At the 24th Meeting of the 3rd Board of Directors and the 17th Meeting of the 3rd Board of Supervisors, both held on 28 Oct 2008, the following proposals were examined and approved:

1. general elections of the board of directors and the board of supervisors
2. the 3Q 2008 Report
3. to revise the Articles of Association
4. to issue 15-year mixed capital bonds and 5-year subordinated bonds in the inter-bank bond market, both bond issues will have a total worth of no more than RMB 10 bln
5. to apply for RMB 1.1 bln one-year credit line with the First Sino Bank
6. to sign and implement an overall cooperation agreement with Shanghai International Trust Co., Ltd.
7. to retain Ernst &Young Hua Ming Certified Public Accountants as the company's local auditors
8. to convene the 1st 2008 Extraordinary General Meeting of Shareholders on 20 Nov 2008, at which the above-mentioned proposals will be examined and considered for approval

Board of Directors and Board of Supervisors
30 Oct 2008


Source: Shanghai Stock Exchange

Date: 30 Oct 2008

CN01/CJ/JL/JE/KM