On 13 Jun 2008, according to a notice from Fujian Sunshine Group Co. Ltd, the company's largest shareholder, procedures for releasing 27,072,440 restricted shares in the company, equal to a 28.45% stake, which had been pledged to the Bank of Communications, Fuzhou branch, were completed with China Securities Depository and Clearing Corporation Limited, Shenzhen branch.

Meanwhile, on 13 Jun 2008, 15,072,440 restricted shares, a 15.84% stake, and 12 million restricted shares, a 12.61% stake, all held by Fujian Sunshine Group, were re-pledged to the bank to guarantee separate loans that had been sought by Fujian Sunshine Group for use as operating capital. The pledge periods for both loans are from 13 Jun 2008 to 13 Jun 2009.

As of the date of this announcement, Fujian Sunshine Group, which holds 30,254,488 restricted shares, equal to a 31.79% stake in the company, has pledged a total of 27,072,440 restricted shares of the company, a 28.45% stake.

Board of Directors
18 Jun 2008


Source: Securities Times

Date: 18 Jun 2008

CN01/JC/AR/MM