At the 14th Meeting of the 5th Board of Directors, held on 29 Oct 2008, the following proposals were examined and approved:

1. the 3Q 2008 Report
2. to change the registered capital to RMB 767,812,619 for 238,286,675 total shares outstanding,
Following the implementation of the 1H 2008 Profit and Stock Dividends Distribution Scheme, the shares will be tradable.

3. to change the registered address to Room 608, Hubei Baofeng Mansion, No. 1054 South Baoan Road, Luohu District, Shenzhen City
4. to issue five-year corporate bonds worth up to RMB 400 mln within 18 months upon approval by the general meeting of shareholders

The board of directors plan to convene the 3rd 2008 Extraordinary General Meeting of Shareholders on 17 Nov 2008, at which the aforementioned proposals will be examined for approval.

Board of Directors
29 Oct 2008


Source: Shanghai Stock Exchange

Date: 30 Oct 2008

CN01/BJ/JL/NK/KM