The stock price of the company reached its maximum intraday limit in three consecutive trading sessions on 12 to 17 Dec 2008, thus constituting an unusual price movement.

After consultation with the controlling shareholder of the company, the senior managers confirms that, apart from the disclosed information, as of the date of this announcement, there are no significant undisclosed issues, plans, negotiations, intentions or outstanding agreements, pursuant to relevant regulations, nor are there any other events planned for the next two weeks that would materially impact the company's stock price or the prices of its derivatives.

Beihai Intermediate People's Court of Guangxi Autonomous Region had approved the application of company restructuring on 27 Nov 2008. The company stock trading will be suspended from 29 Dec 2008, the company will apply for resumption of trading after restructuring plan approved by the court. During the suspension of trading, there will be risk of suspension or termination of listing for the reasons of relevant regulations.

The China Securities Journal, the Shanghai Securities News and the Shanghai Stock Exchange website (www.sse.com.cn) are the company's designated media for information disclosure. Investors are advised to exercise caution when dealing in the company's shares.

Board of Directors
22 Dec 2008

Source: Shanghai Stock Exchange

Date: 22 Dec 2008

CN01/JW/VW/JW