At the 6th Meeting of the 6th Board of Directors, held on 24 Oct 2008, the following proposals were examined and approved:

1. the 3Q 2008 Report

2. for Leshan Mojiang Coal-Electric Co., Ltd., a subsidiary, to implement the Hongyuanjing Dongyi Xiashan Yanshen Technical Reform Project by investing a total of RMB 29.1 mln
The project will be implemented in two phases and the total investment in the first phase is projected to be RMB 13.43 mln.

3. to replace previously-pledged assets with Agricultural Bank of China, Leshan branch

In 2005, the company applied for a RMB 25 mln-maximum loan with Leshan branch by pledging RMB 84.1 mln worth of assets from the company's Emeishan branch as collateral.

Due to the expiration of the aforementioned loan, the bank approved the replacement of previously-pledged assets with RMB 44.53 mln worth of assets from Leshan Jinzugang Electric Station Development, a wholly-owned subsidiary, as collateral. The aforementioned issue must be submitted to a general meeting of shareholders for examination and approval.

Board of Directors
28 Oct 2008


Source: Shanghai Stock Exchange

Date: 28 Oct 2008

CN01/AX/VW/MR/NK/KM