RMB 46 mln of the company's RMB 100 mln loan with China Great Wall Asset Management Corporation, has been repaid, and RMB 54 mln remains due. To assure a sustainable flow of cash and so that the company may continue to operate normally, the company applied for a loan extension with China Great Wall Asset Management and consequently was granted a half-year extension on a RMB 54 mln loan at an interest rate of 6.84%, effective 29 Sept 2008 to 28 Mar 2009.

Board of Directors
4 Nov 2008


Source: Securities Times

Date: 5 Nov 2008

CN01/DC/LZ/JE/KM