Trading to be Suspended as of 4 Nov 2008

The company is currently planning a major asset restructuring scheme. As there still exists a degree of uncertainty with regards to the matter, trading in shares of the company will be suspended as of 4 Nov 2008 in order to protect the interests of shareholders and to avoid an unusual price movement.

Pursuant to relevant regulations, the company plans to convene a meeting of the board of directors to examine the major asset restructuring scheme within 30 days, effective as of the date of this announcement. The company pledges that, if it fails to convene a meeting of the board of directors to examine the major asset restructuring scheme within the above-mentioned time limit, the trading will resume on 4 Dec 2008 and no major asset restructuring scheme will be planned for the next three months following the resumption of trading.

Pursuant to relevant regulations of the Shenzhen Stock Exchange, progress in the matter will be announced on a weekly basis.

Board of Directors
4 Nov 2008


Source: Securities Times

Date: 30 Oct 2008

CN01/BJ/JL/JE/KM