According to the Insolvency Law of Peopleundefineds Republic of China,the Second Intermediate Peopleundefineds Court(“the court”)of Shanghai accepted the insolvency application of Zhongfu Security Co.,Ltd(“the company”)on Sep.7,2007 and pronounced bankrupt on September,7,2007.According to(2007)Huerzhongminsan(Shang)pozi No.2-1,the company had established liquidation committee and the court has appointed Gaopeng&Partners as the receiver and attorney Mr·Wang Mingtao as the person in charge.China Securities Journal,Peopleundefineds Court Daily and Security Journal promulgated this proclamation on September,2007.

(This article is translated by software translator for reference only.)