24 mln restricted shares of the company, equal to a 8.38% stake, will become tradable on 10 Nov 2007.

The company has placed 24 mln restricted shares to seven recipients and raised RMB 267.95 mln, after placement expenses. The action was approved at the 1st Extraordinary Meeting of the 3rd Board of Directors on 4 Apr 2007, the 1st 2007 Extraordinary General Meeting of Shareholders on 9 May 2007, and the Public Offering Review Committee (PORC) of the CSRC on 3 Sept 2007. On 31 Oct 2007, procedures for registration and lock up of the newly-placed shares were completed with the China Securities Depository and Clearing Co., Ltd., Shenzhen branch. On 5 Nov 2007, the 24 mln newly-placed shares were listed on the Shenzhen Stock Exchange.

Pursuant to the Administrative Measures for the Issuance of Securities by Listed Companies, the lock-up period on the restricted shares is 12 months. Thus, the 24 mln restricted shares will be tradable on 5 Nov 2008.

Board of Directors
6 Nov 2008


Source: Securities Times

Date: 7 Nov 2008

CN01/NW/DM/NK/KM