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Circular of Shenzhen Stock Exchange on Releasing the Listing Rules of Shenzhen Stock Exchange (Revised in 2008)

Promulgation date 09-05-2008 Promulgator Effectiveness Category Shenzhen Stock Exchange Effective Effective region Document no Effective date NATIONAL 2008-10-01 Securities ( Securities & Futures Law->Securities )

Circular of Shenzhen Stock Exchange on Releasing the Listing Rules of Shenzhen Stock Exchange (Revised in 2008)

September 5, 2008

All listed companies and sponsors,

The Listing Rules of Shenzhen Stock Exchange (Revised in 2008) (Hereinafter referred to as Listing Rules) have been approved by the China Securities

Regulatory Commission and are hereby issued, and they shall come into force as of October 1, 2008. Both the Listing Rules of Shenzhen Stock Exchange (Revised in 2006) and the Supplementary Circular on Relevant Issues

Revelant to the Share Distribution of Listed Companies in the Listing Rules of Shenzhen Stock Exchange shall be annulled simultaneously.

For the purpose of guaranteeing the successful implementation of the Listing Rules, relevant issues are hereby notified as follows:

Article 1 Up to now, where a listed company is under the situation where the controlling shareholders and other associated party possess the listed

company's funds in a non-operation way or provide guarantee for outsiders in violation of stipulated procedures and such situation is expected unable to be dissolved prior to December 31, 2008, the company shall release a risk

indication announcement within five (5) business days after the effectiveness of the Listing Rules, specifying that if the company is still unable to solve such problems prior to December 31, 2008, its shares shall be otherwise specially disposed; as of the effectiveness of the Listing Rules, where the controlling shareholders of a listed company and other associated party possess the listed company's funds in a non-operation way or provide guarantee for

outsiders in violation of Regulated procedures and such situation are material, the trading of its shares and derivatives shall be suspended on the day when the relevant information is announced. As of the resuming of trading, the shares of such company shall be otherwise specially disposed.

Article 2 Where a listed company whose bankruptcy application has been accepted by court or who has entered into the procedure of bankruptcy and

reorganization or conciliation, the board of directors shall release an

indication announcement within five (5) business days upon effectiveness of the Listing Rules, fully revealing the potential risk of termination of share listing.

Article 3 Where the term of a daily affiliated transaction agreement between a listed company and its associated party is more than three (3) years,

corresponding deliberation procedures shall be re-executed and information disclosure obligation re-performed prior to December 31, 2008 in accordance with Article 10.2.13 of the Listing Rules.

Article 4 Current directors, supervisors and top management of listed companies shall re-execute the Declaration and Undertaking of Directors (Supervisors/Top Management) (the form of which can be downloaded from the Channel of Listed Companies Business Special of our Exchange) and submit the same to our Exchange prior to December 31, 2008. It is hereby notified as such.

Appendix: Listing Rules of Shenzhen Stock Exchange (Revised in 2008)

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