**Summary      of Guaranty Contract of Maximum Amount Entered into by and between Mr. Li      Xiangqian and Shenzhen Branch, China CITIC Bank Co., Ltd on May      9**
**th**

**,      2008**

**M**
**ain      contents**

**Guaranty      Responsibility**

**Scope      of Guaranty: **

**Guaranty      period:**

**Default      of contract: **

|   | 1) | Fail                in fulfilling the undertakings and guaranties as described in Item                7 of                this contract; 2) breach of other articles of this contract. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2) | In                the event of defaults by the guarantor, the creditor is entitled                to take                one or more of the following actions and the guarantor irrevocably                grants                the Creditor to take the following sixth actions without passing                legal                procedures: |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | a) | requires                the guarantor to correct the default in certain period; |
|--|----|---------------------------------------------------------------------------------|

|  | b) | declare                  the agreement becomes mature in advance to its original expiry                  date, and                  require the guarantor to undertake joint and severe responsibility; |
|--|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | c) | require                  the guarantor to pay additional 10% of the debt as penalty; |
|--|----|--------------------------------------------------------------------------------------|

|  | d) | requires                  the guarantor to compensate the material loss which can’t be remedied by                  the penalty; |
|--|----|----------------------------------------------------------------------------------------------------------------------------------------|

|  | e) | cancel                  the conduct that damages the interests of the                  Creditor; |
|--|----|--------------------------------------------------------------------------------------------------|

|  | f) | withdraw                  from any account of the guarantor to pay off the                  debt; |
|--|----|---------------------------------------------------------------------------------------------------|

|  | g) | take                  legal action against the guarantors’breach. |
|--|----|-------------------------------------------------------------------------|

**Headlines      of the **
**articles      omitted:**

|  | Ø | Termination                and explanation |
|--|--------|--------------------------------------------|

|  | Ø | Payment                on demand |
|--|--------|----------------------------------|

|  | Ø | Declaration                and guaranty |
|--|--------|-----------------------------------------|

|  | Ø | Independent                guaranty |
|--|--------|-------------------------------------|

|  | Ø | Fulfillment                of the responsibility and giving up of the                right |
|--|--------|--------------------------------------------------------------------------------------------|

|  | Ø | Attention                and notification |
|--|--------|-------------------------------------------|

|  | Ø | Dispute                settlement |
|--|--------|-----------------------------------|

|  | Ø | Contract                period |
|--|--------|--------------------------------|

|  | Ø | Text                copies |
|--|--------|----------------------------|

|  | Ø | Supplement                articles |
|--|--------|------------------------------------|

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