Minimum Intraday Limit Reached

The company's stock price reached its minimum intraday limit in three consecutive trading sessions on 16, 17 and 20 Oct 2008, thus constituting an unusual price movement.

Following consultation, both Sichuan Xiangfeng Corporation Co., Ltd., the largest shareholder of the company, and the controlling shareholder confirmed that there are no significant undisclosed issues outstanding, nor are there any issues planned for the next two weeks, including equity transfers, private placement, major debt restructuring, business restructuring, asset striping or asset injections.

The board of directors confirms that there are no significant undisclosed issues or related plans, 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 Shanghai Securities News 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
20 Oct 2008


Source: Shanghai Stock Exchange

Date: 21 Oct 2008

CN01/NZ/RL/JE/KM