Loan
      Agreement

    


    By
      and between

    


    Tianjin
      Shengkai Industrial Technology Development Co., Ltd.

    


    and

    


    Shengkai
      (Tianjin) Ceramic Valve Co., Ltd.

    


    May
      30th,
      2008


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      Loan
        Agreement 
        
          

        

      



    Loan
      Agreement

    


    This
      Loan
      Agreement (this “Agreement”) is executed by and between the following Parties on
      May 30th,
      2008,
      in Tianjin, PRC.

    


    (1)
      All Shareholders of Tianjin Shengkai Industrial Technology Development Co.,
      Ltd.
      (hereinafter collectively called the “Borrowers” or “Party
      A”),
      and the
      shareholding structure refers to the following:

     

    
      	
              Name
                of Each

              Shareholder

            	 	
              Shareholding

              Ratio
                (%)

            	 	
              ID
                Card No.

            	 	
              Contact
                Address

            
	
              Wang Chen

            	 	
              71.39%

            	 	
              120103196412022118

            	 	
              204-209,Gate
                8,Zhonghuan Deppartment,No.2 Road, Wujiayao, Heping District,
                Tianjin

            
	 	 	 	 	 	 	 
	
              Guo Wei

            	 	
              13.33%

            	 	
              120103196607222128

            	 	
              204-209,Gate
                8,Zhonghuan Department,No.2 Road, Wujiayao, Heping District,
                Tianjin

            
	 	 	 	 	 	 	 
	
              Zhao Yanqiu

            	 	
              6.55%

            	 	
              2310851197903050762

            	 	
              Tuanjie
                Wei, Muleng Town, Muleng City, Helongjiang Province

            
	 	 	 	 	 	 	 
	
              Ji Haihong

            	 	
              6.55%

            	 	
              140102197002012349

            	 	
              No.7,Unit1,4th/F,No.11,Xinmin
                Zhongjie,Xinghualing District, Taiyuan City,Shanxi
                Province

            
	 	 	 	 	 	 	 
	
              Zhang Ying

            	 	
              0.48%

            	 	
              51010319740824628X

            	 	
              No.3,4th/F,
                Dong 315, Huangtian Bawei 4th Road, Qingyang District, Chengdu
                City

            
	 	 	 	 	 	 	 
	
              Miao Yang

            	 	
              0.48%

            	 	
              110108197106111811

            	 	
              No.1905,No.1Building,
                Yangguang 100 International Department, No.2, Guanghua Road,Chaoyang
                District, Beijing

            
	 	 	 	 	 	 	 
	
              Chen Fang

            	 	
              0.48%

            	 	
              440402197211205769

            	 	
              Room
                401, Unit 1, Dong 3,No.2013,Xiangzhou Fenghuang North Road,
                 Xiangzhou
                District,Zhuhai City,Guangzhou Province

            
	 	 	 	 	 	 	 
	
              Wu Yanping

            	 	
              0.37%

            	 	
              120106196505060526

            	 	
              No.101,Gate
                3,No.25 Building,Xinghuali,Shengli Street,Da Gang
                District,Tianjin

            
	 	 	 	 	 	 	 
	
              Liu Naifan

            	 	
              0.37%

            	 	
              372832196010257414

            	 	
              Dormitory
                District,Yinan Gold Mine,Yinan County,Shandong
                Province

            


    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    Loan
      Agreement 
      

    


    (2)
      Shengkai (Tianjin) Ceramic Valve Co., Ltd. (hereinafter referred to as the
      “Lender” or “Party B”) 

     

    Legal
      Representative : Wang
      Chen

     

    Address
      :
Room
      A2-191, No.166 Xisandao, Konggang Logistics Processing Zones,
      Tianjin

    


    (Party
      A
      and Party B are collectively called “the
      Parties” and individually called “each Party” or “a Party” in this agreement.)


    


    WHEREAS:

    


    (1)
      Borrowers (Party A) hold 100% of the equity interests in Tianjin Shengkai
      Industrial Technology Development Co., Ltd. (the “Company”);

    


    (2)
      Party
      B is a wholly foreign-owned enterprise incorporated under PRC laws;

    


    (3)
      Party
      A desires to secure a loan from Party B, for the purpose of increasing the
      registered capital of the Company, by pledging its equity in the Company to
      Party B as a guaranty of the loan, and Party B agrees to provide the loan to
      Party A ; 

    


    NOW,
      THEREFORE, The
      Parties have agreed through friendly negotiation to the terms and conditions
      with respect to the loan hereunder as follows:

    


    1.
      DEFINITION

    


    Except
      where provided otherwise, the terms used in this Agreement shall
      mean:

    


    1.1
“PRC”
      refers to the People’s Republic of China, excluding the Hong Kong Special
      Administrative Region, Macao Special Administrative Region and Taiwan
      Province;

    


    1.2
“PRC
      Laws” refers to all PRC laws, administrative regulations and government rules in
      effect;

    


    1.3
“RMB”
      refers to the legal currency within the PRC;

    


    1.4
      “Loan” refers to the Total Principal to be loaned to the Borrowers by the Lender
      in accordance with Article 2 hereunder;


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      Loan
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    1.5
“The
      Company” refers to Tianjin Shengkai Industrial Technology Development Co., Ltd.,
      a domestic company which is incorporated and validly existing under PRC Laws;
      its business license No. is 120191000015144, and its registered address is
      Room324, 3/F, 1stStreet, Tianjin Economic-Technological Development
      Area;

    


    1.6
      “Shareholder” refers to each of the Shareholders in the Company;

    


    1.7
      “Equity” or “Equity Interests” refers to the equity interests in the
      Company;

    


    1.8
      “Equity Transfer” refers to the assignment of Equity Interests in the Company
      held by Party A to Party B or its designated third party in accordance with
      the
      provisions of the exclusive purchase option agreement (the “Exclusive Purchase
      Option Agreement”) executed on May 30th,
      2008.

    


    1.9
      “Asset Transfer” refers to the assignment of the assets of the Company by the
      Company to Party B or its designated third party in accordance with the
      provisions of the Exclusive Purchase Option Agreement.

    


    1.10
      “Consideration for Equity Transfer” has the meaning set forth in Section 6 of
      this Agreement.

    


    1.11
      “Consideration for Assets Transfer” has the meaning set forth in Section 6 of
      this Agreement.

    


    2.
      THE TOTAL LOAN AMOUNT 

    


    2.1
      The
      total principal amount of the loan hereunder is RMB 49,000,000Yuan (the “Total
      Principal”), and the amount and ratio of the loan to be made to each Shareholder
      are as set forth in the following table: 

    


    
      	
              Name of the

              Shareholders

            	 	
              Amount of the Loan

              (Ten Thousand Yuan)

            	 	
              Percentage of Total

              Principal
                ( %
                )

            	 
	
              Wang
                Chen

            	 	 	
              34,981,100

            	 	 	
              71.39

            	
              %

            
	
              Guo
                Wei

            	 	 	
              6,531,700

            	 	 	
              13.33

            	
              %

            
	
              Zhao
                Yanqiu

            	 	 	
              3,209,500

            	 	 	
              6.55

            	
              %

            
	
              Ji
                Haihong

            	 	 	
              3,209,500

            	 	 	
              6.55

            	
              %

            
	
              Zhangying

            	 	 	
              235,200

            	 	 	
              0.48

            	
              %

            
	
              Miao
                Yang

            	 	 	
              235,200

            	 	 	
              0.48

            	
              %

            
	
              Chen
                Fang

            	 	 	
              235,200

            	 	 	
              0.48

            	
              %

            
	
              Wu
                Yanping

            	 	 	
              181,300

            	 	 	
              0.37

            	
              %

            
	
              Liu
                Naifan

            	 	 	
              181,300

            	 	 	
              0.37

            	
              %

            


    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      Loan
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    3.
      TERM OF THIS AGREEMENT

    


    3.1
      Unless otherwise provided, the term of this Agreement shall begin from the
      Effective Date and expire when the loan is completely repaid by the Borrowers
      in
      accordance with the provisions of Article 6 hereunder.

    


    4.
      LOAN USAGE

    


    4.1
      The
      full amount of the loan provided hereunder shall be used to increase the
      registered capital of the Company, and the Borrowers shall in no event change
      the usage without the prior written consent of the Lender.

    


    4.2
      The
      Borrowers shall cause the Company to complete the registration of the Company
      with the competent Administration Bureau of Industry and Commerce in respect
      of
      the increase in the registered capital of the Company within 30 business days
      upon receipt of the Loan hereunder, and such period may be prolonged upon the
      consent of the Lender.

    


    5.
      LOAN INTEREST 

    


    5.1
      Except as provided in Section 5.2 hereunder, the Loan hereunder shall be
      interest-free.

    


    5.2
      If
      the Consideration for Equity Transfer or the Consideration for Asset Transfer,
      in accordance with Section 6 hereof, is higher than the Total Principal as
      a
      result of the requirements of then applicable law or for any other reason,
      the
      excess shall be deemed to be loan interest/utilizing fees of the Loan to the
      largest extent permitted by PRC Laws, and will be paid to Party B by Party
      A
      together with loan principal.

    


    6.
      LOAN REPAYMENT 

    


    6.1
      The
      Loan shall be repaid upon receipt of written notice sent by Party B to Party
      A
      (the “Repayment Notice”), which shall instruct Party A to repay the Loan in
      accordance with Section 6.3.1 or 6.3.2 hereof.

    


    6.2
      The
      Repayment Notice shall indicate the term of repayment, which shall be adjusted
      from time to time by Party B in accordance with the provisions of PRC Laws
      regarding equity transfers (the “Repayment Term”).

    


    6.3
      Except as provided otherwise by the Repayment Notice, Party A shall make payment
      to Party B during the Repayment Term as follows:


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      Loan
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    6.3.1
      In
      the event of any Equity Transfer by Party A, the after-tax consideration paid
      to
      Party A in exchange for such Equity Transfer (including the principal and
      interest of the loan, if applicable) (hereinafter referred to as the
“Consideration for Equity Transfer”) shall be used by Party A to repay the Loan
      to Party B;

    


    6.3.2
      In
      the event that the Company receives consideration for any Asset Transfer, Party
      A shall cause the Company to adopt a plan of profit distribution to transfer
      all
      after-tax income of the Company to Party B to the greatest extent permitted
      by
      PRC Laws, in order to repay the loan made by Party B under this
      agreement.

    


    6.4
      If
      the Consideration for Equity Transfer or Consideration for Asset Transfer is
      lower than the total principal under this Agreement, Party A shall be exempted
      from the shortfall repayment obligation.


    


    7.
      CONDITONS FOR GRANTING OF THE LOAN

    


    7.1
      The
      loan shall be granted only upon satisfaction of all the following
      conditions:

    


    
      	
            	7.1.1	
              Party
                A shall cause the Shareholders General Meeting of the Company to
                approve
                increasing the registered capital by an amount equal to the Total
                Principal.

            


    

    


    
      	
            	7.1.2	
              Party
                A, or the Company on behalf of Party A, shall execute all documents
                necessary for the registration with the competent Administration
                Bureau of
                Industry and Commerce in respect of the increase of registered capital
                of
                the Company.

            


    

    


    7.2
      Party
      B shall grant the Loan immediately and deposit it in the escrow account as
      agreed by Party B for increasing the registered capital of the Company after
      it
      receives written evidence which proves that Party A has fulfilled all the
      conditions under Section 7.1 hereof.


    


    8.
      WARRANTIES AND UNDERTAKINGS

    


    8.1
      Party
      A hereby represents and warrants to Party B that, as of the execution date
      of
      this Agreement:

    


    8.1.1
      Party A legally holds 100% of the Equity in the Company;

    8.1.2
      Except as otherwise provided in the Equity Pledge Agreement and Exclusive
      Purchase Option Agreement, there is no pledge or other form of encumbrance
      on
      the Equity;


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    Loan
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    8.1.3
      There are no material debts which will adversely affect the Equity of Party
      A;

    8.1.4
      Execution of this Agreement by Party A shall not constitute a breach of the
      articles of association of the Company.

    


    8.2
      Party
      A warrants to Party B that, as of the execution date of this
      Agreement:

     

    8.2.1
      Except as otherwise provided in the Equity Pledge Agreement and Exclusive
      Purchase Option Agreement, without Party B’s prior written consent, Party A
      shall not transfer, sell, mortgage or otherwise dispose of assets or income
      of
      the Company;

    8.2.2
      Without Party B’s prior written consent, Party A shall not supplement or amend
      the articles of association or rules of the Company, nor shall it increase
      or
      decrease the registered capital or change the shareholding structure of the
      Company in any manner;

    8.2.3
      Without Party B’s prior written consent, Party A shall not cause or allow the
      Shareholders’ General Meeting of the Company to approve the resolutions for the
      Company or any subsidiary controlled or wholly owned by the Company to dissolve,
      liquidate or change legal form;

    8.2.4
      Without Party B’s prior written consent, Party A shall not cause or allow the
      Shareholders’ General Meeting of the Company to approve any Profit Distribution
      Proposal, nor shall it accept such a distributed dividend; and at Party B’s
      request, Party A shall promptly approve a Profit Distribution Proposal and
      accept such a distributed dividend;

    8.2.5
      At
      Party B’s request, Party A shall provide Party B with all information regarding
      Party B’s business operations and financial condition;

    8.2.6
      Without Party B’s prior written consent, Party A shall not incur or succeed to
      any debts or liabilities which may adversely affect its Equity
      Interests;

    8.2.7
      Party A shall appoint, and appoint only, the candidates nominated by Party
      B to
      the board of directors of the Company, and shall not replace such candidates
      without Party B’s written consent;

    8.2.8
      Without Party B’s prior written consent; Party A shall not cause or allow the
      board of directors of the Company appointed by Party A to approve any
      acquisition of, any consolidation with, or any investment in any third
      party;

    8.2.9
      Party A shall promptly notify Party B of any pending or threatened lawsuit,
      arbitration or administrative dispute which involves the assets, business or
      income of the Company; and shall make every effort to take action to resolve
      such lawsuit, arbitration or administrative dispute in order to safeguard the
      legal rights and interests of the Company;

    8.2.10
      Without Party B’s prior written consent, Party A shall not commit any act or
      omission that would materially affect the Company’s assets, business or
      liabilities;


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    Loan
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    8.2.11
      Party A shall strictly comply with the provisions of this Agreement, and
      effectively perform its obligations hereunder, and shall be prohibited from
      committing any act or omission which may affect the validity or enforceability
      of this Agreement.

    


    8.3
      Party
      A
      warrants to Party B that it shall
      use
      its best efforts to ensure that the Company:

     

    8.3.1
      shall not, without Party B’s prior written consent, supplement or amend the
      articles of association or rules of the Company, or any subsidiary controlled
      or
      wholly owned by the Company, in any manner, nor shall it increase or decrease
      the registered capital or change the shareholding structure of the aforesaid
      entities in any manner;

    8.3.2
      shall prudently and effectively maintain its business operations according
      to
      good financial and business standards so as to maintain or increase the value
      of
      its assets;

    8.3.3
      shall not transfer, mortgage or otherwise dispose of the lawful rights and
      interests to and in its assets or incomes, nor shall it encumber its assets
      and
      income in any way that would affect Party B’s security interests unless as
      required for the business operations of the Company or upon prior written
      consent by Party B;

    8.3.4
      shall not incur or succeed to any debts or liabilities without Party B’s prior
      written consent;

    8.3.5
      without Party B’s prior written consent, shall not enter into any material
      contract (exceeding RMB 3,000,000 in value);

    8.3.6
      without Party B’s prior written consent, shall not provide any loans or guaranty
      to any third party;

    8.3.7
      at
      Party B’s request, shall provide Party B with all information regarding the
      Company’s business operation and financial condition;

    8.3.8
      without Party B’s prior written consent, shall not acquire or consolidate with
      any third party, nor shall it invest in any third party;

    8.3.9
      shall
      promptly notify Party B of any pending or threatened lawsuit, arbitration or
      administrative dispute which involves the assets, business or income of the
      Company; and shall make every effort to take action to resolve such lawsuit,
      arbitration or administrative dispute in order to safeguard the legal rights
      and
      interests of the Company;

    8.3.10
      without Party B’s prior written consent, shall not distribute any dividends to
      the shareholders in any manner, and, at Party B’s request, shall promptly
      distribute all distributable dividends to the shareholders;

    8.3.11
      without Party B’s prior written consent, shall not commit any act or omission
      that would materially affect the Company’s assets, business or
      liabilities.



    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    Loan
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    9.
      GUARANTY OF THE LOAN

    


    9.1
      To
      secure the repayment of the debts under this Agreement, Party A agrees to pledge
      all its equity in the Company to Party B, and both Parties agree to execute
      the
      Equity Pledge Agreement with respect thereto. 

    


    10.
      TAX AND EXPENSE

    


    10.1
      The
      Parties shall pay their respective taxes and expenses in relation to the
      execution and performance hereof in accordance with PRC Laws.

    


    10.2
      Party B shall pay taxes and expenses in accordance with Section 6.4 hereof
      (if
      applicable).

    


    11.
      ASSIGNMENT OF AGREEMENT 

    


    11.1
      Party A shall not transfer any or all of its rights and obligations under this
      Agreement to any third party without the prior written consent of Party
      B.

    


    11.2
      The
      Parties agree that Party B shall have the right to transfer any or all of its
      rights and obligations under this Agreement to any third party upon a six (6)
      days’ written notice to Party A without approval by Party A.

    


    12.
      LIABILITIES AND INDEMITIES FOR BREACH OF THIS AGREEMENT 

    


    12.1
      If
      Party A uses the Loan other than in compliance with the terms of this Agreement,
      Party B shall require Party A repay the improperly used part
      promptly.

    


    12.2
      If
      Party A breaches the warranties and undertakings as provided in Article 8 hereof
      or other provisions under this Agreement and fails to redress such breach within
      60 days upon receipt of written notice from Party B, Party B shall be entitled
      to require Party A to repay the granted Loan promptly. 

    


    13.
      EFFECTIVENESS, MODIFICATION AND CANCELLATION

    


    13.1
      This
      Agreement shall take effect on the date of execution hereof by Party A and
      the
      duly authorized representatives of Party B.

    


    13.2
      The
      modification of this Agreement shall not be effective without written agreement
      through negotiation. If the Parties do not reach an agreement as to
      modification, this Agreement remains effective.

    


    13.3
      This
      Agreement shall not be discharged or canceled without written agreement through
      negotiation, provided that Party B may, by giving thirty (30) days’ prior notice
      to Party A, terminate this Agreement.


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

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    13.4
      Unless Party B fails to grant the Loan as required hereunder after the
      satisfaction of all conditions as set forth in Section 7.1 hereof by Party
      A,
      Party A shall in no event unilaterally terminate this Agreement.

    


    13.5
      If
      Party B fails to provide the Loan in accordance with the terms hereof, this
      Agreement shall be automatically terminated.

    


    14.
      CONFIDENTIALITY

    


    14.1
      Any
      information, documents, data and all other materials (herein “confidential
      information”) arising out of the negotiation, signing, and implementing of this
      Agreement shall be kept in strict confidence by the Parties. Without the written
      approval of the other Parties, no Party shall disclose to any third party any
      relevant materials, but the following circumstances shall be
      excluded:

    (1)
       Material that is known or may be known by the Public (but not including
      material disclosed by each party receiving the materials);

    (2) 
      Material required to be disclosed subject to the applicable laws or the rules
      or
      provisions of a stock exchange; or 

    (3) 
      Material disclosed by each Party to its legal or financial consultant relating
      to the transaction of this Agreement, and this legal or financial consultant
      shall comply with the confidentiality set forth in this Section. The disclosure
      of confidential material by staff or a consignee of any Party shall be deemed
      to
      be disclosure of such materials by such Party, and such Party shall bear the
      liabilities for breaching the contract.

    


    14.2
      This
      Clause shall survive whether this Agreement is invalid, amended, revoked,
      terminated or incapable of implementation for any reason. 

    


    15.
      FORCE MAJEURE

    


    15.1
      “Force Majeure” refers that any event that could not be foreseen, and could not
      be avoided and overcome, which includes among other things, but without
      limitation, acts of nature (such as earthquakes, flood or fire), government
      acts, strikes or riots. 

    


    15.2
      If
      an event of force majeure occurs, any of the Parties that is prevented from
      performing its obligations under this Agreement by an event of force majeure
      shall notify the other Party without delay and within fifteen (15) days of
      the
      event provide detailed information about and notarized documents evidencing
      the
      event, shall take appropriate means to minimize or remove the negative effects
      of force majeure on the other Party and shall not assume the liabilities for
      breaching this Agreement. The Parties shall continue performing this Agreement
      after the event of force majeure disappears.


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

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    16.
      GOVERNING LAW AND DISPUTE RESOLUTION

    


    16.1
      The
      effectiveness, interpretation, implementation and dispute-resolution related
      to
      this Agreement shall be governed under PRC Laws.

    


    16.2
      Any
      dispute arising out of this Agreement shall be resolved by both parties through
      mutual negotiation. If both parties cannot reach an agreement within 30 days
      from the date on which the dispute is brought forward, either Party may submit
      the dispute to the Beijing Arbitration Commission for arbitration under its
      applicable rules, and the language of arbitration proceedings shall be Chinese.
      The arbitration award shall be final and binding upon both parties.

    


    16.3
      During the process of dispute-resolution, both parties shall continue to perform
      other terms under this Agreement, except for the provisions subject to the
      dispute resolution.

    


    17.
      MISCELLANEOUS

    


    17.1
      The
      Parties acknowledge that this Agreement constitutes the entire agreement of
      the
      Parties with respect to the subject matters herein and supersedes and replaces
      all prior or contemporaneous oral or written agreements and understandings.
      

    


    17.2
      This
      Agreement shall bind and benefit the successor of each Party and any transferee
      permitted hereunder with the same rights and obligations as if such successor
      or
      transferee were an original party hereto. 

    


    16.3
      Any
      notice required to be given or delivered to the Parties hereunder shall be
      in
      writing and delivered to the address as indicated below or such other address
      or
      as such party may designate, in writing, from time to time. All notices shall
      be
      delivered by personal delivery, fax or registered mail. It shall be deemed
      to be
      delivered upon: (1) registered air mail: 5 business days after deposit in the
      mail; (2) personal delivery: 2 business days after transmission. If the notice
      is delivered by fax, it should be confirmed by original through registered
      air
      mail or personal delivery:

    


    The
      Representative designated by Party A:

    Contact
      person: Wang Chen

    Address:
      Room324, 3/F, 1stStreet, Tianjin Economic-Technological Development
      Area

    Tel:
      86-22-28590002  Fax:
      86-22-28590003

    


    Party
      B:

    Contact
      person: Wang Chen

    Address:
      Room A2-191, No.166 Xisandao, Konggang Logistics Processing Zones,
      Tianjin

    Tel:
      86-22-28590002 Fax: 86-22-28590003


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

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    17.4
      This
      Agreement is executed in eleven originals with each of the person for signing
      this Agreement holding one original, and each of originals shall be equally
      valid and authentic.



    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


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    IN
      WITNESS THEREFORE,
      the
      parties hereto have caused this Agreement to be executed and delivered as of
      the
      date first above written.

     

    For
      and on behalf of

    


    Party
      A All
      Shareholders of Tianjin Shengkai Industrial Technology development Co., Ltd.
      

    


    
      	
              Name of the

              Shareholders

            	 	
              Signature

            	 	
              Name of the

              Shareholders

            	 	
              Signature

            
	
              Wang Chen

            	 	
              /s/ Wang Chen

            	 	
              Guo Wei

            	 	
              /s/ Guo Wei

            
	
              Zhao Yanqiu

            	 	
              /s/ Zhao Yanqiu

            	 	
              Ji Haihong

            	 	
              /s/ Ji Haihong

            
	
              Zhang Ying

            	 	
              /s/ Zhang Ying

            	 	
              Miao Yang

            	 	
              /s/ Miao Yang

            
	
              Chen Fang

            	 	
              /s/ Chen Fang

            	 	
              Wu Yanping

            	 	
              /s/ Wu Yanping

            
	
              Liu Naifan

            	 	
              /s/ Liu Naifan

            	 	 	 	 


    

    


    Party
      B Shengkai
      (Tianjin) Ceramic Valves Co., Ltd. (Seal)

    


    Legal
      Representative (or Authorized Representative): Wang Chen

    


    
      	
              Signature

            	
              /s/ Wang Chen