At the 2nd 2008 Extraordinary General Meeting of Shareholders, held on 22 Oct 2008, the following proposals were examined and approved:

1. to apply for additional bank loans
2. to apply to Yunnan Urban Construction Investment Co., Ltd. for a RMB 200 mln loan

Board of Directors
23 Oct 2008


Source: Shanghai Stock Exchange

Date: 23 Oct 2008

CN01/RP/JL/JE/KM