Exhibit
      10.1

    


    


    

      ENGLISH
        TRANSLATION OF ASSIGNMENT AGREEMENT

    

    


    


    ASSIGNMENT
      AGREEMENT, dated as of November 19, 2008 (this “Agreement”), by and between
      Wonder Auto Limited, a British Virgin Islands corporation (“Assignor”) Golden
      Stone Capital Limited, a British Virgin Islands corporation (“Assignee”), Money
      Victory Limited, a British Virgin Island corporation (“Money Victory”) and Lin
      Tan, the majority owner of Money Victory. Capitalized terms used, but not
      otherwise defined, herein have the meanings ascribed to them in the Stock
      Purchase Agreement (as defined below).

    


    BACKGROUND

    


    


    Assignor
      is a party to that certain Stock Purchase Agreement, dated as of April 9, 2008
      (the “Stock Purchase Agreement”), by and among Assignor, Money Victory, and Lin
      Tan. Assignor desires to assign all of its rights, obligations and duties under
      the Stock Purchase Agreement to Assignee and Assignee desires to assume all
      of
      such rights, obligations and duties.

    


    TERMS
      AND
      CONDITIONS

    


    


    NOW,
      THEREFORE, in consideration of the premises and of other good and valuable
      consideration, Assignor and Assignee hereby agree as follows:

    


    1.
      Assignment of Rights: Assignor hereby assigns, transfers and conveys to Assignee
      and Assignee hereby accepts such assignment of Assignor’s right, title and
      interest in, to and under the Stock Purchase Agreement. The total consideration
      for such assignment of rights is $5,900,000. Assignee shall wire such amount
      to
      Assignor’s designated bank account within 110 business days after the signing of
      this Agreement. Assignor shall transfer its shares of Money Victory to Assignee
      within 30 business days after its receipt of $5,900,000.

    


    2.
      Assumption: Assignee hereby agrees to perform and discharge all of the
      obligations of Assignor under the Stock Purchase Agreement and Assignee hereby
      assumes such obligations of Assignor under and with respect to Stock Transfer
      Agreement as if Assignee had entered into the Stock Purchase Agreement directly
      with Money Victory and Lin Tan.

    


    3.
      Assignee’s Acknowledgment: Assignee hereby acknowledges that Assignee has read
      the Stock Purchase Agreement and has received an original or an exact copy
      of
      the Stock Purchase Agreement.

    


    4.
      Consent of Money Victory and Lin Tan: Each of Money Victory and Lin Tan hereby
      consent and agree to the assignment and assumption of the Stock Purchase
      Agreement as provided for herein.

    


    5.
      Each
      of Assignor and Assignee hereby represents that, at the time of this Agreement,
      it does not have any material non-public information about Money Victory or
      Golden Elephant Glass Technology, Inc, a Nevada company and whose common stock
      is traded on the Over-the-Counter Bulletin Board.

    


    6.
      Each
      of Assignor and Assignee hereby represents that, at the time of this Agreement,
      it is not aware of any facts that would cause the transaction contemplated
      by
      this Agreement in violation of the applicable U.S. securities laws.

    


    7.
      Authority and Enforceability. Assignee hereby represents that it has all
      requisite power and authority to enter into and perform its obligations under
      this Agreement and to carry out the transactions contemplated hereby. When
      executed and delivered, this Agreement and the Stock Purchase Agreement will
      be
      enforceable against Assignee in accordance with their terms.

    


    8.
      Miscellaneous: This Agreement may be executed in two or more counterparts,
      each
      of which shall be deemed an original, and all of which when taken together
      shall
      constitute a single document. 

    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    This
      Agreement shall become effective upon the execution by all the parties hereto.
      Once the Agreement is effective, the Assignee shall have all the rights and
      interests contemplated in the Agreement.

    


    Assignor:

    


    Wonder
      Auto Limited

    By:
      /s/
      Qingjie Zhao

    Name:
      Qingjie Zhao

    Title:
      CEO

    


    


    Assignee:

    


    Golden
      Stone Capital Limited

    By:
      /s/
      Yanping Li

    Name:
      Yanping Li

    


    Money
      Victory:

    


    Money
      Victory Limited

    By:
      /s/
      Lin Tan

    Name:
      Lin
      Tan

    


    /s/ Lin
      Tan

    Lin
      Tan