Exhibit 10.1

[INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC. LOGO]


May 25, 2010

FHH Sino New Energies Co., Ltd.
Rm. 1403, Zhong Xin Bldg.,
2 Qing Dao N. Road, Weihai
Shangdong Province, PRC 264200
Attn.: Mr. Peter Xiaoping Wang
       Director/General Manager

Dear Sir,

Thank you for allowing International Building Technologies Group, Inc., a public
OCTBB  listed  company in USA and its  subsidiaries  (hereafter  referred  to as
"IBTGI"),  the opportunity to evaluate a potential transaction with FHH Sino New
Energies  Co.,  Ltd.,  a  Chinese   company  and  or  its  holding  company  and
subsidiaries, (hereafter referred to as the "Company"). Based on the information
we have received to date, we are pleased to submit this preliminary  non-binding
Letter of Intent  ("LOI") to acquire the entire or control amount of outstanding
shares of the Company by  exchanging  IBTGI shares for the issued  shares of the
"Company"   held  by  the   Company's   shareholders   (collectively,   "Selling
Shareholders").

We  propose  to  acquire  all the  existing  shares  at net  book  value  of the
"Company."  The exact terms and conditions  for the  acquisition,  including the
exact number of IBTGI shares to be exchanged with the Selling Shareholders, will
be  negotiated  with the Selling  Shareholders.  Our LOI is based on the limited
information   we  have  received  as  well  as  our  assessment  of  the  market
opportunity.  Our LOI is also based on the assumption  that as of the closing of
this transaction,  the "Company" will have normal levels of working capital,  as
well as enough cash to pay off debts and  accounts  payables on IBTGI books (but
not exceed  US$1.5  millions)  prepared  by the engaged  accountant  of IBTGI in
according to the GAAP principles of U.S. It is understandable that the "Company"
will  need to have  audited  financial  statement  prepared  by US SEC  approved
auditors,   registered  with  the  Public  Company  Accounting  Oversight  Board
("PCAOB").

We do not  anticipate  any  conditions  of a  substantive  nature  which will be
required as part of the  transaction  other than those normal and  customary for
such  transactions,  which will  include,  but not be limited  to,  satisfactory
completion of our due diligence and execution of an exchange contract acceptable
to us and our legal  counsel.  Our proposal is subject to (i) the execution of a
mutually  acceptable  definitive  exchange  agreements  and  related  agreements
containing  representations  and  warranties,  covenants,  indemnities and other
terms and conditions  customary for  transactions of this type; (ii) there being
no material adverse change in the financial condition,  business or prospects of
the Company prior to closing;  (iii) final investment  committee approval;  (iv)
local government and regulatory approvals;  (v) extension of existing employment
contracts for IBTGI  officers;  (vi) Guarantee of Buy-back or exchange of common
stock for preferred  stocks (not exceed US$2.3 millions) that are currently held
by IBTGI officers or investors.
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INITIAL PAYMENT
Upon  signing of this LOI, an initial  payment of  US$230,000  as the good faith
deposit will be deposited  into the assigned bank account of IBTGI  (information
of bank  accounts as  attached) by the Company to execute this LOI within 5 days
to execute this LOI and to cover the expenses,  costs and accounts payables that
may occur during the transaction period. Such US$230,000 will be debited against
debts and  accounts  payable on IBTGI book of not exceed the US$1.5  millions as
stated above.

DUE DILIGENCE REQUIREMENTS
IBTGI,  together  with its  financial,  legal  and other  advisors  will need to
complete customary due diligence including, but not limited to (i) meetings with
management and site visits;  (ii) receiving more detailed  historical  financial
statements,  including  an analysis of fixed  costs,  variable  costs,  customer
information and capacity utilization;  (iii) reviewing the existing projections;
(iv) reviewing the Company's business plan; (v) a detailed review of the balance
sheet  and  profit  and loss  accounts;  and (vi) a  general  corporate  review,
including a legal review of agreements,  material contracts,  leases, litigation
and other matters;  (vii)  preparing a road map,  business plan,  prospectus and
finish due diligence within 90 days from receipt of the initial payment.

IBTGI
IBTGI is a full  reporting  company listed on OTCBB since 2007 and meets all the
compliances  and  regulations  of US SEC.  We  believe  that  as  soon as  IBTGI
satisfies  the  minimum  equity,   revenue   requirement,   as  well  the  other
requirements of qualification,  IBTGI can move up to be listed on NASDAQ or AMEX
main board, accordingly.

Our preliminary LOI is confidential and should not be disclosed to anyone except
for both boards of  directors  and the  advisors of our  companies  before it is
executed.  Furthermore,  this is a preliminary LOI only and does not represent a
binding offer on behalf of IBTGI.

We look  forward to the  possibility  of working  with your  company  and future
growth.  Should you have any questions  regarding  our LOI,  please feel free to
contact me at (626) 581-8500 or by email.

Yours truly,

International Building Technologies Group, Inc.


/s/ Kenneth Yeung
----------------------------------
Kenneth Yeung/CEO

                                                 Agreed and accepted by:

                                                 FHH Sino New Energies Co., Ltd.


                                                 /s/ Peter Xiaoping Wang
                                                 -------------------------------
                                                 Peter Xiaoping Wang
                                                 Director/General Manager