The recent increase in the closing price of the company's stock over three consecutive trading sessions on 10, 11 and 12 Nov 2008 represents a deviation of 20%, thus constituting an unusual price movement.

Following consultation, the company's shareholders, effective controller, board of directors and management team all confirm that there is no significant undisclosed information currently outstanding, including major asset restructuring, equity transfers or asset acquisitions, nor are any such issues planned for the next three months. The company is operating normally.

The board of directors also confirms that there are no significant undisclosed issues, plans, negotiations, intentions or agreements outstanding, pursuant to relevant regulations, nor is there any remaining undisclosed information that would materially impact the company's stock price.

The Shanghai Securities News, Securities Times 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
13 Nov 2008

Source: Shanghai Stock Exchange

Date: 13 Nov 2008

CN01/MZ/LZ/JE/KM