Stock Hits Min Intraday Limit

The company's stock price reached its minimum intra-day limit in three consecutive trading sessions on 27, 28 and 29 Oct 2008, thus constituting an unusual price movement.

On 24 Oct 2008, the company disclosed its 3Q 2008 Report and its net profit projection for 2008.

Following verification, the company, its controlling shareholder, effective controller and the board of directors confirm that, other than the aforementioned information, there are no other significant undisclosed issues outstanding, nor are there any remaining undisclosed issues, including plans, negotiations, intentions, or agreements that might materially impact on the company's stock price foreseeable.

The China Securities Journal, the Securities Times and the Wen Wei Po in Hong Kong 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
30 Oct 2008


Source: Shanghai Stock Exchange

Date: 30 Oct 2008

CN01/FL/JL/NK/KM