20% Stock Price Deviation

The recent decrease in the closing price of the company's shares over three consecutive trading sessions on 5, 6 and 7 Nov 2008 represents a deviation of 20%, thus constituting an unusual price movement.

Following consultation, Yunnan Metropolitan Construction Investment Co., Ltd., the company's controlling shareholder, confirms that there are no significant undisclosed plans involving major restructuring, equity transfers or private placements currently outstanding and that there are no such issues planned for the next three months that would impact the company's stock price.

The board of directors confirms that, the company is operating normally following the restructuring of its assets. There are no significant undisclosed plans, negotiations, intentions or agreements outstanding, pursuant to relevant regulations and there is no remaining undisclosed information that would materially impact the company's stock price or the prices of its derivatives.

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
10 Nov 2008


Source: Shanghai Stock Exchange

Date: 10 Nov 2008

CN01/RP/JL/JE/KM