Tianjin Pulin will issue new shares, how to subscribe

Tianjin Pulin’s initial public offering of shares offline allotment and online pricing issuance announcement

1. Issue number: 50 million shares

2. Offline Quantity of allotment: 10 million shares, accounting for 20% of the scale of this issuance

3. Number of online issuance: 40 million shares, accounting for 80% of the scale of this issuance

Participation The number of entrusted subscriptions for a single securities account in this online issuance shall not be less than 500 shares, and the number exceeding 500 shares must be an integral multiple of 500 shares, but shall not exceed 40 million shares (the total number of shares in this online issuance). Each securities account can only subscribe once. Multiple subscription entrustments from the same account (including one subscription at different securities trading outlets), except for the first subscription, will be deemed invalid.

4. Offline placement time: 9:00 to 17:00 on April 23, 2007 and 9:00 to 15:00 on April 24, 2007

5. Online subscription time: 9:30 to 11:30 am, 13:00 to 15:00 pm on April 24, 2007

6. Issue price: 8.28 yuan/share, the price-earnings ratio corresponding to this issue price is:

22.28 times (earnings per share is calculated based on the lower of the 2006 net profit before and after deducting non-recurring gains and losses, which is audited by an accounting firm in accordance with Chinese accounting standards) divided by the total number of shares before this issuance ).

29.87 times (earnings per share are calculated based on the lower of the 2006 net profit before and after deducting non-recurring gains and losses, which is audited by an accounting firm in accordance with Chinese accounting standards, divided by the total number of shares after this issuance).

7. Subscription code: 002134

8. Subscription abbreviation: Tianjin Pulin

9. Estimated stock listing date: May 16, 2007

Important dates for this issuance

Trading date issuance schedule

T-4 The "Summary of the Prospectus" and "Preliminary Inquiry and Promotion" will be published on April 18 Announcement";

Start preliminary inquiry to inquiry objects and start pre-roadshow

T-2 April 20 is the deadline for preliminary inquiry to inquiry objects, and pre-roadshow ends. Determine the issuance price

Publish the "Online Road Show Announcement" on April 21

T-1 Publish the "Preliminary Inquiry Results and Pricing Announcement", "Offline and Online Issuance" on April 23 Announcement";

Start date for offline subscription and payment, online roadshow

T April 24, deadline for offline subscription and payment, online subscription date

T 1 Offline subscription funds will be verified on April 25

T 2 The "Offline Allotment Results Announcement" will be published on April 26; Offline subscription funds will be refunded,

Online Capital Verification of Subscription Funds

T 3 The "Online Winning Rate Announcement" will be published on April 27; lottery draw

T 4 The "Online Winning Results Announcement" will be published on April 30; Online Subscription Funds Unfreeze

Note: If major emergencies affect this issuance, the sponsor (lead underwriter) will make a timely announcement to modify the issuance schedule.