CSRC Approves Shareholder's Acquisition Report

According to a notice received on 31 Oct 2008 from Zhejiang International Trade Group Co., Ltd., the China Securities Regulatory Commission has approved the acquisition report of Zhejiang International Trade and exempted it from a tender offer obligation triggered by the acquisition. This will boost Zhejiang International Trade's holdings in the company to 224,623,054 shares, accounting for 44.44% of total shares outstanding.

Board of Directors
3 Nov 2008


Source: Shanghai Stock Exchange

Date: 3 Nov 2008

CN01/CJ/JL/NK/KM