- Liaoning Equipment Group Co., Ltd.

1. Basics

The time of establishment: Mar 8, 2001

Address: 108 Zhongshan Rd, Heping District, Shenyang, P.R.China

Corporate type: large-scaled/ wholly state-owned

The industry affiliated: manufacture and commercial circle

The scope of operation: ex&import of commodity and technology (independent or agent), barter trade, carrying trade; overseas machinery and electronic projects, domestic projects for international bidding, export of the equipments and material needed for the overseas projects, labor cooperation; assets operation and administration, light products, textile products, metal materials, seeds, feeding stuff, agricultural products and byproducts, development and consultation of agricultural technology, technical consultation on machinery and equipment, manufacturing of pedrail cranes 

Intangible assets: no,

Staff: 1341 (949 on the posts, 810 are not free from state-owned status)

2.       Corporate representative: Daming Ma

3.       Capitalization: 59,390,000 (100% stockholder: State-owned Assets Supervision and Administration Commission of Liaoning Province).

8 subsidiary companies

4.       Operation state:

In 2004, sales revenue: 3,375,330,000,  profit: 24,320,000.

First half year in 2005, sales revenue: 1,512,500,000, Profit: 2,770,000.

5.       Financial state:

In 2004, total assets: 1,706,580,000, total debts: 1,460,090,000, ownership interests: 246492400, including state ownership: 24,200,000(state capital: 18,260,000, capital accumulation fund: 400,000, surplus accumulation fund: 2,890,000, retained earnings: 2,650,000), account receivables: 487750000, account payables: 1242070000, depreciation: 51160000, tax: 48100000.

6.       State of transferring ownership right: no limitation to proportion of transferring state-owned stock ownership.

7.       Requests to buyer: able to complete project contract and design process and with strong capital support

8.       Contact to us:

a. Enterprise: Jianjun Zhang

Tel: +86 024 23415183

Fax: +86 024 23415300

Address: 108 Zhongshan Rd, Heping District, Shenyang, P.R.China

Post code: 110001

E-mail: eg108@163.com

b. State-owned Assets Supervision and Administration Commission of Liaoning Province:

Qiong Wu, Renhe Zhao

Tel: +86 024 86903276

Fax: +86 024 86903276

Address: 45-22 Beiling Str., Huanggu District, Shenyang, P.R.China

Post code: 110032

E-mail: zcjyc@163.com

9.Declaration: all the data in this specification are shown in the account books in RMB. The net assets value of transferring stock ownership must be actual number after evaluation. This actual number will be the main basis of bottom price of market trade.