Sina Finance News Pangang Steel Vanadium (000629) Reminded that the exercise period of the warrant Steel Vanadium GFC1 (031002) ended on December 11 (Thursday). As of last Friday, Steel Vanadium Warrant was a negative premium relative to positive shares.

The following is the full text of the announcement:

　　 (000629, 031002, 038001, 125629) Pangang Steel Vanadium: "Steel Vanadium GFC1" warrant exercise announcement

1. The duration of the "Steel Vanadium GFC1" warrant is from December 12, 2006 to December 11, 2008.

2. According to the Interim Measures of Shenzhen Stock Exchange for the Administration of Warrants, the trading of warrants will be terminated five trading days before the expiration of the warrants. The last trading day of the "Steel Vanadium GFC1" warrant is December 4, 2008 (Thursday), and the trading will be terminated from December 5, 2008 (Friday).

3. The exercise period of the "Steel Vanadium GFC1" warrant is the last 10 trading days of the warrant duration, that is, the trading days from November 28, 2008 (Friday) to December 11, 2008 (Thursday), of which the exercise period from December 5, 2008 (Friday) to December 11, 2008 (Thursday) is non tradable.

4. The exercise price of the "Steel Vanadium GFC1" warrant is 3.266 yuan/share, and the exercise ratio after ex right and ex dividend adjustment is 1:1.209, that is, every investor holding a "Steel Vanadium GFC1" warrant has the right to purchase 1.209 shares of Pangang Steel Vanadium at a price of 3.266 yuan/share during the exercise period.