At the 4th 2008 Extraordinary 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 apply for a total of RMB 540 mln in a lines of credit with certain banks

The company plans to apply for a RMB 60 mln with China Minsheng Bank, Chengdu branch and a RMB 50 mln line of credit with Industrial and Commercial Bank of China, Jinniu branch. Both the transactions were guaranteed with real estate in Tu Qiao factory as collateral.

The company plans to apply for a RMB 30 mln, RMB 30 mln and RMB 60 mln line of credit with China Merchants Bank, Yu Shuanglu branch, China Merchants Bank, Middle Renmin Road branch and Shenzhen Development Bank, Chengdu branch, respectively.

The company plans to apply for a RMB 160 mln line of credit with China Everbright Bank, Babao branch, guaranteed with land use rights of Niu Wang Temple Street as collateral.

To apply for a RMB 150 mln line of credit with China Construction Bank, Xinhua branch, guaranteed with the land use rights of Pixian Ecological Park as collateral.

Board of Directors
29 Oct 2008

Source: Shanghai Stock Exchange

Date: 31 Oct 2008

CN01/CW/SW/NK/KM