In order to reinforce the decision-making functions of the board of directors, ensure effective supervision over senior managers and improve the corporate governance structure, the company has established the Audit Committee and formulated detailed working rules for it. The working rules are in compliance with the Company Law of the PRC, Corporate Governance Rules for Listed Companies, Articles of Association and other relevant regulations.

The Audit Committee is a special working department under the auspices of the board of directors, responsible for communicating with internal and external auditors as well as supervising and verifying auditing work.

Board of Directors
21 Oct 2008

Source: Securities Times

Date: 23 Oct 2008

CN01/DC/LZ/NK/KM