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CMON Limited Board/Management Information 2001

Aug 27, 2001

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瀋陽公用發展股份有限公司

Shenyang Public Utility Holdings Company Limited

(a joint stock limited company incorporated in the

People's Republic of China with limited liability)

Resolutions passed at the 15th meeting of

the FIRST Board of Directors

The 15th meeting of the first board of directors ("Board") of Shenyang Public Utility Holdings Company Limited (the "Company") was held at Level 9, Shenyang Golden International Tower, 355 Zhong Shan Road, Shenyang, the People's Republic of China ("PRC") on 24th August, 2001. 11 directors of the Company ("Directors") were present at the Board meeting. The Board meeting was convened in accordance with the requirements of the PRC Company Law and the articles of associations of the Company. The resolutions considered and duly passed at the Board meeting were as follows:

  1. With regard to the resolution on 2001 interim report of the Company.

  2. With regard to the resolution on 2001 interim dividend distribution of the Company.

The Board resolved to declare an interim dividend of RMB0.07 per share payable in cash. Details of the interim dividend distribution are set forth in the Company's 2001 Interim Results announcement dated 24th August, 2001.

  1. With regard to the resolution to replace a non-executive Director.

In view of the resignation of Mr. Jacques Leondot as non-executive Director due to personal reasons, Sino-French Water Development (Liaoning) Company Limited, a substantial shareholder of the Company, proposes to appoint Dr. Alain Charles Fabry as a candidate for a non-executive Director and such appointment is subject to the approval of the shareholders of the Company at the next general meeting of the Company.

By Order of the Board

Wang Se

Company Secretary

Shenyang, the PRC, 24th August, 2001