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Exhibit 10.32

Lease Agreement

(English Summary)

Date of Signing                    Jan 1, 2010 Lease Parties                  
 Great Shengda as lessee and Xin Shengda as lessor. Lease Address              
     2, Beitang Rd, Xiaoshan Economic and Technology Development Zone Lease Area
                   Land use right of 112,437 sqm Lease Purpose                  
 Industrial use Term                    From Jan 1, 2010 to Dec 31, 2012 Rent  
                 RMB 1 million per annual, payable at the end of each calendar
year

Termination

During the term of the Agreement, if lessee terminate the lease agreement, the
lessor shall have the right to decide if this Agreement will be continued or
terminated. In this circumstance, if lessor decides to terminate the Agreement,
lessor shall notify lessee in writing. Lessee shall make sure the validity of
its mailing address and notify lessor of any change of mailing address in
writing, otherwise, when lessor sends the notice to lessee’s designated mailing
address, the return date of the mail shall be deemed as the notice date.

   

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