At the 2007 Annual General Meeting of Shareholders on 28 May 2008, the following proposals were examined and approved:

1. the 2007 Working Report of the Board of Directors
2. the 2007 Working Report of the Board of Supervisors
3. the 2007 Annual Report and its Abstract
4. the 2007 Final Accounting Report
5. the 2008 Financial Budget Report
6. the 2007 Profit Distribution Scheme
According to audit data provided by an accounting firm engaged by the company, the company’s net profit in 2007 was RMB 2,830,831,594.36. RMB 217,589,767.12 will be retained as surplus reserve. Deducting RMB 660,660,000 for a cash dividend paid for 2006 and along with RMB 3,124,438,547.34 of the undistributed profit at the beginning of 2007, a total of RMB 5,077,020,374.58 will be available for distribution to shareholders for 2007.
The company plans to issue a cash dividend of RMB 8.36 (tax included) for every 10 shares held on the basis of 943.80 million total issued shares. RMB 789,016,800 will be distributed and the remaining RMB 4,288,003,574.58 will be held in reserve for distribution in the following year.

7. to continue to engage Zhonghe Zhengxin Certified Public Accountants as the company’s auditors for 2008 with the auditing fee of RMB 750,000
8. a plan regarding annual remuneration of chairman of board of directors
9. to change use of certain previously-raised funds

Board of Directors
28 May 2008


Source: Shanghai Stock Exchange

Date: 29 May 2008

CN01/MZ/KM