The company's stock price reached its maximum intraday limit in three consecutive trading sessions on 10, 11 and 12 Nov 2008, thus constituting an unusual price movement.

Following consultation with the company's management and the controlling shareholder, the board of directors confirms that there are no significant undisclosed issues outstanding.

The board of directors also confirms that there are no significant undisclosed issues, negotiations, plans, intents or agreements outstanding, pursuant to relevant regulations, nor are any such issues that might materially impact the company's stock price planned for the next two weeks.

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
12 Nov 2008


Source: Shanghai Stock Exchange

Date: 13 Nov 2008

CN01/ZZ/RL/NK/KM