On the morning of July 25, Zhejiang Grand Imp. & Exp. Co., Ltd. 2008 Annual Shareholders' Meeting was successfully held at the Howard Johnson Plaza Hotel in Ningbo. The meeting was presided over by Mr. Jin Bo, the chairman of the company. The company's shareholders, directors, supervisors and some senior executives of the company attended the meeting.

The meeting reviewed the four reports and proposals including the 2008 Work Report of the Board of Directors, the Work Report of the 2008 Supervisory Committee, the 2008 Financial Statements and the 2009 Financial Budget, and the Proposal on Replacing the Members of the Board of Supervisors. And passed.

Mr. Jin Bo, the chairman of the company, said that the board of directors of the company will, with the support of the shareholders, continue to work with the company's management team and all employees to seize the opportunity to accelerate the pace of development and further increase the market share of the main business; at the same time, continue to deepen management changes. Efforts to change the way of growth and return the majority of shareholders with better performance.