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.
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