Contract
        of Employment

      


      


      


      Party
        A (Employer) Name: Qingdao
        Renmin Printing Co.,
        Ltd.                                         


      Registered
        Type:
        Limited
        Company                         


      Address:
        No.15, Xinghua Road, Licang
        District                 


      Postcode:
        266041                                                                      


      


      


      Party
        B (Employee) Name: Wang
        Yijun  Gender:
        Male                    
        

      Date
        of Birth:
        April 19,
        1951                     


      ID
        Number: 370202510419441                
        

      Address:
        401,
        Unit 2, Building 5, No.51, Donghai Road

      Postcode:
        266071         


      


      


      Pursuant
        to Labor
        Law of the People’s Republic of China
        and
        existing labor regulations as well as relevant rules, the Employment Contract
        is
        hereby made by and between Party A and Party B on the basis of equality and
        self-volition and agreement through negotiation, so as to determine the labor
        relationship that bind both Parties.

      [Term
        of the Contract]

      Article
        I
        Term of the contract shall be agreed by both Parties and the
        following
        (1)
mode
        will
        be adopted. 

      (1)
        With
        fixed term: From June 1, 2001 to April 19, 2011. 

      (2)
        Without fixed term: From _____ to the date agreed by both Parties to terminate
        the contract when the conditions for rescission or termination occur.


      (3)
        Within fixed time when certain amount of working task is finished: From_____
        to
        the date agreed by both Parties to terminate the contract when the work is
        completed. 

      Probation
        period regulated by both Parties is from_____ to______.

      [Job
        Description]

      Article
        2
        Based on the working requirements, Party A assigns Party B to engage the
        post of
management.
        

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Article
        3
        Party B shall obey the assignment of Party A and complete the task with the
        quality and quantity required by the post (profession). The task and
        responsibility of the exact post (profession) is as follows:
        Complete the task with the quality and quantity required and be responsible
        for
        quality of the product.

      Article
        4
        Party A shall verify the capability of Party B for the post (profession)
        by
        examination and assessment according to the post requirements. Party A may
        remove the post (profession) of Party B. In case of the change in production
        and
        business during valid period of the contract, the post (profession) of Party
        B
        can also be changed through negotiation by both Parties.

      [Labor
        Safety and Health]

      Article
        5
        Party A shall provide Party B with labor safety and health conditions in
        line
        with national, provincial and municipal regulations and with requisite labor
        protection articles.

      Article
        6
        Party A shall establish and improve labor safety and health system and the
        operation regulations on safe production. Party A shall conduct education
        to
        Party B concerning labor safety and health.

      Article
        7
        Party A shall implement special labor protection to the woman workers and
        minor
        as per relevant national, provincial and municipal regulations. If Party
        B is
        engaged in the post (profession) with vocational hazard, Party A shall follow
        relevant regulations to conduct regular health examination to Party B as
        per
        relevant regulations and grant the health care subsidy.

      Article
        8
        Both Party A and Party B shall strictly implement relevant national, provincial
        and municipal regulations on work-related injury and vocational disease report
        system. 

      During
        production (work), Party B shall strictly follow the safe production and
        operation regulations. When the managerial personnel of Party A instruct
        in
        breach of the regulation and force to take adventure in work, Party B has
        the
        right to refuse execution.

      [Working
        Time and Day-off & Holidays]

      Article
        9
        Party A arranges Party B to implement the working hour system in
        (1)
.

      (1)
        Standard working hour system is executed: Daily working hours of Party B
        are
        below 8 hours and weekly working hours are below 40 hours.

      (2)
        Comprehensive calculated working hour system is executed: Average daily and
        weekly working hours shall not be more than that regulated by law.

      (3)
        Irregular working hour system is executed: While Party A’s task is finished,
        working time and days-off & holidays can be arranged through negotiation by
        both Parties.

      When
        (2)
        and (3) working system are implemented, approval of the labor administrative
        department above county level is required.

      Article
        10 Due to working requirements, Party A may extend the working hours after
        negotiation with Party B and the trade union. Extended time is generally
        below
        one hour a day. If working time needs to extend due to the work requirements,
        the extended time is generally below three hours a day and aggregately below
        36
        hours a month, while guarantee the health conditions of Party B. 

      Article
        11 In any of following cases, Party A shall pay Party B remuneration higher
        than
        normal wage.

      (1)
        If
        Party B is arranged to extend working hours in workday, Party A shall pay
        Party
        B a wage not less than 150% of normal wage;

      (2)
        If
        Party B is arranged to extend working hours in day-off, Party A shall arrange
        Party B to enjoy holiday of the equal working time or pay Party B a wage
        not
        less than 200% of normal wage;

      (3)
        If
        Party B is arranged to extend working hours in legal holiday or festival,
        Party
        A shall pay Party B a wage not less than 300% of normal wage. 

      Article
        12 In any of following cases, extension of working hours and overtime in
        holiday
        and festival are free form limitation of Article 10.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      (1)
        In
        case of serious natural disaster, accident or other causes seriously to the
        detriment of the people’s life and health and national property safety that need
        emergent treatment;

      (2)
        Trouble in the production equipment, traffic and transportation facilities
        and
        public facilities affecting production and public interest that need emergent
        repair in time;

      (3)
        In
        case of legal holiday or festival and public vacation must be spent for
        equipment repair and maintenance; 

      (4)
        The
        work cannot be interrupted in the legal holiday or festival and public vacation;
        and 

      (5)
        Other
        case as regulated by laws and regulations.

      Article
        13 Party A shall follow national, provincial and municipal regulations to
        ensure
        Party B’s right of taking rest. During the period of contract, Party B enjoys
        home visiting, marriage and funeral, family planning women’s workers labor
        protection and other paid holidays as per national, provincial and municipal
        regulations.

      [Labor
        Discipline]

      Article
        14 Party A shall follow national labor laws, regulations and rules and relevant
        policies and take into consideration about situation in the unit to formulate
        and improve various rules and regulations and labor discipline. Party B shall
        strictly follow Party A’s rules and regulations and labor discipline, obey Party
        A’s management and keep Party A’s business secrete.

      Article
        15 Party B shall abide by rules and regulations formulated by Party A according
        to law.

      Article
        16 Provided Party B breaches Party A’s rules and regulations and labor
        discipline, Party A may make proper disposal as regulated by rules and
        regulations of the unit till the contract is terminated.

      [Labor
        Remuneration]

      Article
        17 Party A shall abide by the principle of distribution as per actual labor.
        According to national, provincial and municipal regulations and situation
        in the
        unit, especially the regulation not allowing wage lower than regulated in
        minimal wage guarantee in the city, Party A may independently formulate wage
        distribution system of the enterprise and determine way of payment and the
        wage
        standard of Party B’s wage.

      Article
        18 Party B provides normal service to Party A in the normal legal working
        time.
        Party A shall pay Party B the monthly wage in the form of currency. Wage
        is no
        less than RMB 320, where wage for the probation period is____.

      Article
        19 If Party A implements the system of calculation by piece or contract,
        it
        shall be executed as per Party A’s wage system while ensuring Party B’s minimal
        wage condition in line with relevant national, provincial and municipal
        regulations about minimal wage.

      Article
        20 In case of work suspension not due to Party B’s reason, Party A shall pay
        Party B basic living expenses as per relevant national, provincial and municipal
        regulations.

      Article
        21 During implementation of the contract, Party A shall properly adjust Party
        B’s labor remuneration as per production and operation and Party B’s actual
        working performance. 

      [Insurance
        Benefit] 

      Article
        22 Both Party A and Party B shall participate in social insurance as per
        relevant national, provincial and municipal regulations. Party A shall follow
        relevant national, provincial and municipal regulations to pay for Party
        B the
        pension, unemployment, medical, work-related injury, maternity and other
        social
        insurances. Social insurance premium due from Party B shall be paid by Party
        A
        in advance.

      After
        two
        parties terminate the contract, Party A shall follow relevant national,
        provincial and municipal regulations to handle the social insurance transfer
        procedures for Party B as per relevant regulations. 

      Article
        23 Provided Party B gets sick or non-work-related injury during the contract
        period, medial treatment and sick leave wage shall be paid according to relevant
        national, provincial and municipal regulations. 

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Article
        24 Provided Party B gets vocational disease or work-related injury during
        the
        contract period, Party A shall ensure medical treatment of Party B and make
        injury verification as per relevant national, provincial and municipal
        regulations and the wage and insurance benefit shall be implemented as per
        relevant national, provincial and municipal regulations. 

      Article
        25 During contract period, provided Party B gets sick or die from work, relevant
        treatment shall be implemented relevant national, provincial and municipal
        regulations.

      Article
        26 Treatment for the women workers during pregnant, maternity or breast feeding
        periods shall be implemented as per relevant national, provincial and municipal
        regulations. 

      Article
        27 Other insurance and benefit to be enjoyed by Party B shall be implemented
        as
        per relevant national, provincial and municipal regulations.

      [Contract
        Modification, Termination and Economic Compensation]

      Article
        28 In case of the law, regulation or relevant policy on which the contract
        concluded undergoes change, the corresponding contents of the contract shall
        be
        modified.

      Article
        29 If objective situation for conclusion of the contract undergoes great
        change
        and make the contract hard to be implemented, relevant contract contents
        can be
        modified through negotiation by both Parties. Then both Parties shall conclude
        agreement for modification and obtain accreditation by the labor administration
        department and the agreement shall be rendered as attachment of the
        contract.

      Article
        30 After negotiation by both Parties, the contract can be terminated. If
        Party A
        proposes termination of the contract, Party B shall be provided with
        compensation subsidy as per relevant national, provincial and municipal
        regulations.

      Article
        31 In any of following cases, Party A may terminated the contract at any
        time,
        without limitation of the regulation of notifying Party B 30 days in
        advance.

      (1)
        Party
        B is proved incompetent for the post in the probation period; 

      (2)
        Party
        B seriously breaches labor discipline or Party A’s rules and
        regulations;

      (3)
        Party
        B has serious dereliction causing serious damage to Party A;

      (4)
        Party
        B revealed business secrete of Party A causing loss to Party A and the
        state;

      (5)
        Party
        B was put under labor reforming or prosecuted the criminal liability according
        to law; 

      (6)
        Other
        cases regulated by laws and regulations.

      Article
        32 In any of following cases, Party A may terminate the contract, but shall
        notify Party B in written form 30 days in advance and then pay Party B economic
        compensation as per relevant national, provincial and municipal
        regulations:

      (1)
        Party
        B gets sick or non-work-related injury. After medical period, Party B still
        cannot be engaged in original work or other work Party A assigns;

      (2)
        Party
        B is incompetent for the work or still incompetent after training or adjustment
        of working post; 

      (3)
        Objective situation for conclusion of the contract undergoes great change
        and
        make the contract hard to be implemented. Modification agreement cannot be
        reached even after negotiation by both Parties.

      (4)
        Other
        cases regulated by laws and regulations.

      Article
        33 If Party A is on the verge of bankruptcy and is in the legal period of
        rectification or undergoes serious difficulty in production and operation,
        it
        shall notify the trade union or the whole staff 30 days in advance, hear
        from
        suggestions of the trade union or the employees and report to the labor
        department. Only after that can the contract be terminated, but economic
        compensation shall be paid to Party B as per relevant national, provincial
        and
        municipal regulations.

      Article
        34 In case Party A was cancelled, disbanded or falls into bankruptcy, the
        contract shall be automatically terminated. Then Party A shall pay Party
        B
        economic compensation as per relevant national, provincial and municipal
        regulations. 

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Article
        35 In any of following cases on the part of Party B, Party A shall not terminate
        the contract as per Article 32 and Article 33: 

      (1)
        Party
        B gets vocational disease or work-related injury and is determined by medial
        labor accreditation department as losing or partially losing labor force;
        

      (2)
        Party
        B gets sick or non-work-related injury and is in the regulated medical
        period;

      (3)
        Woman
        work in line with family planning policy in pregnant, maternity and breast
        feeding period; 

      (4)
        Other
        cases regulated by laws and regulations.

      If
        term
        of contract expires in case of (2) or (3), the contract shall be extended
        to the
        expiration of the medical period or the breast feeding period.

      Article
        36 If terminating the contract, Party B shall give written notice to Party
        A in
        written form 30 days in advance. 

      Article
        37 In any of following cases, Party B may notify Party A to terminate the
        contract at any time:

      (1)
        During probation period; 

      (2)
        Party
        A uses force, threat or illegal limit of freedom to oblige labor; 

      (3)
        Through conformation of relevant national department, Party A’s labor safety and
        health conditions are poor and have no protection measures, seriously affecting
        Party B’s safety and health;

      (4)
        Party
        A fails to pay labor remuneration as regulated by the contract;

      (5)
        Party
        A fails to handle social insurance for Party B as per relevant national,
        provincial and municipal regulations.

      If
        contract is terminated as per (2), (3) and (4) of the article, Party A shall
        pay
        Party B economic compensation as per relevant national, provincial and municipal
        regulations; if contract is terminated as per (1) and (5) of the article,
        Party
        A need not pay Party B economic compensation.

      Article
        38 In any of following cases, the contract can not be terminated by Party
        B:


      (1)
        After
        special training funded by Party A, Party B falls short of service term required
        by of Training
        Agreement
        or the
        contract;

      (2)
        Party
        B undertakes key national scientific research project or Party A’s scientific
        research project has not finished;

      (3)
        Other
        cases regulated by laws and regulations.

      Article
        39 In any of following cases, the contract will be terminated immediately
        and
        Party A need not notify Party B in written form 30 days in advance:

      (1)
        The
        contract expires; 

      (2)
        Party
        B retires at the legal age for retirement; 

      (3)
        Party
        B dies; 

      (4)
        Conditions regulated by the contract for termination occur;

      (5)
        Other
        cases regulated by laws and regulations.

      Article
        40 Party A shall follow regulations to fill in the report for termination
        of the
        labor contract and send Party B’s file to relevant unemployment department for
        inspection within 10 days; if it is in line with regulation through inspection,
        Party B will be informed to make the unemployment registration within 15
        days.


      [Breaching
        Liabilities]

      Article
        41 During the contract period, if Party A deducts or delays Party B’s wage
        without any reason, or refuse paying Party B’s remuneration for extended working
        time, Party A shall add 25% of the wage as compensation besides fully paying
        Party B’s wage within time regulated.

      Article
        42 Provided Party A breaches relevant national, provincial and municipal
        regulations and the contract, causing Party B’s loss in labor protection
        treatment, Party A shall make up Party B’s labor protection allowance and
        articles as per relevant national, provincial and municipal
        regulations.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Article
        43 Provided Party A fails to pay social insurance for the employee as per
        regulation of the contract, Party A shall make up the social insurance premium
        for Party B. 

      Article
        44 Provided Party A breaches relevant national, provincial and municipal
        regulations and the contract, causing Party B’s work-related injury, loss of
        medical treatment, Party A shall pay Party B 25% of the medical expense as
        the
        compensation, besides providing work-related injury and medical treatment
        

      Article
        45 If Party A fails to follow relevant national, provincial and municipal
        regulations to compensate Party B after terminating the contract,, Party
        A shall
        also pay Party B 50% of the economic compensation sum as the extra compensation,
        besides fully paying Party B economic compensation.

      Article
        46 In case of termination as per Article 31, Article 36 and Article 39, Party
        A
        will not grant the economic compensation. 

      Article
        47 After the contract is terminated, if Party A fails to handle the formalities
        for termination of labor contract and transfer of labor relationship, causing
        loss to Party B, Party A shall undertake Party B’s actual loss in corresponding
        period.

      Article
        48 In case Party A breaches national regulation and regulation and terminate
        the
        contract, if Party B is willing to go on working for Party A, Party A shall
        go
        on implementing the contract and undertake actual economic loss to Party
        B. If
        Party B is not willing to work for Party A any more, Party A shall pay Party
        B
        the breaching penalty as per term of failure to implement the contract (months)
        multiplied by 80% (the maximum is less than 100%) of average monthly wage
        income
        during six months before termination of the contract. 

      Article
        49 In case Party B breaches the contract to resign and Party A requires Party
        B
        to go on implementing the contract and Party B agrees to go on implementing
        the
        contract, Party B shall undertake actual economic loss incurred to Party
        A
        during the period of resignation. If Party A does not require Party B to
        go on
        implement the contract, Party B shall pay Party A the breaching penalty as
        per
        term of failure to implement the contract (months) multiplied by 80% (the
        maximum is less than 100%, the exact proportion shall be the same with the
        proportion in Article 48) of average monthly wage income six months before
        termination of the contract.

      Article
        50 If Party B proposes to terminate the contract as per Article 36, Party
        B
        shall pay Party A the breaching penalty as per term of failure to implement
        the
        contract (months) multiplied by 80% (the maximum is less than the proportion
        specified in Article 49) of average monthly wage income during six months
        before
        termination of the contract.

      Article
        51 Party A has paid to employ Party B. If Party B terminates the contract
        in the
        contract term due to personal cause, it shall pay the expense for Party A’s
        employment of Party B. 

      Article
        52 Party B received Party A funded training and both Parties conclude the
        training agreement to determine service term and breaching liabilities as
        attachment of the contract. Within term of the contract, Party B shall not
        fail
        to implement training agreement without any reason, or the training fee shall
        be
        paid by Party B. Without agreement, input sum will be divided as per labor
        contract between Party A and Party B and payment is made by deducting the
        implemented term after training of Party B.

      Article
        53 Both Parties shall conclude special agreement concerning term of keeping
        Party A’s business secrete breaching as attachment of the contract. If Party B
        breaches against the business secrete agreement, it shall undertake all economic
        loss incurred to Party A. Breaching compensation liabilities shall be handled
        as
        per agreement between two parties.

      Article
        54 If Party B breaches against the contract and resigns causing economic
        loss of
        Party A and the breach penalty paid by Party B cannot compensate actual loss
        of
        Party A, Party B shall make compensation as per Party A’s actual sum
        loss.

      [Labor
        Dispute Settlement]

      Article
        55 For any dispute arising from implementation of the contract, any party
        may
        apply for mediation at the labor dispute committee of the unit. If the
        medication fails within 30 days, application for arbitration shall be made
        to
        the labor dispute arbitration committee at the place where Party A located
        within 60 days after the dispute occurs. If either party is not convinced
        by the
        arbitration award, lawsuit can be lodged at the people’s court at the place
        where Party A located within 15 days after receiving the arbitration
        award.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Article
        56 In the contract, if relevant treatment of Party B is lower than the standard
        regulated by Party A’s collective contract, the collective contract shall
        prevail.

      Article
        57 For matters uncovered in the contract or in case relevant articles are
        against relevant national, provincial and municipal regulations during
        implementation of the contract, relevant national, provincial and municipal
        regulations shall prevail.

      Article
        58 The contract shall be written by pen or brush. Alteration or signing in
        agency without legal authorization will be invalid. 

      Article
        59 The contract goes into duplicates and come into force with the signing
        of
        both Parties. After certification of the labor administrative department,
        each
        party shall hold one copy, with the same legal effect.

       

      
 

      [Miscellanies
        to be Agreed by Both Parties]

      


      Party
        B is willing to conclude the Self-volition
        Agreement and
        agrees to strictly implement.

       

      


      


      


      Party
        A:
        (Seal)                             
Party B: (Seal)

      


      


      Legal
        representative (entrusted agent): (Seal)

      


      


      


      Time
        for
        conclusion of the contract: June 1, 2001 

      


      
        
           

        

        
           

          
            

          

        

        
           

        

      

      


      Accreditation
        Certificate

      Through
        due verification, the contract complies with national laws, regulations and
        relevant regulations. Therefore, accreditation is hereby granted. 

       

      


      


      


      Accreditation
        authority: (Seal)

      


      Accreditation
        by: (Seal)

      


      Date
        of
        accreditation: June 7, 2001