Back-Door Listing Of Gouhai Securities

Guangzhou Liangbenqing Supermarket Co., Ltd., a subsidiary of the company's wholly-owned subsidiary, Guangxi Matsumotoqing Cosmetics Chain Store Co., Ltd., received notice from Guohai Securities Co., Ltd., that it plans to conduct a back-door listing through Guilin Jiqi Pharmaceutical Co., Ltd. (GJP) via asset swap and statutory merger.

Detailed information regarding the back-door listing can be found in GIP's disclosed announcements, dated 24 Nov 2008. In addition, the company will disclose related information pertaining to progress of the issue in a timely manner.

To date, Guangzhou Liangbenqing Supermarket holds a RMB 17,259,116 worth of equity in Guohai Securities, accounting for 2.16% of Guohai Securities' registered capital. Investors are advised to exercise caution when dealing in the company's shares.

Board of Directors
24 Nov 2008


Source: Securities Times

Date: 24 Nov 2008

CN01/RP/JL/VW/JW