- Liaoning Province Exhibition&Trade Group Co., Ltd.

1.  Basics

The time of establishment: Feb 1, 1999

Address: 38 Caita Str, Heping District, Shenyang, P.R.China

Corporate type: large-scale/ wholly state-owned

The industry affiliated: service industry

The scope of operation: state-owned assets operation, investment, real estate management, hotel, advertisement, graphic design, exhibition, exhibition market management, commercial leasing, housing market management and heating service.

Intangible assets: usufruct of ground. 92451.4m2

Staff: 591, all the staff are on the state-owned status

2.  Corporate representative: Xiaoguang Cai

3. Capitalization:

Registered capital: 200,000,000 (100% stockholder: State-owned Assets Supervision and Administration Commission of Liaoning Province). 6 subsidiary companies.

4. Current operation:

in 2004, sales revenue: 45,600,000, profit: 150,000.

First half year in 2005, sales revenue: 17,050,000, Profit: -3,110,000.

5. Financial state:

Until 2004, total assets: 518,600,000, total debts: 210,200,000, ownership interests: 308,400,000, account receivables: 15,260,000, account payables: 184,057,000, depreciation: 3,640,000, tax: 6,200,000.

6. Development state:

---Alteration of exhibition building. total investment: 8,000,000, to be completed by Sep, 2005; projected increase in sales revenue of 17,730,000 reaching an annual sales of 45,000,000

---Alteration of boiler room. total investment: 6,470,000, to be completed by Oct, 2005; projected increase in sales revenue of 4,890,000 reaching an annual sales of 5,380,000

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

8. Requests to buyers: able to realize a sustainable development of company’s current line of business, develop new business and keep all the staff obtaining employment, experienced in industrial operation and with outstanding achievement, 

9. Contact to us:

a. Enterprise: Qingrui Meng

Tel: +86 024 62124029/13804043401

Fax: +86 024 23896904

Address: 8 Caita Str, 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

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.