Stock Trading Suspended

The company is currently planning to place shares with Shenzhen China Technology Industry Group Co., Ltd., the controlling shareholder of the company, for the purchase of certain assets. This major asset acquisition will be audited and evaluated following this announcement. As there still exists uncertainty on the matter, trading in company shares will be suspended as of 24 Nov 2008.

Pursuant to relevant regulations, the company plans to convene a board of directors meeting to examine the major asset acquisition within 30 days, effective as of the date of this announcement. The company pledges that, if it fails to convene a board of directors meeting to examine the major asset acquisition within the 30 day time limit, the trading will thereafter resume on 24 Dec 2008 and no major asset restructuring scheme will be planned for the next three months following trading resumption.

Board of Directors
21 Nov 2008


Source: Shanghai Stock Exchange

Date: 24 Nov 2008

CN01/BJ/JL/VW/JW