The company's stock price reached its minimum intraday limit in three consecutive trading sessions on 27, 28 and 29 Oct 2008, thus constituting an unusual price movement.

Following verification with Henan Investment Group Co., Ltd., the company's largest shareholder, the board of directors confirms that, apart from the already disclosed information, there are no significant undisclosed issues, plans, negotiations, intentions or agreements outstanding, pursuant to relevant regulations, nor is there any remaining undisclosed information that might impact the company's stock price.

The Shanghai Securities News and the website of the Shanghai Stock Exchange (www.sse.com.cn) are the company's designated media for information disclosure, investors are advised to exercise caution when dealing in the company's shares.

Board of Directors
30 Oct 2008


Source: Shanghai Stock Exchange

Date: 30 Oct 2008

CN01/RP/JL/NK/KM