The recent decrease in the closing price of the company's stock over three consecutive trading sessions on 13, 14 and 15 Oct 2008 represents a deviation of 20%, thus constituting an unusual price movement.

Following consultation, the controlling shareholder and the effective controller of the company both confirm that there are no undisclosed issues outstanding.

The company, its controlling shareholder and effective controller confirm that there are no undisclosed issues outstanding, including negotiations, plans, intents or agreements, nor is there any remaining undisclosed information that would materially impact the company's stock price or the prices of its derivatives within the next three months.

The Shanghai Securities News, the China Securities Journal, 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.

Board of Directors
16 Oct 2008


Source: Shanghai Stock Exchange

Date: 16 Oct 2008

CN01/CW/SW/BT/KM