As approved at the 16th Meeting of the 5th Board of Directors, the company will use up to RMB 500 mln in idle raised funds to supplement working capital for up to six months.

Utilizing the idle raised funds instead of borrowing money from banks is estimated to save the company approximately RMB 11 mln.

Board of Directors
29 Oct 2008


Source: Securities Times

Date: 29 Oct 2008

CN01/FL/JL/JE/KM