According to preliminary data released by its financial department, the company is projected to suffer a loss for 2008, while its net loss in 2007 was RMB 155,105,208.

Detailed figures pertaining to the company's financial status will be disclosed in its 2008 Annual Report. If the company continues to suffer losses, it could be delisted, in compliance with relevant regulations.

Board of Directors
23 Oct 2008


Source: Shanghai Stock Exchange

Date: 23 Oct 2008

CN01/RP/JL/JE/KM