Stock Code: 000515
Stock Abbreviation: Panzhihua Titanium Industry
Announcement No.: 2008--45
Announcement on the Progress of Major Asset Restructuring
Panzhihua New Steel Vanadium Co., Ltd. (hereinafter referred to as "Panzhihua Steel Vanadium") and all members of the board of directors guarantee the authenticity, accuracy, and completeness of the announcement content, and bear joint liability for any false records, misleading statements, or significant omissions in the announcement.