- Liaoning International Economic and Technical Cooperation Group Co.,ltd.

1.Basics

The time of establishment: Mar,20, 2000

Address: 111 Beizhan Rd, Shenhe District, Shenyang, P.R.China

Corporate type: wholly state-owned

The industry affiliated: international economic cooperation and foreign trade

The scope of operation: management and operation of state-owned assets, high-tech development of and support, domestic and overseas construction contract, work contact cooperation, international aid projects, foreign trade consultation, import&export (self-operation or agent), carrying processing, international bidding projects, exploration, consultation, design and supervision of the overseas within-industry projects, export of the relevant equipments and material.      

Intangible assets: no

Staff: 165 (77 on the posts, 88 retired, all the staff are free from state-owned status)

2.  Corporate representative: Xiaojiang Wang

3.  Capitalization: 160,360,000 (100% stockholder: State-owned Assets Supervision and Administration Commission of Liaoning Province).

11 subsidiary companies: 。

4.  Operation state:

in 2004, sales revenue: 403,062,600, profit: 1,274,900.

First half year in 2005, sales revenue: 236,326,800, Profit: -1,085,200

5.  Financial state:

In 2004, total assets: 225,648,300, total debts: 132,040,900 ownership interests: 55,838,700, account receivables: 23,284,700, account payables: 23,248,300, accumulative depreciation: 19,310,700, tax: 4,530,000, taxation due: 336,000.

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

7.  Requests to buyer: sufficient capitals supply, complementary industrial characteristics in the main business of the company

8.  Contact to us:

a. Enterprise: Jinling Zheng

Tel: +86 024 22562363

Fax:+86 024 22562333

Address: 111 Beizhan Rd, Shenhe District, Shenyang, P.R.China

Post code: 110013

E-mail: zjl5756@sina.com

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.