Industry Report Excerpt January 13, 2009

Daily Report of TX Machinery & Metal

Industry --- January 13, 2009 By TX Machinery & Metal Group

We provide you with the up-to-date information of machinery, automobile, electric equipment, iron & steel,
non-ferrous metal sectors & companies as well as relative comments. Meanwhile, you will also get
information on industrial performances and valuations of the key companies. In today’s report, you will read:

1. China Plans to Close Down 6mn ton Backward Steel Capacity in 2009

2. Steel Reinvigoration Plan to Be Discussed on Wednesday

3. Tibet Mineral Development (000762): On Abnormal Fluctuation of Stock Trading

4. Western Mining (601168): Promoter or Shareholder Goldman Reduced Shares

5. China Non-ferrous Metal Industry's Foreign Engineering and Construction (000758): On Progress of
Acquiring Guodian Building

6. Zhejiang Hailiang (002203): 73.08mn or 18.27% Restricted Shares to Be Circulated from January 16,
2009

7. Tibet Summit Industry (600338): Overdue Loans Affair Sees Favorable Turn

8. Keda Industrial (600499): Returns Rmb30mn Raised Fund with Liquidity

9. Weihai Guangtai Airport Equipment (002111): On Down-revision of 2008 Earnings Forecast

10. Tongling Trinity Technology (600520): Authorized as High-tech Enterprise Together with Its
Wholly-owned Subsidiary

11. Zhejiang Jinggong Science & Technology (002006): On Decision of the First Interim General Meeting of
Shareholders in 2009

12. Anhui Xingma Automobile (600375): Authorized as High-tech Enterprise

13. DongGuan Fangda Renewable Resources Industry (600656): Some Workshops of Its Subsidiary
Closed Down for Rectification

14. Dongguan Fangda Renewable Resources Industry (600656): Deposit Blocked Due to Loan Contract
Dispute
 Report Excerpt

15. Mindong Electric (000536): On Change of Auditing Institute Name

16. Gem-Year Industrial (601002): Proposal of Applying Mortgage Loan for Its Subsidiary Approved at
Board of Directors

17. Hunan Sunward Intelligent Machinery (002097): Net Profit Attributable to Parent in 2008 Predicted to
Fall by 50% YoY, Sharply Lower than Expectation

18. Luoyang Bearing Science and Technology (002046): The Second Interim General Meeting of
Shareholders in 2008 Postponed

19. Shanghai Erfangji (600604): Sells Jinqiao Real Estate

20. Henan Star Hi-tech (000676): 2008 Net Profit Predicted to Slip by 50% YoY Due to Stagnant Export

21. Shenzhen Auto Electric Power Plant (002227): On Change of Appointed Accounting Firm Name

22. Huayi Electric (600290): Raised Rmb299mn by Directional Add-issuance

23. Zhuhai Wanlida Electric (002180): Authorized as Key Software Enterprise of National Layout

24. CNHTC Jinan Truck (000951): Annual Sales Grows by 8.73% YoY

25. Anhui Jianghuai Automobile (600418): Authorized as High-tech Enterprise

26. Guangzhou Oriental Baolong Automotive Industry (600988): The First Interim General Meeting of
Shareholders to Be Convened on January 19, 2009

27. Shanghai Shenda (600626): ~147mn Restricted Shares to Be Listed on January 19

28. Guizhou Guihang Automotive Components (600523): Provides Rmb37mn Loan Guarantee for Its
Subsidiary
 Report Excerpt

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%

About China Stock Advice

China Stock Advice is a leading provider of investment research on stocks traded in China A-share market, dedicating to bringing the
investing world smart, accurate and original research reports of Shanghai and Shenzhen stock exchange listed companies to the
English speaking public. With the entire world’s attention on China, chinastockadvice.com offers the first website that translates and
creates reports tailored to companies listed on the mainland stock exchange. For more information, please visit
www.chinastockadvice.com.

For any further details, please contact us at:

USA: 416 Production St N, Aberdeen SD 57401

Bryan Kriech Tel: 1-866-338-8883

China: 23/F, Building A, Time Court, No. 6, Shuguang Xili, Chaoyang District, Beijing, China, 100028
Becky Zhao Tel: 1-888-883-8942
Kofi Duan Tel: 86-10-59225042
E-mail: service@chinastockadvice.com

If you have
Becky Zhaofurther
Tel: questions on the content of this report, please contact:
1-888-883-8942
86-10-66045555
Kofi Duanor send
Tel: E-mail to: service@txsec.com
86-10-59225042
Email: service@chinastockadvice.com