At the 3rd 2008 Extraordinary General Meeting of Shareholders, held on 9-10 Oct 2008, the following proposals were examined and approved:

1. to adjust the amount, price and use of funds to be raised from a planned private placement
2. to revise the Private Placement Subscription Agreement signed with Li Dongsheng

Board of Directors
10 Oct 2008


Source: Securities Times

Date: 11 Oct 2008

CN01/FL/JL/BT/MM