The recent increase in the company's closing stock price over three consecutive trading sessions on 20, 21 and 24 Nov 2008 represents a deviation of 20%, thus constituting an unusual price movement.

The company is currently trading under normal operation. Following consultation with Beijing Shunyi Dalong Urban, the company's controlling shareholder, and an internal review, the company confirms that there is no significant undisclosed information currently outstanding.

Both the company and its controlling shareholder confirm that there are no significant undisclosed issues, plans, negotiations, intentions or agreements outstanding, pursuant to relevant regulations, nor is there any remaining undisclosed issues planned for the next three months that may materially impact the company's stock price or the prices of its derivatives.

Board of Directors
25 Nov 2008

Source: Shanghai Stock Exchange

Date: 25 Nov 2008