Trading Suspension as of 23 Oct 2008

证券时报

The recent increase in the closing price of the company's stock over two consecutive trading sessions on 21 and 22 Oct 2008 represents a deviation of 20%, thus constituting an unusual price movement.

On 22 Oct 2008, the company consulted both Foshan Plastic Industry-trade Group Co., Ltd., the controlling shareholder of the company, and the state-owned Assets Supervision and Administration Commission of Foshan City, the effective controller of the company, on whether there are any share transfers, asset restructuring or other significant issues planned for the company.

As of the date of this announcement, no reply is available. Trading in shares of the company will be suspended as of 23 Oct 2008, pending outcome of the matter.

Board of Directors
23 Oct 2008

CN01/SS/MR/JE/KM