Shengtai Power International, Inc. - Exhibit 10.17 - Prepared By TNT
Filings Inc.




  




Exhibit 10.17 


(English Translation) 


Technological Cooperation Agreement 


Where as: 

Shenzhen ShengTai Industrial Co., LTD (Hereinafter "the
Company") 

And 

The 43rd research institute of China Electronic Technology
(Hereinafter "the Institute") 

The Company and the Institute herein agree and sign as
follow: 

With the rapid growth of the LCD TV market, the market of
power supply products for LCD TV is also boosting up, and Shenzhen ShengTai
Industrial Co., Ltd. is one of the pioneers which is engaging in research and
development of the power supply market for LCD TV. University of Electronic
Science and Technology of China is one of the most famous universities in China,
providing strong capability of scientific research and high quality talents,
which has made a series of outstanding achievements in the fields of multimedia
technology, HDTV Technology, Information Technology, and Optics Technology and
so on. The Institute may offer strong support in the areas of advanced
technologies with its own multimedia and HDTV technological laboratories. Under
the principle of advantage reinforcing, resource sharing, reciprocity and mutual
benefit, the Company and the Institute herein agree and sign as follow: 

1.     Main contents of cooperation 

a.     The
Institute should continuingly make the best effort to technology innovation,
study new technologies, develop new products in the domain of power supply for
LCD TV, and the new technology and products should be put into practice and
industrialized by the Company. 

b.     Unless
especially indicated, intellectual properties that are created during the
cooperation will be owned by both parties. Any party should not unilaterally
generalize, transfer and publish. 

c.     The
Institute should arrange experts and technicians to give lectures and carry out
technological intercommunion for the Company in accordance with the actual need.


d.     The
Institute should do its endeavor to solve the technical problems for the Company
during design, research and manufacture activities. 



e.     The
Institute may recommend its excellent graduates to serve the Company, and under
the same qualifications, the Company should select candidates from the second
part with the first priority. 

f.     Any material technical
projects, which need additional capital investment, should be discussed and
decided in accordance by both parties. 

2.     Main terms and effectiveness 

a.     The
cooperation agreement will be lastingly effective. Both parties may terminate
this agreement by neighborly negotiation in case of one party need to end this
contract for any certain reasons. 

b.     This agreement has two
duplicates and will be effective after the signature of both parties. 

Shenzhen ShengTai Industrial Co., Ltd. 

By: ____________________________________ 

[Company Representative Signature] 

Title: ___________________________________ 

Address: Building 9, Xinhe New Industrial Park Fuyong Township, Bao An District
Shenzhen, 

China 518004 

Representative: Zou Derong 

Date: October 15th , 2004 

The 43rd research institute of China Electronic Technology (Hereinafter "the
Institute") 

By: _________________________________ 

Address: No 269, Jixi Road, Hefei City Anhui Province, China 

Representative: Zhu Jianqiang Date: October 15th , 2004