Project No.20

    1.Name: The paper meal-box production line with annual    
output of 80million pieces

    2.Cooperation ways: Joint venture

    3.Cooperation period: 10 years

    4.Total investment: RMB13million

    5.Investment by Chinese side and formation: RMB9million   
and factory building.

    6.Expected foreign investment: equipment and RMB4million     

    7.Estimated payoff period: 1.65 years

    8.Outline of the project: The annual  demand for the meal  box 
is 40 billion pieces in China, however, the  annual output is only 
20billion pieces. The project is to form a complete production for 
Dingxin Group. Because it  belongs to a Hi-tech  and environmental  
protection project,  the government  shall  give a support on  the 
policy, and the demand surpass the supply, so  the  future is very 
optimistic.

   9.The project is subject to the foreign investment   
encouraged by the nation. 

   10.The outline of the enterprise:Qinhuangdo Xiangtai Trade    
co., Ltd. is  a  trade  company  invested by  natural  person, 
being  registered  in  the  development  zone, the registered 
capital is RMB10 million .

   11.The brief introduction of the project is available.
   Person in charge: Xinjie ding    
   Tel:  0335-8054640
   Fax:  0335-8056974