EXHIBIT
      10.3 

     

    Equipment
      Purchase Contract

     

    Contract
      No: 2005-516

    


    


    Buyer:
      Winner Medical (Huanggang) Co., Ltd. (“Party A”)

    Seller:
      Zhengzhou Textile Machinery Co., Ltd. (“Party B”)

     

    To
      clarify the rights and responsibilities of each party and based on the principle
      of free will, equality and good faithô
      Party A
      and Party B have reached the following agreement regarding the sale and purchase
      of one set of equipment (composed of two production lines) for 100% cotton
      spunlace medical gauze (the “Equipment”).

    


    
      	1.	
              Name,
                Quantity and Specification of the Equipment
                

            


      	 	(Please
              refer to the Attachment for detailed
              information).


    

    


    
      	2.	
              Total
                Amount of This Contract

            


      	 	RMB
              19.8 million (freight included).


    

    


    
      	3.	
              Terms
                of payment

            


    

    Within
      half a month from the signing date of this Contract, Party A shall pay to Party
      B 20% of the total value for one production line as down payment. This Contract
      shall become effective receipt of the down payment by Party B (“Effective
      Date”). 

    


    Within
      three month from the Effective Date of this Contract, Party A shall pay 30%
      of
      the Total Amount to Party B.

     

    Before
      delivery of the Equipment, Party A shall pay 40% of the Total Amount to Party
      B.

     

    On
      completion of installation and testing (‘Completion Date”), Party A shall pay 5%
      of the Total Amount to Party B.

     

    The
      balance of the Total Amount shall be paid to Party B within six month from
      the
      Completion Date.

     

    (Payments
      for each of the two production lines shall be made according to the progress
      relating to delivery.)

     

    
      	4.	
              Term
                of delivery

            


    

    One
      production line shall be delivered within six month from the Effective Date
      while the other shall be delivered within ten month from the Effective
      Date.

    


    
      	5.	
              Quality
                Criteria For the Equipment

            


    

    Quality
      criteria for the Equipment shall be the same with the enterprise standard for
      Party B’s products.

    


    
      	6.	
              Quality
                Criteria For Products

            


    

    Follow
      the industry standard for spunlace non-woven cloth FZ/T64012.1-2001(Leather
      Cloth) and the specification in the Attachment.

    


    
      	7.	
              Packing

            


    

    Standard
      packing for products of Party B sold domestically. The packing material shall
      not be returned and the packing cost is included in the Total Amount of this
      Contract.

    


    
      	8.	
              Term
                of Transportation

            


    

    Party
      B
      is responsible to deliver the Equipment to Party A’s factory located in
      Huanggang, Hubei Province.

     

    
      	9.	
              Destination
                of Delivery: 

            


    

    Party
      A’s
      factory.

     

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    


    
      	10.	
              Installation
                and Testing

            


    

    Party
      B
      shall be responsible for installation and testing of the Equipment free of
      charge and Party A shall provide accommodation for the technical staff of Party
      B.

    


    
      	11.	
              Guarantee
                Period 

            


    

    The
      guarantee period is one year from the delivery date. 

     

    Within
      the guaranty period, Party B is responsible to replace and maintain machine
      parts damaged due to quality problem free of charge.

     

    Party
      B
      agrees to provide maintenance assistance to Party A after expiry of the guaranty
      period.

     

    Party
      B
      agrees to provide replacement or maintenance for conveying pulley, large
      wallboard, jointing of roll and speed reduction box damaged due to quality
      problem within 3 years from the delivery date.

    


    
      	12.	
              Party
                B is responsible for providing technical information which includes
                two
                sets of instruction books, general drawing of the Equipment, electrical
                diagram, etc.

            


    

    


    
      	13.	
              Party
                A is responsible for supply of electricity, water, gas, heat, and
                other
                specific materials needed by the production
                lines.

            


    

    


    
      	14.	
              This
                Contract is signed in four originals with each party holding two
                originals. This Contract shall become effective once it is singed
                and
                stamped by both parties and on Party B’s receipt of the down payment.
                

            


    

    


    
      	15.	
              Settlement
                of Dispute

            


    

    By
      mutual
      consultation.

    


    Party
      A: Winner Medical (Huanggang) Co., Ltd,

    


    Address:
      No.1 Chibi Avenue, Huanggang City, Hubei Province

    


    Authorized
      Representative (Signature): Jianquan Li

    


    Official
      Seal

    


    July
      12th
      2005

    


     

    Party
      B: Zhengzhou Textile Machinery Co., Ltd,

    


    Address:
      No. 16, Yinpin Road, Hi-tech Development Zone, Zhengzhou, Henan
      Province

    Bank:
      Jin
      Branch of Industrial and Commercial Bank of China

    Account:
      1702020709200014220

    


    Authorized
      Representative (Signature): Faxiang Zhu

    


    Official
      Seal

    


    July
      12th
      2005

     

    
      
         

      

        -2-