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To: E_K_S who wrote (32460)	10/14/2008 7:56:52 PM
From: gcrispin	of 78744

They do not export biodiesel, so all costs and income are in yuan. They report in US dollars but have the following explanation in their most recent earnings release. Currency Convenience Translation The conversion of Renminbi into U.S. dollars in this earnings release, made solely for the purpose of reader's convenience, is based on the noon buying rate in New York City for cable transfers of Renminbi as certified for customs purpose by the Federal Reserve Bank of New York as of June 30, 2008, which was RMB 6.8591 to US$1.00. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized or settled into U.S. dollars at such rate, or at any other rate. The percentages stated in this earnings release are calculated based on Renminbi. Hope that answers your question.

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