Wuhan East Lake High Technology Group Co announced that its Board of Directors has decided neither to distribute earnings for the fiscal year 2008, nor to use additional paid-in capital to issue new shares to shareholders. Besides, the Company will invest RMB 50 million to set up a 100%-owned subsidiary in Wuhu, which will be engaged in construction and operation of BOOM project. The Company also approved the debt financing plan for 2009, which amounts to RMB 779 million.