The company's non-tradable shareholders are currently discussing a relaunch of its share reform procedures. On 11 Jun 2008, the company retained Guo Hai Securities Co., Ltd. as its sponsoring institution and Wang Xu as the sponsor representative for its share reform.

The board of directors is urging holders of non-tradable shares to reach an agreement within the prescribed time period as well as detail plans to relaunch its share reform.

Board of Directors
17 Oct 2008


Source: Securities Times

Date: 20 Oct 2008

CN01/BJ/JL/NK/KM