According to preliminary data, the company's net loss for 2008 is estimated to be between RMB 3.5 mln and RMB 3.8 mln, while its net loss in 2007 was RMB 3.67 mln and EPS were RMB 0.06.

As the company still has no core business, its performance in 2008 is similar to that in 2007.

Due to the fact that the company has suffered losses over two consecutive years in 2006 and 2007, the company's shares will be delisted should it continue to suffer losses in 2008.

Board of Directors
28 Oct 2008


Source: Securities Times

Date: 28 Oct 2008

CN01/ZZ/SW/JE/KM