Project No.23

    1.The project name: Shanhaiguan Fishing Port

    2.Mode of cooperation: (1) In accordance with the international mode 
of BOT, the project can be invested, built and managed by foreign investors 
themselves. After the investors obtain profit for a period of time, the port
will be return to China without payment; (2) Establishing a joint venture: 
Chinese party takes the coastline land, waters as investment to share the 
future port, foreign party invests cash.

    The concerning matters will be discussed by adhering to the principles 
of equality, mutual benefit and consulation.

    3.Period of cooperation: 10 years

    4.Total investment: 13.29 million US Dollars

    5.Form and quantity of Chinese investment: 6.78 million US Dollars 
including land, coastline and waters

    6.Form and quantity of foreign investment expected: 6.51 million US 
Dollars of cash

    7.Period of returns on investment anticipated: 6.7 years

    8.Profile of the project: Shanhaiguan fishing port is located in 
Gouquzhai village of Shanhaiguan. It is a multi-function port mainly 
supplying replenishment and services for fishing boats and fishermen 
and conducting processing and trading of aquatic products. The total 
water area is 306,000m2; net water area is 150,000m2.  It can contain 
1,500 middle-sized or smaller fishing boats. Its handling capacity 
reaches more than 10,000 tons.

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

    10.Contact With:
    Full Name:  Li Tieshi, Wang Zhengying
    Tel:  0086-335-5053230
    Fax:  0086-335-8056974