Li Xingyu Elected Director

At the 2nd 2008 Extraordinary General Meeting of Shareholders, held on 29 Oct 2008, a proposal to elect Li Xingyu as a member of the 3rd Board of Directors was examined and approved.

Legal Opinion on the 2nd 2008 EGM:

Heberi Jihua Law Firm asserts that the convening and meeting procedures, qualifications of both the convenor and participants, voting procedures and resolutions of the 2nd 2008 Extraordinary General Meeting of Shareholders were lawful, valid and in line with the Company Law of the PRC, Rules for General Meetings of Shareholders of Listed Companies and the Articles of Association.

Heberi Jihua Law Firm
Lawyer: Ma Yuebin

Date: 29 Oct 2008


Source: Securities Times

Date: 30 Oct 2008

CN01/DC/LZ/NK/KM