According to preliminary data, the company's net loss for 2008 is projected to be approximately RMB 70,000,000. Its net loss was RMB 79,704,300 and its loss per share was RMB 0.25 in 2007.

The net loss is mainly attributable to the decline in its export processing business, branded apparel marketing , and high costs.

Detailed figures pertaining to the company's financial status can be found in its 2008 Annual Report.

Board of Directors
27 Oct 2008


Source: Securities Times

Date: 28 Oct 2008

CN01/ZZ/SW/NK/KM