On 15 Jan 2009 at the 33rd meeting of the fifth Board of Directors, the following resolutions were resolved after discussion:

1. the proposal of repealing the resolution of "Investing to Establish a Trade Company", was approved at the 17th AGM;
   
2. the proposal to establish a wholly-owned trade company with its own capital of RMB 20 mln;
   
3. the proposal of repealing the resolution of "The company's wholly-owned subsidiary Inner Mongolia Huitong Energy Investment Co., Ltd (Inner Mongolia Huitong) investing to establish Inner Mongolia Zuozi Huitong Energy Investment Co., Ltd. (as the financing distribution proportion to the wind power project in the resolution is lower than the current standard)", was approved at the 17th AGM;
   
4. approve Inner Mongolia Huitong to invest in the establishment of Huitong New Energy Wind Power Co., Ltd in Zuozi County. The registered capital of the new company is RMB 186 mln, in which Inner Mongolia Huitong and the company will respectively invest RMB 176.7 mln and RMB 9.3 mln with their own funds, accounting for 95% and 5% of the company's total issued shares, respectively.

The Board has decided to hold the first Extraordinary General Meeting of Shareholders in 2009 on 4 Feb 2009, to discuss the above resolutions.

Source: Shanghai Stock Exchange

Date: 16 Jan 2009

CN01/JW/VW/JW