At the 10th meeting of the 6th Board of Directors and the 6th meeting of the 6th Board of Supervisors on 8 Jan 2009, with the following resolutions were agreed after discussion:

1. the proposal of resignation of the current Board of Directors, Supervisors and senior management.
   
2. the proposal of advancing the election of the new term of Board of Directors and Supervisors.
   
3. the proposal of appointing Xu Dong Fen as General Manager, Jiang Guo Dong as Board Secretary cum CFO, and Li Lu as Representative of Securities Affairs.
   
4. the proposal of planning to change the Chinese name of the company to Lushang Real Co., Ltd.
   
5. the proposal of planning to increase registered capital from RMB536,250,000 to RMB1,000,968,000.
   
6. the proposal of changing the business scope of the company.
   
7. the proposal of changing the registered address to Shandong Province Boshan Economic Development Zone, and changing the office address to Silver Digital Plaza, No.178 Shanda Road, Jinan City, Shandong Province.
   
8. the proposal of amending the Articles of Association.

The Board has decided to hold the 1st Extraordinary General Meeting of Shareholders in 2009 in the morning of 24 Jan 2009, to discuss the above resolution.

Source: Shanghai Stock Exchange

Date: 9 Jan 2008

CN01/JW/VW/JW