At the 4th Meeting of the 4th Board of Directors, held on 28 Oct 2008, the following proposals were examined and approved:

1. the 3Q 2008 Report
2. to replace Ren Xugui and Zhou Xuming with Meng Keqin and Wang Jie as general manager and compliance officer, respectively
3. to acquire 1% equity in Beijing Public Transportation Advertisement Co., Ltd., a subsidiary of the company in which the company holds a 99% stake, from Beijing Guoan Advertisement Corp., Ltd.
Following the purchase, the company will hold 100% equity interest in Public Transportation Advertisement and will transform it into a branch of the company.
Further information pertaining to the matter will be disclosed in a timely manner as it becomes available.

Board of Directors
28 Oct 2008


Source: Shanghai Stock Exchange

Date: 30 Oct 2008

CN01/BJ/JL/NK/KM