| Party      A (Employer):   |                                                      |   |
|----------------------------|-----------------------------------------------------------|--------|
| Registered      Name:      | Qingdao Hongguan Incorporation      Limited               |   |
| Address:                   | 269 Huashanyi Road, Qingdao Clothing Industrial      Park |   |
| Legal      Representative: | Renwei Ma                                                 |   |

| Party      B (Employee):  |           |   |
|---------------------------|----------------|--------|
| Full      Name:           | Tao Wang       |   |
| Date      of Birth:       | 08/12/1970     |   |
| Registered      Domicile: | Jimo, Shandong |   |

| 1.   | Type      and Validity Term of Agreement: |
|----------------|-------------------------------------------|

| 1)   | This      Agreement is an employment contract with  fixed-term |
|----------------|----------------------------------------------------------------|

| 2)   | The      validity term of this Agreement commences on the date of 3/11/2003 and      expires on the date of 3/10/2023, including an initial trial period of      __ months      from the date of __to the date of__ |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Description      of Position and Working Site: |
|----------------|------------------------------------------------|

| 1)   | On      the basis of Party A’s requirements, Party B is to work at the position of      Chief Executive      Officer. Party B undertakes to accept the arrangement or change of      work made by Party A in light of Party B’s working ability and      performance. Party A assigns Party B to work at other divisions of Party A      on the basis of mutual consent if any changes in operational or working      requirement occur. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Description      of Position and Working Site(continued): |
|----------------|-----------------------------------------------------------|

| a)   | Party      B shall perform his or her work duties provided by Party A, and shall      complete his or her work task in accordance with the provisions in terms      of time limit, quality and workload. Party B must acknowledge the policies      and requirements that are set out in the Manual on Position and accept the      arrangements made by Party A and perform the job in a responsible      manner. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| b)   | Working      site is located at:_Jimo,      Shandong_ |
|----------------|-------------------------------------------------------|

| c)   | Party      B’s working site is to be arranged by Party A in response to working      requirement where Party A assigns Party B to work in locations other than      the listed for a short term, and Party B is required to take initiative to      complete tasks. Working site location in this Agreement may be altered on      the basis of mutual consent throughnegotiation. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Working      Hours and Holiday |
|----------------|--------------------------------|

| a)   | Party      A implements the full-time standard working time system under which Party      B is required to work for no more than 8 hours every day and no more than      a total of 40 hours every week; the uncertain time working system or      synthetically calculate working time system may apply to relevant posts      that are specific to the task requirement and responsibilities involved.      Party B is to work under standard working time      system (standard working time system/ uncertain time working      system/ synthetically calculate working time  system) |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | If      necessary for work, Party A may extend Party B’s working hours in      accordance with the provisions of the relevant laws and Party      A |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | If      necessary for work, Party A may readjusts the provisions on working hours,      holidays or leaves. |
|----------------|-------------------------------------------------------------------------------------------------------------|

| d)   | Party      B is entitled to all the holidays and leaves provided by the State, to      which the legislations, rules, regulations, policies and internal      governance formulated by Party A shallapply. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Remuneration: |
|----------------|---------------|

| a)   | Party      A determines the remuneration system in compliance with laws and Party A’s      production management and economic benefits. Under Party A’s remuneration      system, Party B agrees that all the wages paid by Party A is in accordance      with Party B’s performance, working condition, intensity and contribution      etcetera, and the distribution shall follow the principle of equal pay for      equal work. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Remuneration      (continued): |
|----------------|--------------------------------|

| i.   | Party      A shall, on the 25th      day of each and every month, pay Party B remuneration for the last month.      Unless it is a statutory holiday or Party B takes leaves on the 25th,      the last working day is deemed to be the remuneration  day. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ii.   | Upon      agreement reached by both Parties, Party A is to pay Party B a total      monthly remuneration of RMB 3000-10000,      Party B is entitled to receive performance-based remunerations (bonus) in      accordance with the actualized contribution made by Party B to Party A.      Party B is to be compensated _____      RMB/Month during the trial. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Social      Insurance and Welfare: |
|----------------|------------------------------------|

| a)   | Party      A shall pay the fundamental pension fund and expenses accumulated from      medical treatment, loss of job, injury and maternity insurance for Party      B, in accordance with the relevant social insurance premium provisions      made by the State, the local municipal government. Party B agrees that      Party A may, from the remuneration payable to Party B, withhold the      personal contribution part of social insurance premium to be borne by      Party B and Party A may pay such withheld part on  behalf. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | Where      this contract is terminated by both Parties, Party A shall submit transfer      of social insurance application toauthorities |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | Party      A shall create conditions so as to improve collective welfare and raise      welfare treatment of laborers. |
|----------------|------------------------------------------------------------------------------------------------------------------------|

| 6.   | Labor      Protection, Working Condition and Prevention against Occupational      Hazard |
|----------------|------------------------------------------------------------------------------------------|

| a)   | Party      A shall formulate various regulations with respect to job specifications,      procedural requirement and an occupational safety and health system is to      be established in accordance with the State’s laws and regulations. Party      A shall provide Party B with suitable working conditions and appropriate      tools in accordance with State’s laborstandard. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | Facilities      of occupational safety and health must be installed in advance and regular      health check must be conducted according to Party B’s actual      situation |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | Party      B shall strictly follow the job specification, procedural requirement and      occupational safety as required by Party A and actively participate in the      prevention of hazardous events and health  issues. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d)   | Party      A may educate or train Party B when necessary in the light of the working      requirements. |
|----------------|---------------------------------------------------------------------------------------------------------|

| e)   | Party      A shall provide female workers and juvenile workers with special      protection in accordance with relevant regulations imposed by the      municipal, State and Centralgovernment. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Agreement      Cancellation, Termination andRenewal |
|----------------|-----------------------------------------------------|

| a)   | Where      the laws, rules and regulations on which the Agreement is based have      changed, the Agreement may be revised  accordingly. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | Where      the objective conditions on which the Agreement is based have materially      changed to the extent that it is impossible to perform the Agreement, the      Agreement may be revised after both parties’  agreement. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| c)   | Both      parties shall terminate the Agreement in accordance with Article 36 to      Article 44 of Law of the People’s Republic of China on Employment      Contracts. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d)   | Where      Party A does not meet the enrolment conditions during probationary period,      Party B may terminate this contact. The enrolment conditions      are: |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i.   |        Nil       |
|----------------|-----------------------------------------------------|

| ii.   |        Nil       |
|-----------------|-----------------------------------------------------|

| iii.   |        Nil       |
|------------------|-----------------------------------------------------|

| e)   | This      Agreement shall be terminated upon the expiration date but it could be      renewed through negotiations by bothparties. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------|

| f)   | Where      the Agreement is cancelled or terminated, Party A shall process the      certification for the cancellation or termination in accordance with laws      and regulations, and handle procedures of Party B’s profiles and social      insurance within 15 days. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | Legal      Responsibility |
|----------------|---------------------------|

| 9.   | Regulations      on Settlement of Labor Disputes |
|----------------|--------------------------------------------------|

| 10.   | Miscellaneous |
|-----------------|---------------|

| a)   | All      the annexes including Party A’s Internal Regulations and relevant working      manuals are indivisible parts of this Agreement and they shall have the      same effect as this Agreement. Party B has carefully examined the contents      and fully complies with the terms ofAgreement |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | The      Manual on Position signed by two parties shall remain as annex and it has      the same binding force as thisAgreement. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------|

| 10.   | Miscellaneous      (continued): |
|-----------------|---------------------------------|

| c)   | Party      B shall confirm that the information provided by Party A is true with      regards to job content, working conditions, working site, occupational      hazards, safety in production, remuneration and other    related. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d)   | Party      B fully understands his responsibilities, workplace, labor remuneration,      occupational hazards, labor protection and working condition, labor      discipline and other relatedconcerns. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e)   | Party      B shall assure that the information he or she has provided to Party A is      authentic and legitimate. |
|----------------|--------------------------------------------------------------------------------------------------------------------|

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| f)   | Under      the Agreement Party B shall be in no contractual relationships with any      entities outside Party A in any form, Party B bears the liability arising      from doing so and Party A is in position to terminate the Agreement      without notifications in advance. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| g)   | Party      B shall provide Party A with relevant social insurance forms in ten days      after this Agreement takes effect. Lack of the submissions would cause      Party A’s failure of process on Party B who is ultimately responsible for      the consequences. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| h)   | In      ten working days time after the cancellation or termination of the      Agreement, Party B shall submit his or her social insurance and profile      related documentations for transferring. Party A does not bear any      liability for the consequences resulting from Party B’s      inaction. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i)   | Party      B shall honestly handle all the relevant procedures in two working days      after the cancellation or termination of the  Agreement. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| j)   | Where      the vocational trainings, commercial secrets and copyrights related issues      need to be addressed, a separate Confidential Agreement formed by both      parties will be provided as annex to this  Agreement. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| k)   | In      both confirmed before signing of this Agreement, the Agreement has been      carefully examined the contents, and fully understand the terms of the      contract law. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| l)   | Party      B confirms that the following address shall be his or her address for      service of all documents related to the employment relationship hereunder      sent by Party A. In the event of any change of such address, Party B shall      notify Party A thereof in writing. If the following address contains any      error or Party B fails to notify Party A duly after any change, Party A      may not be held responsible for non-service or delay in service of any      documents related to the employment  relationship. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.   | Miscellaneous      (continues): |
|-----------------|---------------------------------|

| m)   | The      Agreement shall come into force upon signature and stamping by two      parties. It is made in triplicate, two copies for Party A and one for      Party B, which shall have the same binding force as this      Agreement. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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