Recently, J & L Rigging Co., Ltd released news that it proposed to use part of extra raised fund to acquire 100% stock rights of Shanghai Pujiang Cable Engineering Co., Ltd. Our Company solemnly clarifies there is not any affiliation between Shanghai Pujiang Cable Co., Ltd. and Shanghai Pujiang Cable Engineering Co., Ltd. Shanghai Pujiang Cable Co., Ltd. is the first domestic professional cable manufacturing enterprise. Founded for 22 years, it has expanded to a world-famous cable manufacturer and supplier with a whole network of cable scientific research, design, manufacturing and installation consulting. Shanghai Pujiang Cable Co., Ltd. will continue to make greater contributions to developing international bridge career and new constructional engineering as well as other cable structure engineering with high quality products and first-rate service. Shanghai Pujiang Cable Co., Ltd. May 25, 2010