The 2008 General Meeting of Shareholders of Panjin Guanghe Aquatic Products Co., Ltd. was held on March 28 in the conference room of the company's R&D center. The meeting was attended by: Director of the Provincial Agricultural Development Office, Chairman of Liaoning Agricultural Development Asset Investment Management Co., Ltd. Chen Xue, Provincial Xu Ying, General Manager of Agricultural Development Assets Investment Management Co., Ltd., Tu Jianhua, Deputy Director of Panjin Municipal Finance Bureau and Director of Municipal Agricultural Development Office, Xu Liaoyu, Section Chief of Project Evaluation Section, Xu Jing, Financial Director of Shenyang Hengxin Investment Management Co., Ltd., and Panjin Guanghe Aquatic Products Co., Ltd. 36 shareholders or their trustees.

The general meeting of shareholders was chaired by Li Xiaodong, chairman of the company. The meeting reviewed four proposals, and the resolutions were as follows:

1. With the consent of 37 shareholders (accounting for 100% of the total number of shareholders at this general meeting), it is determined that Liaoning Agricultural Development Asset Management Co., Ltd. will transfer its shares to Shenyang Hengxin Investment Management Co., Ltd.

2. With the approval of 37 shareholders (accounting for 100% of the total number of shareholders of the company), the "Proposal on Amending the Articles of Association" was passed.

3. With the consent of 37 shareholders (accounting for 100% of the total number of shareholders of the company), Xu Jing appointed by the new shareholder Shenyang Hengxin Investment Management Co., Ltd. was appointed as the director of the third board of directors of the company, and Lei Yanzhi was appointed as the independent director of the company.

4. With the approval of 37 shareholders (accounting for 100% of the total number of shareholders of the company), Zhu Xiaojun, appointed by the new shareholder Shenyang Hengxin Investment Management Co., Ltd., served as the chairman of the company's supervisory committee.

The meeting believed that the company should take this shareholders' meeting as an opportunity to further improve its management level, improve its core competitiveness through technological innovation, and ensure the realization of various business indicators of the company.