Global Market Report Excerpt January 15, 2009

Daily Report of TX Investment ---

January 15, 2009 By TX Investment Analysis Department

1. Commentary on Macro-economy & Market

Global Economic News

Daily News of Bond Market

Daily News of International Market

Daily Market Review & Prospect

National Development and Reform Commission to Down-regulate Product Oil Price

Release & Holdings Reduction of Restricted Shares: Four Companies Announced to Reduce Holdings
Again

2. Comments on Industries and Companies

National Development and Reform Commission Slightly Lowered Maximum Retail Price of Petrol and Diesel

Revival Plan Adjustment of Steel & Automobile Industries Difficult to Solve “Close Concerns” of Steel Sector

Jiangsu Chinese Online Logistics (000805): Issues Suggestive Announcement of Shareholders’ Meeting

China Unicom (600050): Proposal of Acquiring Business & Assets of China United Telecommunications
Corp. and China Network Communications Group Approved at Shareholders’ Meeting

Westone Information Industry (002268): Authorized as Key Software Enterprise of National Layout

TCL Corporation (000100): The Company Union Reduced 5% Holdings Accumulatively

TCL Corporation (000100): Plans to Increase Rmb67.5mn Investment in Its Subsidiary

Xianyang Pianzhuan (000697): Chi Weihuai Resigned as President & General Manager

Yunnan Nantian Electronics Information (000948): Authorized as Key Software Enterprise of 2008 National
Layout
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Hundsun Technologies (600570): Authorized as Key Software Enterprise of 2008 National Layout

Sinoma International Engineering (600970): Contract Reserves Cut by Rmb1.18bn

Hisense Kelon Electrical Holdings (000921): 2008 Predicted to Turn Loss into Gain, with Net Profit of
Rmb845mn

Shenzhen Yuanwanggu Information Technology Joint Stock (002161): 2008 Net Profit Predicted to Increase
by less than 20%

China Southern Airlines (600029): Predicted to Suffer Loss in 2008

Sichuan Hushan Electronic (000801): Proposal on Further Discussion of Non-public Shares Issuance to
Certain Objects Approved at Board of Directors

Xinjiang Tianye (600075): 2008 Net Profit Forecasted to Fall by Over 50% YoY

Changchun FAWAY Automobile Components (600742): 2008 Earning Projected to Grow by 250%-350%

Haitong Securities (600837): Net Profit Attributable to Parent in 2008 Forecasted to Decline by 39.51% YoY,
Slightly Better than Expectation

Jilin Yatai (600881): On Progress of Jilin Tonghua Special Cement Group Restructuring

China North Optical-Electrical Technology (600435): Successfully Transformed, with 2008 EPS of Rmb0.75

3. Excerpts of TX Latest Reports

Rally of Money Supply Indicated Bottoming Out of Industrial Enterprises’ Liquidity

Import & Export Kept Worsening

American Trading Surplus Substantially Narrowed, Being the Lowest since November 2003 --- Global
Market News – January 14, 2009

Three American Indexes Performed Mixed; Segments of Finance & Energy Increased --- Global News &
Information

Daily Report of TX Macro-finance & Real Estate Industry --- January 14, 2009

Daily Report of TX Machinery & Metal --- January 14, 2009

Daily Report of TX Consumer Goods Industry --- January 14 2009

Daily News of TX Energy & Infrastructure Industries --- January 14, 2009

Daily News of TX IT Industry --- January 14, 2009

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Disclaimer
This material is for information purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any
security in any jurisdiction. The information included herein has been compiled by TX Investment Consulting (“TX”) from sources that it
believes to be reliable, but no presentation or guarantee is made or given by TX or any other person as to its accuracy, completeness or
timeliness.

All opinions and estimates expressed are entirely those of TX as of the date appearing on this material only and are subject to change
without notice. Neither TX nor its analysts accept any liability whatsoever for any direct or consequential loss arising from any use of
this material or otherwise arising in connection therewith.

This material is strictly confidential to the recipient. No part of this material may be redistributed, reproduced, or published by any
person for any purpose without prior permission in writing from TX. All rights are reserved.

Investment Rating System

Performance of stock or sector relative to TX Free-float Index over next 6 months after research publications

Rating Remark
1 Buy Relative performance over TX Free-float Index >15%

2 Overweight Relative performance over TX Free-float Index 5% ~ 15%

3 Neutral Relative performance over TX Free-float Index -5% ~ 5%

4 Underweight Relative performance over TX Free-float Index -5% ~ -15%

5 Sell Relative performance over TX Free-float Index <-15%

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