Exhibit 4.8

Summary of the Material
Terms of the Contract for
Construction

Wuhan
Jinpan Electric Company Ltd. (the Client), entered into an agreement (this
Agreement) with Wuhan Xinqi Construction Group Company Ltd. (the General
Contractor) on April 13, 2007 for the construction of a manufacturing and office
facility at No.2 Industrial Park, South Nanhu Road, Donghu High Tech Development Area,
Wuhan, Hubei Province (the Site).

The
General Contractor is responsible for the construction of Wuhan Jinpans factory
building, office building, gatehouse, roads within the factory site, bounding walls, and
other related facilities (the Facility). The contracted term for the
construction of the Facility is 180 days, starting on April 15, 2007 and scheduled to be
completed by Oct 13, 2007. The purchase price for the construction of the facility is RMB
20,280,000 (the Price).

Responsibilities

Supervising Engineer

The
Client delegates authority to the supervising engineer (the Engineer) to
oversee the construction of the Facility by the General Contractor. However, the Engineer
must obtain the Clients approval to do or authorize others to do the following:

|(1) |  | to
change the construction project as compared to any pre-approved design(s);
|--- |  | -----------------------------------------------------------------------------

|(2) |  | to
subcontract the construction project;
|--- |  | ----------------------------------------

|(3) |  | to
start, stop, or resume construction;
|--- |  | ---------------------------------------

|(4) |  | to
audit the construction project using a quality standard other than one based           on
applicable government and industry standards;
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------

|(5) |  | to
change the design;
|--- |  | ---------------------

|(6) |  | to
adjust the price of the project; or
|--- |  | --------------------------------------

|(7) |  | to
seek damages from the General Contractor.
|--- |  | --------------------------------------------

The Client

The
Client is responsible for the following.

|(1) |  | Assisting
the General Contractor in obtaining and paying for licenses to use                water
and electricity on the Site.
|--- |  | ------------------------------------------------------------------------------------------------------------------------------

|(2) |  | Assisting
the General Contractor in obtaining a license to use public roadways                to
access the Site.
|--- |  | -----------------------------------------------------------------------------------------------------------------

|(3) |  | Supplying
to the General Contractor information regarding the geography of the                Site
and the underlying utilities within 5 days of the signing of this
               Agreement.
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(4) |  | Obtaining
zoning and construction permits.
|--- |  | ------------------------------------------

|(5) |  | Assisting
the General Contractor in obtaining construction permits.
|--- |  | -------------------------------------------------------------------



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|(6) |  | Delivering
to the General Contractor test results regarding the water levels and           building
markers.
|--- |  | ------------------------------------------------------------------------------------------------------------

|(7) |  | Prior
to construction, supplying the General Contractor blue prints and other           design
information.
|--- |  | -----------------------------------------------------------------------------------------------------------

Any
other responsibility of the Client will be negotiated by the parties. Unless otherwise
noted above, the Client and General Contractor shall each bear its own costs associated
with obtaining licenses.

The General Contractor

The
General Contractor is responsible for the following.

|(1) |  | Providing
a schedule, work plan, and requisition plans to the Engineer and the
               Client within 3 days of starting constructions.
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------

|(2) |  | Providing
the next months schedule and requisition plans and report on the
               work done in the current month to the Engineer and Client on the 25th               day
of each month.
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(3) |  | Providing
all schedules, plans, and reports to the Engineer and Client on a                timely
basis, otherwise, the Client may withhold payment.
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------

|(4) |  | Providing
security and lighting on the Site.
|--- |  | --------------------------------------------

|(5) |  | Providing
office and living quarters to the Clients management and                supervising
personnel at the Site.
|--- |  | ---------------------------------------------------------------------------------------------------------------------

|(6) |  | Obtaining
and paying for permits associated with transportation, environment,                and
noise control.
|--- |  | ---------------------------------------------------------------------------------------------------------------

|(7) |  | Arranging
and paying for the construction of water, electricity, and
               telecommunications infrastructure on the Site.
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------

|(8) |  | Protecting
finished buildings on the Site and assuming financial responsibility                for
any loss during the contracted term.
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------

|(9) |  | Protecting
underground utilities, neighboring infrastructure, artifacts, and                ancient
or rare plants. The Client will assume the costs for these efforts.
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(10) |  | Complying
with local regulations on worksite sanitation.
|---- |  | --------------------------------------------------------

|(11) |  | Assisting
the Client in obtaining licenses and permits related to the                construction
on the Site and paying costs as specified in this Agreement.
|---- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------

|(12) |  | Submitting
plans for concealed or interstitial construction to the Engineer and                the
Client for approval and assume the costs for such interstitial construction.
|---- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Any other responsibility of the
General Contractor will be negotiated by the parties.

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Work Allocation and
Construction Plan and Schedule

The
General Contractor shall submit a detailed work allocation and construction plan to the
Engineer for review and approval at least 1 week prior to starting construction. The
Engineer shall complete the review within 2 days of receiving the work allocation and
construction plan. If the Client causes a delay to the start of construction, the General
Contractor is not liable and the contracted term of the construction is extended
accordingly.

Construction and
Workplace Safety

The
General Contractor shall

|(1) |  | when
working on the Site, comply with all laws and regulations on construction
               and workplace safety;
|--- |  | -------------------------------------------------------------------------------------------------------------------

|(2) |  | assume
all costs associated with taking safety and preventative measures and
               buying insurance to cover accidental injury caused by the construction;
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(3) |  | when
working on the Site, follow the instructions of the Clients Agent or
               the Engineer with regards to safety; and
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------

|(4) |  | if
an accident happens, take corrective measures, pay for all damages, take full
               legal responsibility, and possibly pay penalties (in the amount of up to
1% of                the Price) to the Client.
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Inspection

After
completing all construction, the General Contractor shall provide to the Client complete
blue prints of the constructed buildings and pass inspection by government inspection
agencies. The General Contractor shall modify the Facility to accord to national
inspection standards and requests by government inspection agencies. The General
Contractor shall assist the Client to complete all inspections.

Price Adjustments

The
Price takes into account the following risks:

|(1) |  | changes
in materials costs;
|--- |  | ---------------------------

|(2) |  | changes
in public policy; and
|--- |  | -----------------------------

|(3) |  | changes
in the amount of work necessary to complete construction due to           unforeseeable
factors.
|--- |  | --------------------------------------------------------------------------------------------------------

If
the Client, due to a design modification in its discretion, orders a change to amount of
work to complete construction, the Price would be adjusted either by referencing the cost
of constructing similar items identified in this Agreement or, if there is no such similar
item, by negotiating an adjusted price.

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Payment

The
Client shall pay the Price to the General Contractor in monthly installments based on the
General Contractors progress on the construction of the facility and its meeting of
certain benchmarks. Prior to the 25th day of each month, the General Contractor
shall submit to the Engineer a report on the amount of work completed that month,
represented as a percentage of all the work necessary to complete the Facility (the
Monthly Progress Ratio). Once the Engineer confirms the General
Contractors reported Monthly Progress Ratio, the Client shall pay the General
Contractor 70% of the Price multiplied by the Monthly Progress Ratio. After the General
Contractor completes construction of the Facility, the Client shall make payment to the
General Contractor so that the total amount paid equals 80% of the Price. The Client shall
pay the General Contractor another 15% of the Price after the Facility passes inspection
by the Engineer and relevant government inspection agencies. The Client will withhold the
remaining 5% of the Price as a quality assurance payment payable to the General Contractor
1 year after the Facility passes inspection.

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