Guilin Paper Inc (LGSE.OB)

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Ticker: LGSE.OB

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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Durward James Morris

President, CFO, Treasurer

2 sales — total 371,240 USD

Sale 19 Mar 2007

Value US$3,666,328.25 | Price 429.21 | Shares 45,974

Sale 19 Mar 2007

Value US$726,325.48 | Price 493.62 | Shares 3,172

Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Insider and/or position	Nb. shares Price Value	Number of shares	Price	Value	Details
2007-03-21	2007-03-19	S Sale	Durward James Morris President, CFO, Treasurer Executive Director	45,974 +28.3% 429.21 US$3,666,328	45,974 +28.3%	429.21	US$3,666,328
2007-03-21	2007-03-19	S Sale	Durward James Morris President, CFO, Treasurer Executive Director	3,172 +22.9% 493.62 US$726,325	3,172 +22.9%	493.62	US$726,325

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Guilin Paper Inc LGSE.OB