Corporate Governance Rectification Report Approved

On 26 Nov 2008 at the third Meeting of the fourth Board of Directors, the following proposals were reviewed and approved:

1. a corporate governance rectification report
2. the revised Articles of Association
3. the revised Rules of Procedures for the General Meetings of Shareholders of the company
4. the revised Rules of Procedures for the Board of Directors
5. the Rules for Independent Directors
6. the Internal Audit System
7. the revised Management Rules for the Use of Raised Funds
8. a remuneration distribution plan for directors, supervisors and senior management for 2008
9. to convene the second 2008 Extraordinary General Meeting of Shareholders, at which Proposals 2, 3, 4, 7 and 8 will be examined and considered for approval

Detailed information for the above mentioned proposals can be found on the China Info website (www.cninfo.com.cn).

Board of Directors
26 Nov 2008


Source: Securities Times

Date: 27 Nov 2008

CN01/RP/JL/JW/JW