Ruitai Materials Technology Co., Ltd. announced that it will distribute a cash dividend of RMB 0.1 per share (before tax) to shareholders for fiscal 2008. The Company also announced that it has received confirmation as the high-tech enterprise from Science and Technology Department of Beijing, Beijing Department of Finance, Beijing Office of SAT and Beijing Local Taxation Bureau, thus will enjoy the 15% corporate income tax rate for three years (including 2008). The Company also announced that it has appointed Mr. Feng Zhongqi as the new General Manager of the Company, replacing Mr. Liao Jiaozhang, effective from February 21, 2009.