At the 2007 Extraordinary Meeting of Shareholders held on 27 May 2008 at 1:30 pm through onsite voting and from 26 to 27 May 2008 through online voting, the following proposals were examined and approved:

1. a proposal regarding the company’s qualification for private placement
2. to purchase assets through a private placement
3. to sign an agreement attached with conditions with Fujian Sunshine Group Co. Ltd, Fujian Dongfang Investment Guaranty Co. Ltd and Fuzhou Kangjia Real Estate Development Co. Ltd regarding assets purchased through private placement
4. to request a shareholders meeting to grant Fujian Sunshine Group Co. Ltd and its proxy a waiver of tender offer obligation triggered by the private placement
5. to apply to the shareholders meeting for an authorization to the board of directors of the company regarding assets purchased through private placement

Board of Directors
28 May 2008

Source: www.cninfo.com.cn

Date: 28 May 2008

CN01/DM/MM/KM