next week.

Investors are advised to exercise caution when dealing in the company's shares.

Board of Directors
10 Oct 2008


Source: Shanghai Stock Exchange

Date: 13 Oct 2008

CN01/IS/LZ/BT/KM