At the 3rd Meeting of the 5th Board of Directors, held on 27 Oct 2008, the following proposals were examined and approved:

1. the 3Q 2008 Report
2. to invest 150 mln with the company's raised funds into Aeroeast China Satellite Co., Ltd., a wholly-owned subsidiary, in accordance with progress in the construction of a new small satellite platform
3. to inject the company's ownership of the CAST968 platform system, an intangible asset worth RMB 110.31 mln, into Aeroeast China Satellite to promote research independence

Board of Directors
28 Oct 2008


Source: Shanghai Stock Exchange

Date: 28 Oct 2008

CN01/RP/JL/NK/KM