1st 2008 EGM on 5 Nov 2008

The company plans to convene its 1st 2008 Extraordinary General Meeting of Shareholders on 5 Nov 2008 at 9:30 am in a conference room on the second floor of the company's headquarters, at which the following proposals will be examined and considered for approval:

1. to continue to provide cross-guarantees for Nanning Chemical Group Co., Ltd. and Nanning Chemical Industry Co., Ltd.
2. to guarantee a loan for Nanning Natural Paper Industry Co., Ltd., a subsidiary of the company

Details pertaining to the proposals can be found in the China Securities Journal, the Securities Times and on the China Info website (www.cninfo.com.cn), dated 28 May 2008 and 16 Oct 2008 respectively.

Shareholders of record on 31 Oct 2008 or their proxies, as well as directors, supervisors, senior managers, lawyers and sponsor representatives of the company are entitled to attend the meeting.

Registration information:

Date: 4 Nov 2008
Times: 8:00 am - 11:00 am and 3:00 pm - 5:30 pm
Venue: the Securities Department of the company
Tel: 0771-4914317
Fax: 0771-4910755
Postal code: 530031
Contact persons: Pang Yan and Lei Huanwen

Board of Directors
15 Oct 2008


Source: Securities Times

Date: 16 Oct 2008

CN01/RL/MR/BT/KM