On 1 July 2008, the Shanghai Stock Exchange (SSE) issued its Implementing Rules for Disciplinary Measures (the “Implementing Rules”), which took effect that day.

The Implementing Rules stipulate the scope, mechanism, procedures and organisational structures for disciplinary measures adopted by the SSE and are intended to reinforce SSE’s self-regulatory functions, improve the impartiality of disciplinary measures and refine the self-regulatory organisational framework.

The revised scope of the Implementing Rules includes an avenue for public criticism of SSE and listed firms, including their directors and officers. The Rules also provide for temporary halts and the restriction of securities transactions by SSE personnel, including the cancellation of their rights to carry out transactions.

For more information please visit http://www.sse.com.cn/cs/zhs/xxfw/flgz/rules/sserules/sseruler20080701a.htm