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 Sina Finance

Announcement of Guoyuan Securities on Cancellation of Youngor Call Warrants

http://www.sina.com.cn 05:18, April 4, 2007 Panorama Network - Securities Times

In accordance with the Notice on Matters Related to the Establishment of Youngor Warrants by Securities Companies issued by Shanghai Stock Exchange, Guoyuan Securities Co., Ltd. applied to Shanghai Stock Exchange for cancellation Youngor The warrant has been approved and China Securities Depository and Clearing Corporation Limited Shanghai Branch has gone through the corresponding registration procedures. The number of Youngor warrants approved to be cancelled by the Company this time is 2 million. The terms of the warrants are the same as those of the original Youngor warrants (warrant transaction code: 580006, warrant transaction abbreviation: Yago QCB1 , exercise code of the warrant: 582006, short form of exercise of the warrant: ES070521).

The effective date of the cancellation of Youngor warrant of the Company is April 4, 2007. (Relevant information has been disclosed on the company's website, please log in Guoyuan

negotiable securities Www.gyzq.com.cn)

It is hereby announced.

Guoyuan Securities Co., Ltd

April 4, 2007

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