Shanghai Haixin Group(SSE: 600851) predicts loss for the year of 2008

According to the Shanghai Haixin Group Co., Ltd (SSE: 600851), the company predicts loss for the year of 2008. Concrete figures will be disclosed in its 2008 annual report. The net profit for corresponding period of last year is CNY 5,094,500. The company’s board of directors hereby reminded the investors of investment risks.