The recent increase in the closing price of the company's stock over three consecutive trading sessions on 15, 16 and 17 Oct 2008 represents a deviation of over 20%, thus constituting an unusual price movement.

Following consultation and a self-inspection, the company and its controlling shareholder both confirm that the company is operating normally and that there are no significant undisclosed issues, negotiations, intentions or agreements currently outstanding, pursuant to relevant regulations, nor are any such issues which would materially impact the company’s stock price or the prices of its derivatives planned for the next three months.

The Shanghai Securities News, the China Securities Journal, the Securities Times, the Hong Kong Commercial Newspapers 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 its shares.

Board of Directors
20 Oct 2008


Source: Shanghai Stock Exchange

Date: 20 Oct 2008

CN01/AX/MR/BT/KM