RMB 459.5 Mln Lines of Credit Guaranteed

According to resolutions proposed at the 5th Meeting of the 5th Board of Directors, held on 17 Oct 2008, the company will provide one-year irreversible joint liability guarantees on the following lines of credit for its subsidiaries totaling approximately RMB 459.54 mln:

1. lines of credit with Shenzhen Development Bank totaling RMB 80 mln for Shenzhen Nanbo Display Component Sci & Tech Co., Ltd., RMB 100 mln for Shenzhen Nanbo Welllight Conductive Coating Co., Ltd., RMB 70 mln for Shenzhen Nanbo Float Glass Co., Ltd. and RMB 80 mln for Guangzhou Nanbo Glass Co., Ltd.
2. a USD 7 mln line of credit with Standard Chartered Bank for Guangzhou Nanbo Glass Co., Ltd.
3. a USD 12 mln line of credit with Nanyang Commercial Bank for Guangzhou Nanbo Glass. (two-year guarantee)

To date, the company has provided RMB 903.65 mln in loan guarantees for its subsidiaries.

Board of Directors
21 Oct 2008


Source: Securities Times

Date: 21 Oct 2008

CN01/FL/JL/JE/KM