The board of directors confirms that, apart from the a trading suspension announcement and an announcement related to a power generation equipment purchase contract signed by the company's subsidiary, disclosed on 17, 21, 27 and 31 Oct 2008, there are no significant undisclosed issues, negotiations, plans, intents or agreements currently outstanding, pursuant to relevant regulations nor is there any remaining undisclosed information that would materially impact the company's stock price.

Following the announcement of the progress in the significant matter, the light sweet crude oil futures contracts settled at USD 63.22 per barrel, USD 62.73 per barrel and USD 67.5 per barrel on 27, 28 and 29 Oct 2008, respectively on the New York Stock Exchange.

The China Securities Journal, the Securities Times, the Hong Kong Wen Wei Po and the China Info website 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
31 Oct 2008


Source: Securities Times

Date: 31 Oct 2008

CN01/ZZ/SW/NK/KM