13. Integration of Urban-villages Project in Lulong County, Qinhuangdao City

I. Project Content

The project is located in Lulong County,we will build resettlement housing in one area through the integration of 11 administrative villages. Total integration land area is 9,058.46 mu, among which the development and construction land area is 3,973.45 mu.

II. Investment Estimation & Financing

The estimated amount of the project investment is ＄325 million, among which the transforming fee of Hujiaxian River area is ＄78 million, Fanzhuang area transforming fee is ＄118 million, infrastructure auxiliary construction fee is ＄129 million, and the developers will in charge of all the investment capital.

III. Market Analysis

The project is located in the north of Yongping Street. Hujiaxian river area is close to the administration center, and Fanzhuang area is close to the country commercial center, they have very great geographical location and expansive development prospects.

IV. Construction Conditions

The project has complete supporting facilities such as: communication, water supply, power supply, transportation, gas etc.

V. Benefit Analysis

The construction period of the project is three years, the first year used in the preparation of formalities and land acquisition demolition works, after that is the two years development and construction period. Investment payoff period will recovering within one year after the completion of the project, the investment income mainly come from the sales of residential building and commercial premises.

VI. Cooperation Mode

Single proprietorship.

VII. Liaison

Contact person:Zhou Gengquan Tel:86-335-7176855

14. The Surroundings of Railway Station East Square, Tangshan City

I. Project Content:

The Surrounding Projects of Railway Station East Square are the removal and rebuilding reconstruction projects, containing two parts: residential reconstructed into commercial buildings, low commercial buildings and plants reconstructed into commercial buildings. It covers an area of 5.2 hectares.

Ⅱ. Investment Estimation and Financing:

The total investment of the project is about 146.2 million dollars and the sources of funding are investment.

III. Market Analysis

In cooperation with the renovation and expansion projects to the rooms of Tangshan Railway Station, the Railway Station East Square and its surrounding environment are going to be reconstructed, removed or integrated. The function and value of the land is going to be repositioned. The project, adjacent to the East Railway Station Square and located on both sides of major roads in Tangshan, has apparent commercial value. Currently, most of the buildings are multi-storey residential, low commercial, factory buildings, thus having the great value of reconstruction.

Ⅳ．Construction Conditions

The project is located in the west of Tangshan, on the north and south sides of Xinhua Road and on the east and west sides of Tsing Lung Road. The block on the south of Xinhua Road is located in back of Tangshan Jin Jiang International Hotel, and it is a residential district; the block on the north of Xinhua Road, is a furniture centre and a two-layer factory building. The transport facilities and geographical condition is superior.

Ⅴ．Benefit Analysis

According to the detailed regulatory plan of the railway station and the development of the railway stations surroundings in all parts of the country, the location of the project is of high commercial value. The functional positioning is accurate, and Xinhua Road itself is a business concentration of Tangshan. With the renovation and expansion of the rooms in Tangshan Railway Station, and the completion of Beijing-Tangshan intercity express, the economic benefits of this project would be very better and better.

Ⅵ．Cooperation Mode:

Various modalities of cooperation will be admitted.

Ⅶ．Liaison

Contact Person: Wang Weiying, Urban and Rural Planning Bureau of Tangshan Address: No. 8, Beixin West Road, Tangshan City, Tel / Fax: 86-315-2819123 E-mail: tssghjbyzx@sina.com

15. Reconstruction Project of Zhougezhuang Village of Langfang City

I. Project Content

The demolition area is 41.56 hectares. The planning land area of the backmoving and settlement project is 14.6 hectares and the planning land area of the compensation commercial building is 3.33 hectares, of which the planning land area of the parcel south to Aimin Road, west to Xinkai Road, and east to Jianshe Road is 12.0895 hectares; the planning land area of the parcel north to Aimin Road and east to Jianshe Road is 2.5184 hectares. Building area of 323,059 square meters will be built for backmoving and settlement buildings, auxiliary public buildings, kindergartens, etc.; building area of 80,000 square meters will be built for commercial residential buildings and the remaining land area of 20.13 hectares will enter the market for public bidding, auction and listing.

II. Investment Estimate & Financing

The total amount of investment of the project is USD 404.55 million. The source of fund is self-financing by the enterprise and investment inviting.

III. Market Analysis

Zhougezhuang Village is located in the center of Langfang City, adjacent to Xinhua Road. The parks, hospitals, schools, markets, theaters and other living facilities around it are complete. The project site has well-developed transport, beautiful environment, complete and perfect supporting facilities and advantageous geographical location. The land use benefit has great potential.

IV. Construction Conditions

The project is located in Zhougezhuang Village of Guangyang District. Langfang City Urban Construction Investment and Development Co., LTD. is responsible for the earlier stage of the demolition, providing net area and three supplies and one leveling. The relevant departments of the municipal government will conduct follow-up service of full course for the project.

V. Benefit Analysis

In addition to move back the households, the project will make commercial development of the regional land. The financial analysis results show that: The total amount of investment of the project is USD 404.55 million, and the total amount of the sales income is USD 512.11 million. After deducting the sales tax and surcharges, the investment profit margin of the project is 14.4%. The total amount of after tax profit is about USD 45.78 million and the after tax profit margin is 11.3%. The static investment recovery period is 2.98 years and the economic benefit of the project is good.

VI. Chinese Enterprise's Profile

Langfang Urban Construction Investment and Development Co., Ltd. was found in 1999 with the registered capital of RMB 7.32119 billion, acting as a solely state-owned enterprise found upon the approval of Langfang municipal government. Business scope includes: the state-owned asset authorized by municipal state-owned asset administration; being responsible for the development of urban infrastructure; the company's main functions are: on behalf of the municipal government to act as Party A of the management and use of the urban construction capital, responsible for the establishment, bidding, engineering budget and final accounts, the construction organization and funding, etc. of the new urban infrastructure project.

VII. Cooperation Mode

Sole proprietorship, joint venture, cooperation or BT, BOT.

VIII. Liaison

Contact Person: Zhu Guojing,Langfang Urban Construction Investment and Development Co., Ltd. Add: No.20 Zhongtai Construction Building, Guangyang Road, Guangyang District, Langfang City Tel: 86-316-2228062 Fax: 86-316-2228062 E-mail: lf5069@126.com