As of 6 Nov 2008, the increase in the closing price of the company’s stock over three consecutive trading sessions represented a deviation of 20%, thus constituting an unusual price movement.

Following verification, the company's major shareholder, effective controller and the board of directors confirm that except information disclosed on 7 Nov 2008, there are are no significant undisclosed issues that would materially impact the company's stock price, such as stake transfers, acquisitions, major restructuring, injections, negotiations, intents or agreements currently outstanding, nor are there any such issues planned for the next three months. In addition, it is confirmed that the company and its subsidiaries are operating normally.

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
7 Nov 2008


Source: Shanghai Stock Exchange

Date: 7 Nov 2008

CN01/CJ/JL/JE/KM