RMB 40 Mln to Repenlish Working Capital

Pursuant to resolutions ratified at the 13th Meeting of the 3rd Board of Directors, held on 5 Nov 2008, the company will temporarily utilize RMB 40 mln in idle raised funds to supplement its working capital for up to six months, from 22 Nov 2008 to 21 May 2009.

The supervisors of the board and China Merchants Securities Co., Ltd., the sponsoring institution of the company, have approved the proposal. However, the proposal is subject to approval of the 4th 2008 Extraordinary General Meeting of Shareholders.

Board of Directors
6 Nov 2008


Source: Securities Times

Date: 6 Nov 2008

CN01/FL/JL/JE/KM