1934 ACT FILE NO. 001-15264

         [Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.]

         [Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]

         [If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-              ]

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date  April 20, 2010       

By                 /s/    Liu Qiang                     
Name: Liu Qiang
Title: Company Secretary

Certain statements contained in this announcement may be regarded as "forward-looking statements" within the meaning of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The forward-looking statements included in this announcement represent the Company's views as of the date of this announcement. While the Company anticipates that subsequent events and developments may cause the Company's views to change, the Company specifically disclaims any obligation to update these forward-looking statements, unless required by applicable laws. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this announcement.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Aluminum Corporation of China Limited*
(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2600)

1

IMPORTANT NOTICE

1.1

The board of directors (the "Board"), the supervisory committee, the directors (the "Directors"), supervisors and senior management of Aluminum Corporation of China Limited* (the "Company") guarantee that this report contains no false representation, misleading information or material omission. All of them jointly and severally accept full responsibility for the truthfulness, accuracy and completeness of the contents of this report.

1.2

All the Directors attended the Board meeting.

1.3

The financial report of the Company in this first quarterly report has not been audited.

1.4

Name of Person-in-charge of the Company

Mr. Xiong Weiping

Name of Person-in-charge of Accounting

Mr. Chen Jihua

Name of Head of the Accounting Department

Mr. Lu Dongliang

Xiong Weiping, Person-in-charge of the Company, Chen Jihua, Person-in-charge of Accounting, and Lu Dongliang, Head of the Accounting Department warrant the truthfulness and completeness of the financial statements in this quarterly report.

2

COMPANY PROFILE

2.1

Principal financial data and indicators

The end of
reporting period

The end of
the pervious year

Change from
the end of
the previous year

(%)

Total assets (Thousand RMB)

141,244,896.00

133,975,189.00

5.43

Owner's equity (or Shareholders' equity)
    (Thousand RMB)

51,043,096.00

50,400,738.00

1.27

Net assets per share attributable to
    shareholders of the Company
    (RMB per share)

3.77

3.73

1.07

From the beginning
of year to the end
of reporting period

Changes from
the same period
last year

(%)

Net cash flow from operating activities (Thousand RMB)

-105,994.00

N/A

Net cash flow per share generated from

    operating activities (RMB per share)

-0.0078

N/A

The reporting
period

From the beginning
of year to the end
of reporting period

Changes from
the same period
last year

(%)

Net profit attributable to shareholders
    of the Company (Thousand RMB)

627,249.00

627,249.00

N/A

Basic earnings per share (RMB per share)

0.0464

0.0464

N/A

Basic profit per share after extraordinary items
    (RMB per share)

0.0430

0.0430

N/A

Diluted earnings per share
    (RMB per share)

0.0464

0.0464

N/A

Return on net assets (weighted average) (%)

1.23

1.23

N/A

Return on net assets after extraordinary items
    (weighted average) (%)

1.14

1.14

N/A

Deducting the gain or loss arising from extraordinary items:

Items

Amount

Profit and loss from disposal of non-current assets

383

Government subsidies included in the profit and loss of the period
    (excluding government subsidies closely related to the business of
    the Company and are of fixed amount or fixed quantity in
    accordance with the State's unified standards)

15,820

Except for the hedging business that was related to the ordinary
    business of the Company, the fair value gains or losses arising from
    held-for- trading financial assets and liabilities and
    investment income from disposing held-for-trading financial
    assets and liabilities and available for sales financial assets

15,533

Other non-operating income/expenses
    other than above items

26,789

Income tax effect of extraordinary items

-12,875

Total

45,650

2.2

Number of shareholders and the top ten shareholders not subject to trading moratorium as at the end of the reporting period

Unit: share

Total number of shareholders as at the end of reporting period

611,698

The top ten shareholders of tradable shares not subject to trading moratorium

Name of shareholders (in full)

Number of tradable
shares not subject
to trading moratorium
held as at the end
of reporting period

Class

HKSCC Nominees Limited

3,929,231,609

Overseas listed
    foreign shares

China Cinda Assets
    Management Corporation

900,559,074

RMB denominated
    ordinary shares

China Construction Bank Corporation

709,773,136

RMB denominated
    ordinary shares

Guokai Financial Limited Compamy
    

554,940,780

RMB denominated
    ordinary shares

Guizhou Provincial Materials
    Development and
    Investment Corporation

72,800,000

RMB denominated
    ordinary shares

Guangxi Investment Group Co., Ltd.

46,340,527

RMB denominated
    ordinary shares

Industrial and Commercial
    Bank of China - Shanghai 50 ETF
    Securities Investment Fund

20,652,889

RMB denominated
    ordinary shares

Bank of Communications
    - Yi Fang Da 50 Index
    Security Investment Fund

19,000,424

RMB denominated
    ordinary shares

Guotai Junan - China Construction
    Bank - The Hong Kong and
    Shanghai Banking Corporation Ltd.

12,885,849

RMB denominated
    ordinary shares

Industrial and Commercial
    Bank of China - Lion Balance
    Securities Investment Fund

12,590,132

RMB denominated
    ordinary shares

3

SIGNIFICANT EVENTS

3.1

Material changes in major accounting items and financial indicators and the reasons thereof

Applicable

Not Applicable

1.

Financial assets held for trading increased by 3,311% from the beginning of the year and financial liabilities held for trading decreased by 56% from the beginning of the year, mainly due to the fair value change of future and option contracts held during the period.

2.

Accounts receivable and repayments increased by 172% and 87%, respectively, from the beginning of the year, mainly due to the increase in cash flow corresponding to the gradual resumption of production, gradual picking up of business scale and significant increase in business volume of the Group during the period.

3.

Available-for-sale financial assets decreased by 100% from the beginning of the year, mainly due to the sale of shares held in China Pacific Insurance during the period.

4.

Provisions for impairment of property, plant and equipment decreased by 74% from the beginning of the year, mainly due to the disposal of impaired property, plant and equipment provided for during the period.

5.

Bills payable increased by 87% from the beginning of the year, mainly due to the significant increase in payment by bills resulting from the significant increase in purchase volume after gradual picking up to normal business scale of the Group during the period.

6.

Advances increased by 41% from the beginning of the year, mainly due to the significant increase in advances received by the Group resulting from the significant increase in business volume after gradual picking up to normal business scale of the Group during the period.

7.

Other current liabilities increased by 4,966% from the beginning of the year, mainly due to the issuance of short-term bonds of RMB5.3 billion during the period.

8.

Revenue increased by 109% year-on-year, mainly due to the surge in selling price and increase in sales volume.

9.

Operating costs increased by 69% year-on-year, mainly due to the increase in unit production cost resulting from the increase in sales volume and raw and ancillary materials price.

10.

Selling and distribution expenses increased by 59% year-on-year, mainly due to the increase in transportation and packaging expenses corresponding to the increase in sales volume.

11.

Investment gains increased by 240% year-on-year, mainly due to the significant improvement in financial performance resulting from the gradual resumption of profitability of associated companies and joint ventures.

12.

Profit attributable to the Parent Company increased significantly year-on-year, mainly due to the gradual resumption of profitability and production and sales volume of major products of the Group.

3.2

Significant events and their effect and analysis on solutions

Applicable

Not Applicable

3.3

Implementation of undertakings by the Company, its shareholders and de facto controller

Applicable

Not Applicable

3.4

Warning on any potential loss in accumulated net profit for the period from the beginning of the year to the end of the next reporting period or any material change from the corresponding period of last year and the reason thereof

Applicable

Not Applicable

As the global economy continues to regain its momentum and the PRC economy grows steadily, aluminum consumption is expected to increase and aluminum price is expected to fluctuate toward higher ends. As cost reduction measures adopted by the Group gradually takes effects, and production and sales volume and profitability of major products gradually pick up, financial performance is expected to improve. Therefore, the Group is expected to record a profit from the beginning of year to the end of next reporting period. Details will be disclosed in the 2010 Interim Report of the Company (prepared in accordance with the PRC Accounting Standards for Business Enterprises (2006)).

3.5

Implementation of cash dividend policy during the reporting period

The terms for the distribution of cash dividend were prescribed in the Articles of Association of the Company.

There was no payment of cash dividend during the reporting period.

Aluminum Corporation of China Limited*
Legal representative: Xiong Weiping

4

APPENDICES

4.1

Consolidated Balance Sheet

As at March 31, 2010

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand    RMB, Unaudited

Items

Closing balance

Opening balance

Current assets:

    Cash and cash equivalents

9,041,569

7,858,760

    Settlement reserve

    Placements with banks and
        other financial institutions

    Held for trading financial assets

2,184

64

    Bills receivable

1,753,368

1,785,631

    Accounts receivable

3,850,430

1,417,451

    Prepayments

2,314,451

1,240,937

    Premiums receivable

    Receivables from reinsurers

    Deposits receivable from
        reinsurance agreements

    Interest receivable

    Dividend receivable

    Other receivable

1,070,075

1,183,029

    Purchases of resold financial assets

    Inventories

23,120,047

20,423,227

    Non-current assets due within one year

418,297

443,128

    Other current assets

2,047,994

1,981,650

Total current assets

43,618,415

36,333,877

Non-current assets:

    Entrusted loans and advances granted

    Financial assets available for sale

0

1,435

    Held-to-maturity investments

    Long-term receivables

    Long-term equity investments

1,048,388

937,407

    Investment properties

    Fixed assets

70,321,957

70,199,889

    Construction in progress

18,716,301

18,978,257

    Construction materials

484,180

482,935

    Disposals of fixed assets

    Biological assets for production

    Oil and gas assets

    Intangible assets

2,768,373

2,630,287

    Development expenses

    Goodwill

2,362,735

2,362,735

    Long-term deferred expenditures

155,950

163,572

    Deferred income tax assets

1,600,597

1,647,240

    Other non-current assets

168,000

237,555

    Total non-current assets

97,626,481

97,641,312

Total assets

141,244,896

133,975,189

Current liabilities:

    Short-term borrowings

22,858,269

22,993,285

    Borrowings from central bank

    Deposit taking and deposit
        in inter-bank market

    Placements from banks and
        other financial institutions

    Held-for-trading financial liabilities

20,982

47,855

    Notes payable

3,237,105

1,731,707

    Account payable

5,709,863

4,440,736

    Payments received in advance

1,397,624

989,734

    Disposal of repurchased financial assets

    Handling charges and commissions payable

    Staff remuneration payable

391,268

318,703

    Taxes payable

315,134

415,365

    Interest payable

411,283

338,476

    Dividend payable

94,936

115,978

    Other payable

4,672,567

5,249,808

    Reinsurance accounts payable

    Deposits for insurance contracts

    Agent brokerage fee

    Agent underwriting fee

    Non-current liabilities due within one year

2,985,378

3,277,931

    Other current liabilities

5,603,403

110,283

Total current liabilities

47,697,812

40,029,861

Non-current liabilities:

    Long-term borrowings

24,779,922

25,899,249

    Debentures payable

11,973,270

11,905,233

    Long-term payables

26,528

25,090

    Special payables

22,145

22,660

    Accrued liabilities

    Deferred income tax liabilities

47,680

34,535

    Other non-current liabilities

336,852

477,404

    Total non-current liabilities

37,186,397

38,364,171

Total liabilities

84,884,209

78,394,032

Owner's equity (or shareholder's equity):

    Paid-up capital (or share capital)

13,524,488

13,524,488

    Capital reserve

13,281,035

13,282,199

    Less: Treasury stock

    Special reserve

65,876

56,747

    Surplus reserve

5,799,232

5,799,232

    General risk provision

    Undistributed profit

18,420,247

17,792,998

    Foreign currencies exchange
        translation differences

-47,782

-54,926

    Total shareholders' equity
        attributable to the Parent Company

51,043,096

50,400,738

    Minority interests

5,317,591

5,180,419

    Total owner's equity

56,360,687

55,581,157

Total liabilities and owners' equity

141,244,896

133,975,189

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Chen Jihua

Lu Dongliang

Balance Sheet of the Parent Company

As at March 31, 2010

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand    RMB, Unaudited

Items

Closing balance

Opening balance

Current assets:

    Cash and cash equivalents

5,158,181

4,382,291

    Held for trading financial assets

    Bills receivable

986,500

1,170,264

    Accounts receivable

2,714,156

1,754,022

    Prepayments

453,065

375,940

    Interests receivable

    Dividend receivable

141,651

141,651

    Other receivable

2,932,296

2,952,559

    Inventories

10,903,966

10,586,033

    Non-current assets due within one year

28,000

28,000

    Other current assets

525,225

588,173

Total current assets

23,843,040

21,978,933

Non-current assets:

    Financial assets available for sale

    Held-to-maturity investment

    Long-term receivables

    Long-term equity investments

13,394,492

13,027,237

    Investment properties

    Fixed assets

46,673,822

46,188,672

    Construction in progress

8,943,603

9,625,242

    Construction materials

153,327

155,661

    Disposal of fixed assets

    Biological assets for production

    Oil and gas assets

    Intangible assets

1,208,354

1,089,898

    Development expenses

    Goodwill

2,330,945

2,330,945

    Long-term deferred expenditures

76,102

80,156

    Deferred income tax assets

1,107,009

1,199,094

    Other non-current assets

168,000

168,000

    Total non-current assets

74,055,654

73,864,905

Total assets

97,898,694

95,843,838

Current liabilities:

    Short-term borrowings

9,400,000

10,800,000

    Held-for-trading financial liabilities

0

29,952

    Notes payable

345,903

511,202

    Accounts payable

2,215,948

2,060,028

    Payments received in advance

291,366

281,294

    Staff remuneration payables

244,249

208,994

    Taxes payable

187,781

209,526

    Interests payable

404,271

304,855

    Dividends payable

    Other payable

2,901,621

3,389,733

    Non-current liabilities due within one year

434,577

470,346

    Other current liabilities

5,226,802

49,486

Total current liabilities

21,652,518

18,315,416

Non-current liabilities:

    Long-term borrowings

12,958,668

14,626,268

    Debentures payable

11,973,270

11,905,233

    Long-term payables

25,090

25,090

    Special payables

22,660

22,660

    Accrued liabilities

    Deferred income tax liabilities

    Other non-current liabilities

240,957

272,722

    Total non-current liabilities

25,220,645

26,851,973

Total liabilities

46,873,163

45,167,389

Owner's equity (or shareholder's equity):

    Paid-up capital (or share capital)

13,524,488

13,524,488

    Capital reserve

14,172,556

14,172,556

    Less: Treasury stock

    Special reserve

27,009

26,290

    Surplus reserve

5,799,233

5,799,232

    General Risk Provision

    Undistributed profit

17,502,245

17,153,883

    Total Owner's equity (or shareholder's equity)

51,025,531

50,676,449

Total liabilities and owners' equity
    (or shareholder's equity)

97,898,694

95,843,838

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Chen Jihua

Lu Dongliang

4.2

Consolidated income statement

(January-March, 2010)

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand    RMB Unaudited

Amount for

Amount for the

Items

the period

previous period

1.

Total operating revenue

29,059,024

13,942,682

Including:

Operating revenue

29,059,024

13,942,682

Interest income

Premiums earned

Handling charges and
    commission income

2.

Total cost of operations

28,358,181

16,463,835

Including:

Operating cost

26,647,568

15,809,116

Interest expenses

Handling charges and

    commission expenses

Returned premium

Net expenditure for

    compensation payments

Net provision for insurance deposits

Policyholder dividend expenses

Reinsurance costs

Business tax and surcharges

80,148

41,647

Selling expenses

385,595

243,086

Administrative expenses

600,057

522,414

Finance expenses

644,502

513,074

Loss on assets impairment

311

-665,502

Add:

Gains on fair value changes

    (loss stated with "-")

29,042

141,883

Investment income

    (loss stated with "-")

135,584

39,865

Including:

Investment income from

    associated companies and

    jointly controlled entities

149,093

-55,027

Foreign currency exchange

    gains (loss stated with "-")

3.

Operating profit (loss stated with "-")

865,469

-2,339,405

Add:

Non-operating income

47,283

51,216

Less:

Non-operating expenses

4,291

3,150

Including:

Net loss from disposal of

    non-current assets

394

27

4.

Total profit (total loss stated with "-")

908,461

-2,291,339

Less:

Income tax expenses

171,594

-239,492

5.

Net profit (net loss stated with "-")

736,867

-2,051,847

Net profit attributable to the Parent Company

627,249

-1,889,001

Minority interests

109,618

-162,846

6.

Earnings per share:

(i)    Basic earnings per share

0.0464

-0.1397

(ii)    Diluted earnings per share

0.0464

-0.1397

7.

Other comprehensive income

7,144

2,699

8.

Total comprehensive income

744,011

-2,049,148

Total comprehensive income attributable

    to owners of the parent company

634,393

-1,886,302

Total comprehensive income attributable

    to minority interest

109,618

-162,846

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Chen Jihua

Lu Dongliang

Income statement of the Parent Company

(January-March, 2010)

Prepared by: Aluminum Corporation of China Limited

Unit: Thousand    RMB Unaudited

Amount for the

corresponding

Amount for

period of the

Items

the period

previous year

1.

Operating revenue

10,978,867

5,997,483

Less:

Operating costs

9,681,264

7,377,540

Business tax and surcharges

53,516

22,438

Selling expenses

227,557

144,274

Administrative expenses

376,962

347,799

Finance expenses

360,323

282,693

Loss on assets impairment

489

-361,814

Add:

Gains on fair value changes

    (loss stated with "-")

29,952

0

Investment income

    (loss stated with "-")

110,600

-45,623

Including:

Investment income from

    associated companies and

    jointly controlled entities

95,928

-56,869

2.

Operating profit (loss stated with "-")

419,308

-1,861,070

Add:

Non-operating income

23,663

35,876

Less:

Non-operating expenses

2,524

1,362

Including:

Loss from disposal of non-current assets

386

0

3.

Total profit (total loss stated with "-")

440,447

-1,826,556

Less:

Income tax expenses

92,085

-292,216

4.

Net profit (net loss stated with "-")

348,362

-1,534,340

5.

Earnings per share:

(1)    Basic earnings per share

(2)    Diluted earnings per share

6.

Other comprehensive income

7.

Total comprehensive income

348,362

-1,534,340

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Chen Jihua

Lu Dongliang

4.3

Consolidated Cash Flow Statement

January-March 2010

Prepared by: Aluminum Corporation of China Limited

Unit: Thousand    RMB Unaudited

Amount for the

corresponding

Amount for

period of the

Items

the period

previous year

1.

Cash flow from operating activities:

Cash received from product sales and

    rendering of services

31,778,198

19,207,428

Net increase in deposits from customers

    and placements from banks and

    other financial institutions

Net increase in borrowings from central bank

Net increase in placements from

    other financial institutions

Cash received from premiums

    of original insurance contracts

Net cash received from reinsurance business

Net increase in deposits from policyholders

    and investments

Net increase in disposal of

    held-for-trading financial assets

Cash received from interest, handling

    charges and commissions

Net increase in capital due to banks and

    other financial institutions

Net increase in repurchases

Refund of tax and levies received

Other cash received relating to

    operating activities

65,338

84,072

Sub-total of cash inflow from

    operating activities

31,843,536

19,291,500

Cash paid for purchase of goods and

    receipt of services

29,359,511

17,763,368

Net increase in loans and

    advances to customers

Net increase in placements with central

    bank and other financial institutions

Cash paid for claims on original

    insurance contracts

Cash payment for interest, handling

    charges and commissions

Cash payment for policyholder dividend

Cash paid to and on behalf of employees

1,294,732

508,799

Taxes and surcharges paid

756,134

960,020

Other cash paid relating to

    operating activities

539,153

105,260

Sub-total of cash outflow from

    operating activities

31,949,530

19,337,447

Net cash flow from operating activities

-105,994

-45,947

2.

Cash flows from investment activities:

Cash received from disposal of investments

Cash received from returns on investments

39,547

1,842

Net cash received from disposal of

    fixed assets, intangible assets and

    other long-term assets

6,157

528

Net cash received from disposal of

    subsidiaries and other operating entities

Other cash received relating to

    investment activities

48,643

137,662

Sub-total of cash inflow from

    investment activities

94,347

140,032

Cash paid to acquire fixed assets,

    intangible assets and

    other long-term assets

2,072,812

2,399,607

Cash paid for investment

Net increase in pledged loans

Net cash paid for acquisition of subsidiaries

    and other operating entities

0

75,096

Other cash paid relating to

    investment activities

0

4,277

Sub-total of cash outflow from

    investment activities

2,072,812

2,478,980

Net cash flows from investment activities

-1,978,465

-2,338,948

3.

Cash flow from financing activities:

Proceeds received from investments

62,249

0

Including: Proceeds received by subsidiaries from minority shareholders' investment

62,249

0

Cash received from borrowings

10,567,044

10,734,021

Cash received from issue of debentures

5,300,000

0

Other cash received relating to

    financing activities

Sub-total of cash inflow from

    financing activities

15,929,293

10,734,021

Cash paid for repayment

12,056,233

10,905,538

Cash paid for dividend and profit

    distribution or interest repayment

719,014

338,747

Including: Dividend and profit paid

    by subsidiaries to minority shareholders

52,323

0

Other cash paid relating to

    financing activities

18,415

38,959

Sub-total of cash outflow from

    financing activities

12,793,662

11,283,244

Net cash flows from financing activities

3,135,631

-549,223

4.

Effect on cash and cash equivalents due to change in foreign currency exchange rate

-12,254

0

5.

Net increase in cash and cash equivalents

1,038,918

-2,934,118

Add: Balance of cash and cash equivalents at the beginning of the period

7,545,303

15,982,130

6.

Balance of cash and cash equivalents at the end of the period

8,584,221

13,048,012

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Chen Jihua

Lu Dongliang

Cash Flow Statement of the Parent Company

January-March 2010

Prepared by: Aluminum Corporation of China Limited

Unit: Thousand    RMB Unaudited

Amount for the

corresponding

Amount for

period of the

Items

the period

previous year

1.

Cash flow from operating activities:

Cash received from product sales

    and rendering of services

11,667,992

10,888,613

Refund of tax and levies received

Other cash received relating to

    operating activities

32,150

58,377

Sub-total of cash inflow from

    operating activities

11,700,142

10,946,990

Cash paid for purchase of goods and

    receipt of services

9,524,008

7,198,424

Cash paid to and on behalf of employees

996,539

664,475

Taxes and surcharges paid

352,301

242,583

Other cash paid relating to

    operating activities

264,837

424,260

Sub-total of cash outflow from

    operating activities

11,137,685

8,529,742

Net cash flow from operating activities

562,457

2,417,248

2.

Cash flows from investment activities:

Cash received from disposal of investments

Cash received from returns on investments

14,671

11,246

Net cash received from disposal of

    fixed assets, intangible assets and

    other long-term assets

231

110,085

Net cash received from disposal of

    subsidiaries and other operating entities

Other cash received relating to

    investment activities

0

1,065,737

Sub-total of cash inflow from

    investment activities

14,902

1,187,068

Cash paid to acquire fixed assets, intangible

    assets and other long-term assets

1,171,716

1,439,784

Cash paid for investment

271,324

0

Net cash paid for acquisition of subsidiaries

    and other operating entities

0

69,356

Other cash paid relating to

    investment activities

Sub-total of cash outflow from

    investment activities

1,443,040

1,509,140

Net cash flows from investment activities

-1,428,138

-322,072

3.

Cash flows from financing activities:

Proceeds received from investments

Cash received from borrowings

4,725,000

4,930,000

Other cash received relating to

    financing activities

5,000,000

Sub-total of cash inflow from

    financing activities

9,725,000

4,930,000

Cash paid for repayment

7,798,370

5,409,000

Cash paid for dividend and

    profit distribution or interest repayment

303,662

2,199,817

Other cash paid relating to

    financing activities

15,000

32,000

Sub-total of cash outflow from

    financing activities

8,117,032

7,640,817

Net cash flows from financing activities

1,607,968

-2,710,817

4.

Effect on cash and cash equivalents due to change in foreign currency exchange rate

2,185

0

5.

Net increase in cash and cash equivalents

744,472

-615,641

Add: Balance of cash and cash equivalents at the beginning of the period

4,382,291

7,030,857

6.

Balance of cash and cash equivalents at the end of the period

5,126,763

6,415,216

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Chen Jihua

Lu Dongliang

By order of the Board

Xiong Weiping

Chairman and Chief Executive Officer

Beijing, the PRC
April 20, 2010

*    For identification purpose only

About the Company

Our contact information of this release is:

*

Business address: No.62 North Xizhimen Street, Haidian District, Beijing, People's Republic of China, 100082

*

Telephone number: (86-10) 8229 8103

*