January 19, 2008, our company and the Paper Chemical Division of Myanmar Ministry of Industry signed contract to build and increase storage tanks and the sets of supporting pipelines in Myanmar. The construction period is expected 6 months. This project, as a follow-up project of Myanmar Hydrogen Peroxide Plant, will enhance its capacity of products storage, will further ensure smooth running of plant. March 10, our company received 100％ of the contract amount of letters of credit from Myanmar’s owners. The contract came into effect. At present, the project has entered the implementation stage.

The successful renewal of this project fully reflects the Myanmar Government＇s trust and acknowledgement in our company. At the same time, it showed that the company would continue to stand in firm and expand share in Myanmar market, is become ready for expanding other markets in Southeast Asia.