- Liaoning Province Dalian Ocean Fishery Group Corp.

1. Basics

Time of Establishment: 1945

Address: Dalian Gulf, Ganjingzi District, P.R.China,

Corporate type: wholly state-owned

The industry affiliated: agriculture

The scope of operation:

main businesses: fishing, purchasing, processing and sales of oceanic aquatic products, marine transportation, contract with the overseas projects or international bidding of domestic projects and import&export of equipments, parts and materials needed, labor export to agriculture, production and service industry, establishment of enterprises abroad;

subsidiary businesses: foodstuff, oils, and related products, daily commodities, general merchandise, hardware, printing, photography, accommodation service; package of fish products, fishing equipments, parts manufacturing, cargo transport, road transport of passenger, vehicle-body ads, wood and wood processing, coal, steel, fuels, construction-use hardware, machinery parts processing.

Intangible assets: usufruct of ground,

Staff: 3,870 (803 technicians, intending to release the state-owned status of all the staff)

2. Corporate representative: Yi Zhang

3. Capitalization:

Registered capital: 480,000,000 (100% shareholder: State-owned Assets Supervision and Administration Commission of Liaoning Province)

.   4 subsidiary companies 

4. Current operation:

In 2004, sales revenue: 1,310,184,000 profit: -57,090,000

First half year in 2005, sales revenue: 581,470,000 Profit: 9,660,000

5. Financial state:

In 2004, total assets: 1,509,908,000, total debts: 621,256,000 ownership interests: 888,652,000, account receivables: 205,050,000, account payables: 387,760,000, accumulative depreciation: 49,160,000, tax: 18,980,000

6. Developing State:

a. Construction in process:

by June,2005, total balance of the ongoing projects: 56,660,000

----Refrigeratory 6, actual investment: 41,000,000 .  the rest: 15,660,000

b. projected constructions and relevant information

(1) Port expansion，passenger and cargo transport: total investment of 3,900,000,000

(2) finished oil products transferring base: total investment of 110,000,000

 (3) Panama-style dock of 60,000T: total investment of 240,000,000

7. stock ownership right transfer: no limitation to proportion of state-owned stock ownership to be transferred

8. Requests to buyers:

with similar business and obvious complementary characteristics; favorable to improve company’s capacity in fishing, refrigeration transportation, port shipping, aquatic products transaction, processing and refrigeration; strong capital and ability to remold the group; sustain the current direction of development and investment.

9. Contact to us:

a. Enterprse: Hui Zhao

Tel: +86 0411 87125698

Fax:+86 0411 87600323

Address: Dalian Gulf, Ganjingzi District, P.R.China,

Post code: 116113

E-mail: zhaohui@1fg.com.cn

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

10.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.