At the 4th 2008 Extraordinary General Meeting of Shareholders, held on 29 Oct 2008, proposals related to the issuance of bonds, including size, maturity, issuing method, interest and payments, placement with shareholders, use of funds raised, listing, debt redemption measures, prospectus validity and authorization issues were examined and approved.

Legal Opinion:
Beijing Wanshang Tianqin Law Firm asserts that the convening and meeting procedures, qualifications of both the convener and participants, voting procedures and resolutions of the 4th 2008 Extraordinary General Meeting of Shareholders are lawful, valid and in compliance with the Company Law of the PRC, the Securities Law of the PRC, the Rules for General Meetings of Shareholders of Listed Companies, the Shenzhen Stock Exchange Implementing Rules on Online Voting at Listed Company Shareholder Meetings and the Articles of Association.

Beijing Wanshang Tianqin Law Firm
Lawyer: Hu Gang

Board of Directors

Date: 29 Oct 2008


Source: Securities Times

Date: 30 Oct 2008

CN01/DC/LZ/NK/MM