The recent decrease in the closing price of the company's shares in three consecutive trading sessions on 16, 17 and 18 Apr 2008 represents a deviation of 20% according to the Listing Rules of the Shanghai Stock Exchange, constituting unusual price movement.

The company's operations are progressing as normal and its main business is developing. The board of directors confirms that, except for information that has already been disclosed by the company, there are no other issues that should be disclosed in accordance with relevant regulations but that remain undisclosed, nor are there any related plans, negotiations, intent or agreements to be disclosed.

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

Board of Directors
18 Apr 2008


Source: Shanghai Securities News

Date: 21 Apr 2008

CN01/JC/BT/GB