Stock Hits Minimum Intraday Limit

The company's stock price reached its minimum intraday limit in three consecutive trading sessions on 30, 31 Oct and 3 Nov 2008, thus constituting an unusual price movement.

Following consultation, Xining Guoxin Investment Holding Co., Ltd. the company's controlling shareholder, entered into negotiations with the company on a major asset restructuring within the company.

The Shanghai Securities News, the Securities Times 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/NS/MR/JE/KM