At the 17th Extraordinary Meeting of the 3rd Board of Directors, held on 23 Oct 2008, the following proposals were examined and approved:

1. the 3Q 2008 Report
2. to replace Huang Danyun with Jiang Yuan as the company's compliance officer upon Huang's resignation

Board of Directors
25 Oct 2008


Source: Shanghai Stock Exchange

Date: 27 Oct 2008

CN01/BJ/JL/NK/KM