20% Stock Price Deviation

The recent decrease in the closing price of the company’s stock over three consecutive trading sessions on 30, 31 Oct 2008 and 3 Nov 2008 represents a deviation of 20%, thus constituting an unusual price movement.

Following verification, the board of directors confirms that there are no significant issues outstanding that would materially impact the company's stock price. The company and its subsidiaries are operating normally. Following consultation, the company's major shareholders commit to continue to purchase shares in the company.

The board of directors also confirms that apart from the above-mentioned issues, there are neither significant undisclosed issues that might materially impact the company's stock price or the prices of its derivatives, pursuant to relevant regulations, nor is there any remaining undisclosed information that would influence investors in their decision-making process.

The China Securities Journal, 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: 4 Nov 2008

CN01/TW/RL/NK/KM