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In accordance with the Notice on Matters Related to the Establishment of Yantai Wanhua Warrants by Securities Companies issued by Shanghai Stock Exchange, Everbright Securities Co., Ltd. has applied to Shanghai Stock Exchange for cancellation of Yantai Wanhua put warrants and has been approved. China Securities Depository and Clearing Co., Ltd. Shanghai Branch has gone through the corresponding registration procedures. The number of Yantai Wanhua put warrants that the Company was allowed to cancel this time was 1 million, and the terms of the warrants were identical to those of the original Yantai Wanhua put warrants (transaction code: Wanhua HXP1, transaction code: 580993, exercise code: 582993).
The effective date of the cancellation of Yantai Wanhua put warrants of the Company this time is May 26, 2006 (please log on Everbright Securities website www.ebscn.com for relevant information).
It is hereby announced.
Guangda negotiable securities limited company
May 25, 2006
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