- Liaoning Products Group Co., Ltd.

1. Basics

The time of establishment: May 1993

Address: 54 Sanhao Rd, Heping District, Shenyang, P.R.China

Corporate type: large-scaled/ wholly state-owned

The industry affiliated: commodity circulation

The scope of operation:

Main operation: state-owned assets operation, financing

Subsidiary operation: metals, chemical raw materials, woods, building materials, coal, petroleum and relative products, electromechanical products, vehicles, ships;  products import&export; equity joint venture, cooperative joint venture, barter trade, carrying trade; electronic products, food&oil, hardware, marine shipping, inner-group financing.

Intangible assets: brands, commercial reputation.

Staff: 30, retired personnel 1,280, all the staff is free from state-owned status

2. Corporate representative: Tiechuan Wang

3. Capitalization:

Registered capital: 237,000,000 (100% stockholder: State-owned Assets Supervision and Administration Commission of Liaoning Province).

15 subsidiary companies, total registered capital: 40,260,000.

4. Operation state:

in 2004, sales revenue: 1,700,000,000, profit: -4,700,000.

First half year in 2005, sales revenue: 850,000,000, Profit: -970,000.

5. Financial state:

Until 2004, total assets: 2,279,000,000, total debts: 2,495,000,000, ownership interests: -215,000,000,000, account receivables: 1,198,000,000, account payables: 1,030,000,000, taxation due: 6,650,000.

6. State of transferring ownership right: the whole stock ownership to be transferred.

7. Requests to buyers: strong capital supply, outstanding capital operating and market developing, appropriate scheme to arrange retired staff. 

8. Contact to us:

a. Enterprise: Yunsong Wen

Tel: +86 024 23960259

Fax:+86 024 23890173

Address: 4 Sanhao Rd, Heping District, Shenyang, P.R.China

Post code: 110004

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.