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                                                                     EXHIBIT 4.7

STRICTLY PRIVATE AND CONFIDENTIAL

4 February 2004

DF China Technology Inc.
Unit 3207-08 West Tower
Shun Tak Centre
168-200 Connaught Road Central
Hong Kong
China

Attention: Mr. Aaron Zhu

Dear Sirs,

INTRODUCTION OF POTENTIAL INVESTORS TO DF CHINA TECHNOLOGY INC.

This letter serves as an agreement (the "Agreement") between Quam Securities
Company Limited ("Quam") and DF China Technology Inc. (the "Company") pursuant
to which the Company agrees to appoint Quam as the arranger, on a best effort
basis, to source potential investors in respect of a placing of new shares in
the capital of the Company (the "Proposed Transaction").

The countersigning of this letter of agreement by an authorized signatory of
Quam and the Company is intended to form legally binding obligations on the two
parties and shall constitute an acceptance by the Company of the terms and
conditions set out below:

1.    Background

      The securities of the Company are listed on NASDAQ in the US. The Company
      is now seeking a new equity funding of not exceeding US$5 million to
      finance its business development in future. The issue price per share is
      intended to be US$0.2 per share.

2.    Scope of Services to be provided

      Under this Agreement, Quam accepts the responsibilities of acting as the
      arranger to the Company in relation to the Proposed Transaction. The
      services to be provided by Quam as the arranger will include the
      following:

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      (i)   to seek potential investors for the Proposed Transaction on behalf
            of the Company; and

      (ii)  to liaise and co-ordinate between the management and the Company and
            potential investors as required; and

      (iii) to assist in the negotiations with potential investors.

3.    The Company's Responsibilities

      (i)   to obtain a valid board resolution of the Company authorizing the
            appointment of Quam as the arranger in respect of the Proposed
            Transaction; and

      (ii)  to provide Quam will all relevant information regarding the Company
            that Quam may reasonably require to properly perform its duties as
            set out herein provided that all such information has been publicly
            disclosed; and

      (iii) to assist Quam personnel in the performance of their duties in
            respect of the Proposed Transaction by providing full and frank
            disclosure of all matters that bay be relevant to the Proposed
            Transaction provided that all such information has been publicly
            disclosed.

4.    Commencement of Assignment

      Quam proposes to commence its duties and responsibilities upon acceptance
      and countersignature and return of this Agreement.

5.    Remuneration

      The fee payable to Quam in connection with the Proposed Transaction to be
      provided shall be HK$200,000. Such fee shall be payable upon completion of
      the Proposed Transaction and may be deducted by Quam from the proceeds for
      the Proposed Transaction if applicable.

6.    Expenses

      The Company shall reimburse Quam upon demand for all out of pocket
      expenses incurred by Quam in relation to the Proposed Transaction and
      undertake to indemnify Quam the full amount if Quam were to incur any US
      tax liabilities as a result for the provision of services to the Company
      in respect of the Proposed Transaction. Fees payable for other
      professional services engaged in relation to the Proposed Transaction and
      their related out of pocket expenses shall be paid by the Company. All
      commitments to any such expenses shall be discussed and agreed with the
      Company prior to

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      such expenses being incurred. All such expenses shall remain due and
      payable by the Company whether or not Quam continues to be the arranger
      for the Proposed Transaction.

7.    Indemnity

      The Company hereby indemnifies and holds Quam harmless from and against
      any and all losses, claims, damages or liabilities, incurred by Quam in
      relation with the aforementioned services provided to the Company, save to
      the extent that any such loss, claim, damage or liability arises as a
      direct result of the willful default or negligence of Quam.

8.    Confidentiality

      Save for the exception noted below, all information received concerning
      the Company shall be kept strictly private and confidential by Quam. Such
      information shall only be used in connection with the provision of
      aforementioned services to the Company and shall not be disclosed to any
      third parties and/or potential investors of the Company without the prior
      consent or approval of the Company.

9.    Termination Clause

      In accordance with market practice, Quam reserves the right to resign from
      this engagement by giving the Company 14 days' notice (taking account of
      the circumstances of the case) in writing if there arise any
      circumstances, including regulatory requirements both in Hong Kong and the
      United States of America, which in the opinion of Quam, makes it
      inadvisable for Quam to continue to act for the Company. Further, the
      Company has the right to cancel the engagement with Quam by giving 14
      days' notice. Quam accepts no liability whatsoever in relation to the
      termination of engagement as a result of this clause.

10.   Governing Law

      This Agreement shall be governed by and construed in accordance with the
      laws of Hong Kong Special Administrative Region of the People's Republic
      of China.

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11.   Duration of Agreement and Continuity

      The terms herein shall become effective upon signing of this letter by
      both parties hereto and shall continue and remain in force until 31 March
      2004, save that any outstanding fees payable to Quam shall remain payable
      thereafter.

Please confirm your acceptance of the terms and conditions are acceptable of
this Agreement by countersigning and returning the attached copy letter.

Yours faithfully,
For and on behalf of
QUAM SECURITIES COMPANY LIMITED

_________________________________
Authorized Signatory

Agreed and Confirmed by:
For and on behalf of
DF CHINA TECHNOLOGY INC.

______________________________
Authorized Signatory

Name:
Date: