2001 Annual Profit Distribution Plan and Related Matters

Announcement from the Board of Directors of Fujian Jiuzhou Group Co., Ltd.

The company and all members of the board guarantee the truthfulness, accuracy, and completeness of this announcement and bear responsibility for any false records, misleading statements, or significant omissions.

The 32nd meeting of the third board of directors was held on April 10, 2002, in the conference room on the fifth floor of the company. All five directors attended, and two supervisors were present. The meeting was chaired by Mr. Liang Jian, the chairman of the board. The meeting complied with the provisions of the Company Law and the Articles of Association. The following matters were reviewed and resolutions were made:

1. The board work report was reviewed and approved.

2. The 2001 annual report was reviewed and approved.

3. The 2001 annual financial settlement report was reviewed and approved.

4. The 2001 profit distribution plan was reviewed and approved: due to the company's significant losses, there are no profits to distribute.

5. The annual shareholders' meeting for 2001 is scheduled for May 20, 2002, to review the above matters.

Announcement from the Supervisory Board of Fujian Jiuzhou Group Co., Ltd.

The 25th meeting of the third supervisory board was held on April 7, 2002, in the conference room on the fifth floor of the company. Three supervisors were present, with two attending. All supervisors attended the board meeting held on the same day and supervised the entire process. The meeting concluded that the resolutions made at the board meeting on April 7 complied with legal procedures and relevant regulations, and agreed with the proposals regarding the annual work report, profit distribution plan, and financial settlement report. The supervisory board work report was reviewed and approved.

Notice of the 2001 Annual Shareholders' Meeting of Fujian Jiuzhou Group Co., Ltd.

According to the resolutions of the 32nd meeting of the third board of directors, the board has decided to hold the 2001 annual shareholders' meeting on May 20, 2002 (Monday) at 9:00 AM in the conference room on the fifth floor of the company. The relevant matters are notified as follows:

1. Matters to be Reviewed at the Meeting

1. Review the 2001 annual report.

2. Review the board work report.

3. Review the 2001 profit distribution plan: due to significant losses, there will be no profit distribution for 2001.

4. Review the 2001 annual financial settlement report.

2. Attendees

1. Company directors, supervisors, and senior management.

2. Shareholders registered with the Shenzhen Securities Registration Company by May 9, 2002, or their authorized representatives.

3. Registration Method

1. Registration procedures: Legal entity shareholders must present a unit certificate, legal entity shareholder account card, authorization letter, and ID of the attendee; public shareholders must present their ID and shareholder account card for registration; authorized attendees must present an authorization letter, the shareholder account card of the authorized person, and their ID for registration. Distant shareholders may register by mail or fax.

2. Registration location: Company Secretary's Office on the fifth floor.

3. Registration time: May 13 and 14, 2002 (8:30 AM - 11:30 AM, 3:00 PM - 5:00 PM).

4. Other Matters

1. The meeting will last half a day, and attending shareholders will bear their own accommodation and transportation costs.

2. Company address: 5th Floor, Huguang Building, Hubin East Road, Xiamen City.

3. Contact person: Wang Yali

4. Contact number: 0592-5365688, Fax: 0592-5365788, Postal Code: 361004