Stock Hits Minimum Intraday Limit

The company's stock price reached its minimum intraday limit in three consecutive trading sessions on 31 Oct, 3 and 4 Nov 2008, thus constituting an unusual price movement.

According to a written reply from Sichuan Xiangfeng Enterprise Co., Ltd., the largest shareholder of the company, both Sichuan Xiangfeng and its controlling shareholder confirm that there are no significant undisclosed issues currently outstanding, including equity transfers, private placements, debt restructuring, business restructuring, asset stripping or asset injections, nor are any such issues planned for the next two weeks.

The board of directors confirms that there are no significant undisclosed issues, plans, negotiations, intentions or agreements outstanding, pursuant to relevant regulations, nor is there any remaining undisclosed information that would materially impact the company's stock price or its derivatives' prices.

The Shanghai Securities News and the website of the Shanghai Stock Exchange (www.sse.com.cn) 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
4 Nov 2008


Source: Shanghai Stock Exchange

Date: 5 Nov 2008

CN01/AX/MR/JE/KM