Rain Calcining - Acquisition Of CII Carbon, L.L.C.,USA

With reference to the earlier announcement dated June 03, 2007 with regard to the acquisition of CII Carbon, L.L.C. (CII), Rain Calcining Ltd has informed that Rain/CII Holdings, Inc., a subsidiary of the Company, has completed its acquisition of CII for a cash purchase price of approximately US $595 million on July 19, 2007 (New York time). The cash purchase price is subject to certain adjustments.

With its acquisition of CII, the Company has become the largest manufacturer of calcined petroleum coke in the world.