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Lonkey Industrial Co., Ltd. Board of Directors on April 3, 2008 e-mail sent to the twenty-ninth session of the board of directors meeting notice, and in April 16, 2008 in the company conference room convening the meeting. 7 directors should participate in the actual participation of the directors of seven people, or should participate in 100% of the number of directors, directors, Ms. Hui-Xia Lan director Mr. Chen Xiangzhi commissioned to attend the meeting and vote. Meeting chaired by the Chairman Mr. Chen Xiangzhi, all supervisors to attend this meeting. The meeting found the "Company Law" and other relevant laws, regulations, rules and the "articles of association" requirement, the number of people voting more than half of the total number of directors, a vote effective. The meeting discussed the formation of the following resolution: 1. Consider the adoption of "no longer on the Miss Liang Wanmei position as deputy general manager of the motion." (7 votes vote for the agreement, 0 votes against and 0 abstentions.) By Miss Liang Wanmei has reached the statutory retirement age, the Board agreed that Miss Liang Wanmei no longer serve as deputy general manager of the company's position. 2. Consideration by the company, "the annual report of the president in 2007 and 2008 business development plan"; (7 votes vote results agree, 0 votes against and 0 abstentions.) 3. Consideration by the company's "Board of Directors Report 2007"; (7 votes vote for the agreement, 0 votes against and 0 abstentions.) 4. Consideration by the company "significant accounting errors on the motion"; (7 votes vote results agree, 0 votes against and 0 abstentions.) The company this year according to the Guangzhou Chen Shui taxing firms April 29, 2007 issued by the final settlement of 2006 income tax audit reports and audit results of retrospective adjustment of the differences 1,102,884.89 per audit report, which adjust income tax expense increased in 2006 subjects and subjects 1,102,884.89 payable tax dollars, and then extract the corresponding offset against the statutory fund and any fund subject 110,288.49 dollars. Lead to reduction of 992,596.40 dollars in 2006 retained earnings, surplus reserves to reduce 110,288.49 dollars. The company's board of directors on these matters that the significant accounting errors is appropriate to help improve the company's accounting information quality, truly reflect the company's financial position. 5. Consideration by the company "on the 2007 opening balance sheet adjustments in the motion"; (7 votes vote for the agreement, 0 votes against and 0 abstentions.) Agreed to by the Company under the new accounting standards on the 2007 opening balance sheet adjustments, as follows: 6. Consideration by the company's "2007 financial statements"; (7 votes vote results agree, 0 votes against and 0 abstentions.) 7. Consideration by the company "2007 profit distribution plan"; (7 votes vote results agree, 0 v otes against and 0 abstentions.) 2007 the year the company's net profit attributable to parent company owners to 10,437,702.44 dollars, the company is 19,421,487.51 yuan beginning retained earnings available for distribution of profit 29,859,189.95 yuan, 10% extraction after the statutory fund 922,980.85 dollars, for distribution to shareholders profit 28,936,209.10 dollars. Research by the Board, in view of the company operating and capital operation will require substantial funding, in conjunction with the Company's actual situation and future development planning, is developing the company in 2007 profit distribution plan: this year not to distribute the profits, not the implementation of capital reserve capitalization. Independent directors has issued a separate opinion, that the company plans without making the distribution appear Jinli Run line, "Company Law" and "articles of association" provisions.