Project No.12

    1.The project name: Shanhaiguan Golf Ground

    2.Mode of cooperation: Joint venture, cooperation

    3.Period of cooperation: 20 years

    4.Total investment:16.87 million US dollars

    5.Form and quantity of chiese investment: 1.687 millon US dollars
including land and cash

    6.Form and quantity of foreign investment expected: 15.183 million
US dollars of cash

    7.Period of return on investment: 6.44 years(including the construction
time)

    8.Profile of the project: The project is situated in Shanhaiguan Laolongtou 
holiday-spending Area in Qinhuangdao, Hebei province. The project site is 
close to the Shihe River mouth to the sea,the opposite to the sea-watching building 
of Laolongtou in the east, faces the Bohai Sea on the south, is adjacent to the Tianfu 
Holiday-spending Area in the west and near the Longyuan Road to the north.
The project is divided into two phases with a planned area of 154.6 hectares.
In the first phase 100 hectare will be taken up, and an 18-hole golf ground, 
a tennis ground and a recreation center will be built. 

    9.The project belongs to: the category B of foreign-invested industries
permitted by the State

    10.Chinese part: Qinhuangdao shanhaiguan Tourism-developing Corporation

    11.The project status: The project was approved by Hehei Planning Committee and China 
Tourism Bureau in 2000. The feasibility study and the environment evaluation report 
were approved respectively by Hebei Planning Committee and Hebei Environment 
Protection Bureau.

    12.Contact With:
    Full Name: Pan Jie, Liu Lixin
    Tel: 0086-335-5052520
    Fax: 0086-335-5063187