- Liaoning Wanheng Group Co.,Ltd.

1.  Basics

The time of establishment: May26, 1998

Address: 71 Renmin Rd, Zhongshan District, Dalian,  P.R.China

Corporate type: wholly state-owned/ large-scaled

The industry affiliated: compositive

The scope of operation: ex&importing, advertisement, taxi, hotel, real estate

Intangible assets: no.

Staff: 430 (320 with state-owned status, 86 technologist, all the staff are not free from state-owned status.)

2. Corporate representative: Zhongyan Wang

3. Capitalization:

Registered capital: 150,000,000Yuan (100% shareholder: State-owned Assets Supervision and Administration Commission of Liaoning Province,). 

4. Current operation:

in 2004, sales revenue: 822,960,000Yuan  Loss:-2,750,000Yuan

First half in 2005, sales revenue: 75,140,000Yuan  Loss: -19,970,000Yuan.

5. Financial state:

In 2004, total assets: 811,960,000Yuan  total debts: 619,140,000Yuan, ownership interests: 118,830,000Yuan, (paicl-up capital: 124,360,000Yuan, capital accumulation fund: 12,990,000Yuan, surplus accumulation fund: 13,160,000Yuan, unconfirmed investment loss: 1,430,000 Yuan, retained earnings: -30,260,000Yuan), minority ownership interests: 73,990,000Yuan; in 2004 account receivables: 69,520,000Yuan, account payables: 47,320,000Yuan, tax payment: 17,390,000 Yuan    6. targeted development: mainstream operation in real estate industry

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

8. Requests to buyers: strong capitals supply, due payment of the debts, properly arrange the current staff and ensure a healthy development of the company with specific measures.

9. Contacts:

a. Enterprise: Dongzhuo Zhang

Tel: +86 411 82656242

Fax:+86 411 82653609

Address: 71 Renmin Rd, Zhongshan District, Dalian,  P.R.China

Post code: 116001

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 when transferring stock ownership is the post-evaluated actual number. This actual number will be the main basis of bottom price of market trade.