Stock Hits Min Intraday Limit

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 consultation, it is confirmed that there are no corrections or supplementations to previously disclosed information, that the company disclosed its 3Q Report on time on 30 Oct 2008, and that both the company and its controlling shareholder are operating normally.

The board of directors confirms that there are no significant undisclosed issues, plans, negotiations, intentions or agreements outstanding, pursuant to relevant regulations, nor is there any remaining undisclosed information that would materially impact the company's stock price or the prices of its derivatives.

The Shanghai Securities News, the Securities Times and the website of 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
29 Oct 2008


Source: Shanghai Stock Exchange

Date: 30 Oct 2008

CN01/NS/MR/NK/KM