Part One: Description of the Proposed Project

1.1 Project Title: Project of producing degradable film with bioengineering method

1.2 Project Type: New, Permitted, Encouraged

1.3 General Description of Project (Including Main Products and Output, Technology, Marketing):

The degradable film is made from vegetable fiber with bioengineering method. There is no pollution during the process, and wasted film can degrade within 3 months. The domestic annual demand for this film is 1,200,000 tons. A 10,000 annual output factory can create profit of 270 million yuan RMB.

1.4 Industries: light industry projects

1.5 Intended Mode of Cooperation: Joint venture, or Cooperation

1.6 Intended Duration of Cooperation (in year): 10

1.7 Total investment (in 10,000 US Dollars): 7000

1.8 Local Investment and Structure (in 10,000 US Dollars):

Total: 3500, Including: (Capital, Equipment, Technology, Building, Land, and Others)

1.9 Pay back Period (in year): 5

1.10 Project Site: Zhengzhou National Economic & Technological Development Area, or other area that fit for the new building

1.11 Deckground Information:

Others: Completed with facilities of water, electricity, gas, traffic, communication and others.

1.12 Background Information: Pre-feasibility study

Part Two: Local Company Data

2.1 Summary of Chinese Part:

Name: Henan Fenglida Hi-tech Co., Ltd.

Address: 208 Room, No.32 Zhengqi Street, Zhengzhou

Post Code: 450008

Founding Date: April 29, 2001

Registered Capital: 3 million RMB

Contact Person: Chang Yuxian

E-Mail: Tygkj2335@sina.com

Phone: 0371-5956637-3588

Fax: 0371-5740809

Ownership: Co., Ltd

Number of employees: 33

2.2 Operation Conditions:

Business Scope: The degradable film reaches the national standard. The corporation's other by-products are green products, and the cost is less than those of other manufacturers.

Introduction: Production line has passed the test, and can be put into operation. Its products reaches international standard with adequate technology.