On 20 Nov 2008, the company received a notice from the People's Intermediate Court of Yangjiang City, Guangdong Province, stating the following civil ruling on a business contract dispute between Shenzhen Nanfang Fulin Industry Co., Ltd. and Guangzhou Fodak Group Co., Ltd., the second-largest shareholder with a 10％ stake in the company:

1. to release the freeze on 20,676,432 restricted shares of the company, currently held by Guangzhou Fodak, the party subject to enforcement
   
2. to reimburse the company's debt to Guangzhou Fodak with funds raised via the sales of the aforementioned shares by China Jianyin Investment Securities Co., Ltd., Shenzhen Science & Technology Park branch, on the stock exchange.
   
3. to maintain the freeze on 51,488,331 shares of the company, currently held by Guangzhou Fodak, and corresponding bonus shares, stock dividends and shares from rights issue, for two addition years

Board of Directors
22 Nov 2008


Source: Securities Times

Date: 22 Nov 2008

CN01/AX/MR