- Liaoning Food&Oil Imp.&Exp. Co., Ltd.

1.     Basics

2.     The time of establishment: Nov26, 2003

Address: 33Renmin Rd, Zhongshan District, Dalian, P.R.China

Corporate type: state-holding stock company

The industry affiliated: international trade

The scope of operation: import&export of commodity and technology (independent or agent), real estate leasing, industrial investment and operation, purchase and sales of agricultural and sideline products

Intangible assets: usufruct of ground worth 55870000

Staff: 148 (10 senior managerial layer, 9 with senior title of professional post, 22 with intermediate title of professional post, all the staff are not free from state-owned status.

2. Corporate representative: Tianbin Qu

3. Capitalization: 70,000,000

Shareholders: State-owned Assets Supervision and Administration Commission of Liaoning Province, (65%); Dalian Kailun Hotel Co.,ltd.(16.65%); Liaoning Times Group  Co., Ltd.(9%); Yingkou Port Co., Ltd(3%); Liaoning Xinyuan Textile Ex&Import Co., Ltd(3%), LIMAC Group Co., Ltd(3%), Dalian Northern Cereals Trade Market Hengli Cereals & Oil Co. Ltd(0.35%)

 4 subsidiary companies:

4.  Operation state:

in 2004, sales revenue: 606,445,000 profit:2,607,000.

First half year in 2005, sales revenue: 345,720,000 Profit: 1,900,000

5.  Financial state:

In 2004, total assets:  396,597,000, total debts: 292,331,000, ownership interests: 104,267,000, account receivables: 154,443,000, account payables: 78,429,000, accumulative depreciation: 2,391,000, tax: 2,760,000.

6. Developing State: no construction in process.

7. State of transferring ownership right: part of stock-ownership to be transferred maintaining the state’s relative majority stockholders status

8. Requests to buyer: companies with a registered capital above 50,000,000, strong capital support, expert in international trade, engaged in storage and processing of cereals.

9. Contact to us:

a. Enterprise: Huaxin Zhao

Tel: +86 411 82632050

Fax:+86 411 82814064

Address: 33Renmin Rd, Zhongshan District, Dalian, P.R.China

Post code: 116001b. 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.