1**Exhibit 4.26****Contract Summary of Project Management Agreement**Part I — Key Particulars       Project:  Construction of a flexible print circuit factory facility at Land Lot No. A64-2, MeicunGongye Jizhongqu, Wuxi Xinqu, the People’s Republic of China       Parties:  (1) Zastron Precision-Flex (Wuxi) Company Limited (“the Company”), a company incorporatedunder the laws of the PRC; and          (2) Parsons Brinckerhoff Constructors (Shanghai) Company Limited (“the Consultant”), a companyincorporated under the laws of the PRC.       Date of Contract: 30 July 2007       Contract Sum: RMB8,300,000Part II — Material TermsThe followings are the material terms of the subject contract in relation to the rights andobligations of the parties:-1. The Company and the Consultant entered into the contract under which the Consultant isengaged to carry out all project management services (“the Services”) for the Company for theProject and all construction contracts with various contractors to complete the Project.(Recital B) 2. The Consultant is obliged to perform the Services to the satisfaction of the Company.(Clause 2.2) 3. The Company may at any time require the Consultant to perform Additional Services inconnection with the Project and the Consultant shall perform upon such requests. (Clause 2.4) 4. The Consultant confirms to the Company that it possesses a high level of expertise andexperience in relation to the Services and Additional Services. In addition, it acknowledgesthat the Company has entered into the contract in reliance of such representation made priorto the date of this contract; and that the Company relies on the Consultant’s expertise andexperience in performing the Services and Additional Services. (Clause 3.1) 5. If in the opinion of the Company the performance or conduct of any person for the time beingappointed to carry out the Services has been unsatisfactory, it may require removal of suchperson from his current position and prompt replacement, after consulting the Company andobtained its written consent. (Clause 4.2) 6. If in the opinion of the Company the staff or any element of the staff utilised by theConsultant in the performance of the Services are inadequate, it may after consulting theConsultant require the Consultant forthwith to employ and utilise such additional

 

2  and/or more or differently qualified, expert or experienced staff as the Company reasonablyconsiders to be necessary (Clause 4.3). If the Consultant fails to do so within a reasonableperiod of time, the Company may employ on such terms and conditions it thinks fit suchnumber of staff with elements it considers necessary and require utilisation (Clause 4.4). 7. The Consultant’s entitlement to payment for performance of the Services and any otherobligations in accordance with Schedule 3 shall be its total and only entitlement to payment.(Clause 5.2) 8. The Consultant shall timeously comply with or perform all instructions and directions givenby the Company in relation to the Services. It shall coordinate with the Company or itsaffiliate Zastron Precision-Tech Limited and all other appointed consultants for the Projectto perform the Services. (Clause 6.1) 9. The Consultant shall maintain in full force and effect with a well-established, substantialand reputable insurance office in a form and upon terms and conditions approved by the Companyprofessional indemnity insurance, providing a level of indemnity of not less thanRMB13,000,000 for any occurrence or series of occurrences arising out of any one event inrespect of the liability of the Consultant to the Company or to any other person, or inrespect of any negligent act or omission of the Consultant or otherwise. (Clause 7.1) 10. The Consultant shall ensure that the insurance is maintained in full force and effect for theperiod of 12 years from the date of this contract. It shall also, whether or not it be on thesame insurance policy, maintain in the same period sufficient insurance to cover potentialclaims raised by third parties against the Consultant in performing the Project. If for anyreason it fails to maintain the insurance, it shall immediately inform the Company in writing.The Company has the option to require the Consultant to enter into alternative arrangements,or to take out and maintain in force such insurance and deduct the requisite amount from anymonies due or become due to the Consultant, or to recover the same as a debt due from theConsultant. (Clause 7.2) 11. Except when necessary under this contract, no Confidential Information shall be disclosed bythe Consultant without prior written consent of the Company (Clause 8.1) and the Company shallbe entitled to an injunction for any breach of confidentiality (Clause 8.4). 12. Restrictions in the confidentiality clause shall continue to apply after termination of thiscontract. (Clause 8.5) 13. The Company may at any time require the Consultant to permanently cease (Clause 9.1) or tosuspend (Clause 9.2) the performance of all or any part of the Services and/or the AdditionalServices by giving 30 days in advance notice in writing with relevant specifications. Such anotice, if ceasing all performance, shall operate to terminate this contract (Clause 9.1). 14. The Company may at any time require the resumption of the performance of any or all Servicesand/or the Additional Services or the suspended performance by giving notice

 

3  in writing with relevant specifications. The Consultant is entitled to be paid by theCompany such sum as the Company considers to be equal to the additional cost reasonably andnecessarily incurred by the Consultant for the purpose of resuming performance of theServices and/or the Additional Services. (Clause 9.3) 15. If the Company does not within a period of 30 working days require the resumption of theperformance of suspended Services and/or Additional Services, then upon expiry of such periodthe Company will be deemed to have required the Consultant to cease the performance of suchServices and/or the Additional Services. (Clause 9.4). 16. If the Company fails to pay any sum due to the Consultant within a period of 7 working daysafter it has become due (Clause 9.5), or if the Consultant fails to comply with any term ofthis Agreement (Clause 9.6), then the Consultant/ Company shall be entitled by registered postto give 14 working days’ notice in writing specifying the breach and requiring rectificationwithin such period of notice and if upon the expiry of such notice, such default stillpersists, the Consultant/ Company may within 7 days thereafter be entitled to give notice inwriting by registered post to forthwith terminate this contract. 17. If the decision of cessation or suspension was not made because of, any breach by theConsultant of any of its obligations under this contract or because the Company had reasonablegrounds to suspect the Consultant might be or become unable to perform the Services and/or theAdditional Services or if the Consultant terminates this contract pursuant to 9.5, then theConsultant shall be entitled to payment pursuant to 5.1 of such sum as the Company considersto be fair and reasonable having regard to the nature and extent of the Services and/or theAdditional Services performed between the time at which the last payment was made to theConsultant pursuant to 5.1 and the time of the cessation or suspension. (Clause 10.1) 18. If the Company requires cessation or suspension of performance of any or all Services and/orthe Additional Services, or if this contract is terminated pursuant to 9.5 or 9.6, then theConsultant shall immediately take such action as may be necessary or desirable to bring to anend in an orderly manner the Services and/or the Additional Services, but in the case ofsuspension, in such a manner that the performance of the Services and/or the AdditionalServices may be resumed as soon as possible with the minimum possible additional cost ifresumed later. Unless the decision was made because of, any breach by the Consultant or, theCompany had reasonable grounds to suspect the Consultant may be or become unable to perform,then the Consultant shall be entitled to be paid by the Company such sum as the Companyconsiders to be the additional cost reasonably and necessarily incurred by the Consultant forthe purpose of taking the above actions. (Clause 10.4) 19. If the Company requires cessation or suspension of performance of any or all Services and/orthe Additional Services, or if this contract is terminated pursuant to 9.5 or 9.6, theConsultant shall deliver and make available to the Company all documents, information,property and materials of the Company and all documents, information, property and materialswhich are in the ownership, possession, custody or control of the Consultant or anysub-contractor of the Consultant (or representatives) and shall give all such assistance andadvice as the Company may request to effect a smooth handover to the Company or any otherperson authorised by it. The Consultant expressly waives

 

4  any lien or other right it might have to retain possession or ownership of such pendingpayment of any amounts due to it. (Clause 10.5) 20. The Company, its subsidiaries or affiliates is entitled to use all or any design documentsfor the purposes of this project or any of its other projects. (Clause 10.7) 21. The Consultant shall indemnify and keep indemnified the Company from and against any loss,cost, liability, damage, claim or proceeding of whatsoever nature which the Company incurs orsuffers as a direct consequence of or in connection with or arising out of any act, negligentact, or omission on the part of the Consultant, its sub-contractors, delegates, servants oragents resulting in: (a) any breach by the Consultant, its servants, agents, delegates orsub-contractors; (b) any breach of any warranty given by the Consultant under this contract;(c) any person employed by the Company pursuant to 4.4. (Clause 12) 22. In case of any dispute or difference shall arise between the Company and the Consultant inconnection with or arising out of the contract or the performance of the Services, the partiesshall endeavour to resolve the dispute or difference by amicable negotiations failing whichsuch dispute or difference shall be referred to and determined by arbitration at the ChinaInternational Economic and Trade Arbitration Commission, Shanghai Commission. (Clause 20.1) 23. Parsons Brinckerhoff (Asia) Limited shall provide to the Company guarantee in respect of theConsultant’s due performance of its obligations under this contract. (Clause 20.2) 24. The subject contract shall be governed by and construed in accordance with the laws of thePeople’s Republic of China (excluding the law of Hong Kong, Macau and Taiwan). (Clause 21)**Part III — Omitted Terms**The following is a description of the terms of the subject contract that have been omitted fromthis summary:-1. The definition provision provides a list of definitions for certain terms in the subjectcontract. (Clause 1) 2. The scope of power provision gives the Company the option to specify the scope of powerof the Consultant. (Clause 11) 3. The subcontracting provision prohibits the Consultant from transferring its rights andobligations and from subcontracting its responsible tasks without the consent of the Companyor except as provided in Schedule 6. (Clause 13) 4. The language provision acknowledges that the subject contract is executed in Chinese.(Clause 14) 5. The vitiation provision provides for the severance of any vitiating clause from the bodyof the contract. (Clause 15)

 

56. The waiver provision provides that any omission, default or delay in the exercise of theright, power or remedial action by the Company shall not constitute a waiver of such right,power or remedial action. (Clause 16) 7. The revision provision provides for the revision or supplementation of the subjectcontract by written agreement by the Company and the Consultant or by the exercise of theCompany’s rights as specified in the subject contract. (Clause 17) 8. The notice provision specifies the method by which communications arising from or relatedto the subject contract are to be exchanged. (Clause 18) 9. The entire agreement provision maintains that the subject contract sets out in full theentire agreement between the Company and the Consultant. (Clause 19)*****************************The forgoing is a fair and accurate English translation of the summarized Project ManagementAgreement.