Chapter I  General Provisions Article 1 These Special Regulations are formulated in accordance with the Company Law, the Securities Law, administrative regulations, rules of competent authorities, and the Rules Governing the Listing of Stocks on Shenzhen Stock Exchange (hereinafter, Listing Rules) for the purpose of promoting the development of the companies listed on the SME Board (hereinafter, company) and protecting the legitimate rights and interests of investors.  

The Shenzhen Stock Exchange (SZSE) rolled out the XBRL information service platform for listed companies recently.  The platform, optimized and upgraded on the basis of the XBRL trial application website, was launched when listed companies started to unveil their annual reports for 2008.

The Shenzhen Stock Exchange (SZSE) held the 10th sponsor institutions joint meeting in Shenzhen on February 13, 2009.  In respect of new problems and new opportunities aroused from the breeding and sponsoring of small and medium-sized enterprise (SMEs) who plan to go public, the meeting aims to exchange experiences in breeding and sponsoring in a bid to push and raise the sponsoring quality and improve the quality control system and the continuing supervision mechanism.

A long time high foreign exchange reserves, in the fourth quarter of last year occurred in December 2003 the first decline since. This trend will continue into this year?

Chicago Board of Trade (CBOT) soybean January 13 to stabilize the market higher, which in March soybean futures rose 5.5 cents to close at 971.5 cents. Integrated foreign news January 13, the lido fundamentals support Tuesday (January 13) CBOT soybean futures closed higher market has stabilized, the trend from the previous fall.

January 12, Malaysia palm oil spot market prices, including delivery in January CPO Price hike of 65 ringgit / ton to 2,000 ringgit / ton.

Shenzhen stock exchang stock quotes 2009-01-15

small to medium-sized enterprise(SME) Board Data   2009-01-15

Shenzhen Stock exchange Market Overview   2009-01-14

The Shenzhen Stock Exchange (SZSE) unveiled trading suspension for holidays of 2009 pursuant to holiday announcement of the China Securities Regulatory Commission.

December 31, 2008                                                      Value    Change (±)*  Change (％)SSE Composite Index                     553.30  -893.72         -61.76SSE Component Index                   6485.51 -11215.11  -63.36SSE SME Price Index                      2863.99  -3383.57   -54.16

The comprehensive agreement transactions platform of the Shenzhen Stock Exchange (SZSE) is officially run today. The launch of the platform, which is based on block trading and mainly serves institutional investors, indicates that the SZSE is heading towards a multi-layered and diversified approach for its market liquidity service.

The Shenzhen Stock Exchange (SZSE) held the 3rd seminar on acquisitions and restructurings of listed companies recently in a bid to promote the standardized operation of acquisitions and restructurings in listed companies.  Participants discussed issues including practices and innovation of acquisitions and restructurings, industry policy and corporate acquisitions, financial issues involved in acquisitions and restructurings, law practices, risk and control in overseas investment and acquisitions, and acquisition loans.

The Company held the special meeting of the 6th directorate by way of communication on January 14, 2009, which discussed and agreed to provide RMB0.35 billion loan line for its subsidiary Hunan Xiwo Construction Development Co., Ltd. (with 80% shares controlled by the Company). The loan line will be used for project development and construction, with the annual interest rate being not lower than the interest rate of the bank loan in the same period.

The Company learnt that its largest shareholder Meidu Group Co., Ltd. (the Group, holding a total of 151,127,597 floating shares with sales limit in the Company, accounting for 43.92% of the Company's total issued shares) signed the "Contract on Equity Pledge" with Hangzhou Branch of Bank of Shanghai Co., Ltd. (Hangzhou Branch). The Group pledged its 20 million floating shares with sales limit in the Company to Hangzhou Branch. Relevant pledge procedures have been completed at Shanghai Branch of China Securities Depository and Clearing Corporation Limited, with the pledge term calculated since January 13, 2009.

The Company held the 32nd session of the 5th directorate meeting on January 14, 2009, which discussed and agreed that the Company's subsidiary Shanghai CoRun Venture Capital Co., Ltd. (Shanghai CoRun, with 80% equity controlled by the Company) plans to jointly establish Hangzhou Internet Venture Capital Co., Ltd. (temporary name) with Hangzhou Hi-Tech Venture Capital Co., Ltd. and Hangzhou Hi-Tech Venture Capital Management Co., Ltd., with the registered capital of RMB100 million. Thereinto, Shanghai CoRun contributes RMB75 million in cash, accounting for 75% of the total shares of the newly established company. Relevant agreement has not been signed yet.

As of December 31, 2008, in accordance with relevant resolution of its 4th special Shareholders' Meeting of 2006, the Company had totally paid RMB492,291,120 for purchasing one building (with the developer of Union Land Property Development Co., Ltd. [Union Land]) of Chaoyang Square project in Beijing.

The Company held the 1st special Shareholders' Meeting of 2009 on January 14, 2009, which discussed and approved the proposal of providing a guarantee for the loan applied for by its holding subsidiary

According to relevant notice jointly issued by the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Commerce and the State Administration of Taxation of the People's Republic of China on December 31, 2008, the Company was recognized as a "Key Software Enterprise within National Program and Overall Arrangement in 2008".

According to relevant requirements, if a key software enterprise doesn't enjoy the tax-free preference in the very year, the corporate income of it tax will be levied at the reduced rate of 10%. As the Company's corporate income tax was levied at the rate of 10% in 2007, the obtained recognition will not have any effect on the operation performance in 2008.  

To regulate the compilation and examination of the self-evaluation reports on internal control and the reports on the fulfillment of social responsibilities in annual reports by listed companies' directorates, the Listed Company Department of the Shanghai Stock Exchange (SSE), after researching with some listed companies, has formulated the format guideline for internal control reports, the compilation guideline for social responsibility reports as well as the working paper for listed companies' directors to examine the internal control reports and the social responsibility reports. Recently, the SSE has already issued the above guidelines and examination working paper to the listed companies in the form of memorandum on annual report.