- Liaoning Coal Industry Group Co., Ltd.

1.     Basics

The time of establishment: Jan 2002

Address: 13 Xiannongtan Rd, Shenhe District, Shenyang, P.R.China

Corporate type: wholly state-owned

The industry affiliated: industry

The scope of operation: series of mining machinery, safety equipments and instruments with annual productivity of 33,334 set.

Intangible assets: usufruct of ground, 520,000m2

Staff: 2,930 (400 in a specific technical field, 68 with senior title of professional, a big part of staff are released from state-owned status)

2.  Corporate representative: Xin Guan

3.  Capitalization: 276,150,000 (100% stockholder: State-owned Assets Supervision and Administration Commission of Liaoning Province).

5 subsidiary companies

4.  Operation state:

In 2004, sales revenue: 249,710,000, profit: 10,380,000.

First half year in 2005, sales revenue: 132,940,000, Profit: 1,120,000.

5.  Financial state:

In 2004, total assets:  819,530,000, total debts: 520,840,000, ownership interests: 296,310,000 (national capital: 276,150,000, capital accumulation fund: 23,140,000, surplus accumulation fund: 510,000, retained earnings: -3,490,000), receivables: 443,400,000, account payables: 336,200,000, depreciation: 8,710,000, tax: 24,060,000, taxation due: 47,420,000.

6.  Developing State: no constructions in process

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

8.  Requests to buyers: enterprises in the fields of mining machinery manufacturing or relevant industries.

9.  Contact to us:

a. Enterprise: Yang Chen

Tel: +86 024 88294775

Fax:+86 024 88294591

Address: 13 Xiannongtan Rd, Shenhe District, Shenyang, P.R.China

Post code: 110043

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

Qiong Wu, Heren 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.