The company's stock price reached its maximum intraday limit in three consecutive trading sessions on 17, 20 and 21 Oct 2008, thus constituting an unusual price movement.

The company confirms that other than the information already disclosed, there is no undisclosed information pertaining to major asset restructuring or private placement outstanding.

Following consultation, China Yaohua Glass Group Co., Ltd., the company's controlling shareholder, confirms that there are no significant undisclosed issues outstanding, including private placements, debt restructuring or capital injections.

The board of directors confirms that there are no undisclosed issues outstanding, including negotiations, plans, intentions or agreements, nor is there any remaining undisclosed information that might materially impact the company's stock price foreseeable within the next two weeks.

The China Securities Journal, 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
21 Oct 2008


Source: Shanghai Stock Exchange

Date: 22 Oct 2008

CN01/SC/RL/JE/KM