<PAGE>

                                                                   Exhibit 10.11

                                BUSINESS LICENSE

                          OF AN ENTERPRISE LEGAL PERSON


        Registration No.: Qi Du Yue Shen Zong Zi No. 308985
        Date of Establishment: 25 April 2002

                Number of Duplicates: 1
                Registration Authority: Shenzhen Municipal Administration for
                                        Industry and Commerce

                        (sealed) Shenzhen Municipal Administration for Industry
                        and Commerce

                                                   17 May 2004

                                                   2002 Annual Audit Completed

<PAGE>

                                                             Serial No.: 0578794

Name                       :      Concord Camera (Shenzhen) Company Limited

Domicile                   :      Industrial Zone 189, Henggang Town, Longgang
                                  District, Shenzhen Municipality

Legal representative       :      Keith Lampert

Registered capital         :      US$1.5 million (paid-up capital: $1.5 million)

Type of enterprise         :      wholly foreign-owned enterprise (Hong Kong
                                  Investment)

Scope of business          :      production and operation of mechanical
                                  cameras, single-use cameras, digital cameras,
                                  camera parts (may only commence operations
                                  upon passing the fire safety inspection)

Branch Organisations

Term of operation          :      from 25 April 2002 to 25 April 2052

[shall report for annual inspection to the registration authority each year from
1 January to 30 April, no further notice shall be given]

<PAGE>

                                BUSINESS LICENSE

                          OF AN ENTERPRISE LEGAL PERSON

                            (Duplicate) Duplicate: 1

                 Registration No.: Qi Du Yue Shen Zong Zi No. 308985

Name                       :      Concord Camera (Shenzhen) Company Limited

Domicile                   :      Industrial Zone 189, Henggang Town, Longgang
                                  District, Shenzhen Municipality

Legal representative       :      Keith Lampert

Registered capital         :      US$1.5 million (paid-up capital: $1.5 million)

Type of enterprise         :      wholly foreign-owned enterprise (Hong Kong
                                  investment)

Scope of business          :      production and operation of mechanical
                                  cameras, single-use cameras, digital cameras,
                                  camera parts (may only commence operations
                                  upon passing the fire safety inspection)

Branch Organisations       :

Term of operation          :      from 25 April 2002 to 25 April 2052

Date of establishment      :      25 April 2002

                                                     2002 Annual Audit Completed

<PAGE>

                                                          Serial Number: 0673694

                                   EXPLANATION

1.      The Business License of an Enterprise Legal Person is evidence that an
        enterprise has obtained the status of an enterprise legal person and is
        operating lawfully.

2.      The Business License of an Enterprise Legal Person is divided into an
        original and a duplicate. The original and duplicate have the same legal
        validity and effect. The original of the business license shall be
        placed at a visible location at the domicile of the enterprise legal
        person. An enterprise legal person may apply to the registration
        authority to obtain several duplicates in accordance with its business
        needs.

3.      The business license may not be forged, altered, leased, lent or
        assigned. Any unit or individual other than the registration authority
        may not detain, confiscate or revoke the business license.

4.      An enterprise legal person shall engage in business activities within
        the scope of business registered following verification.

5.      When there is a change in the items registered by an enterprise legal
        person, it shall apply to the original registration authority for
        amendment of the registration.

6.      The registration authority conducts an annual inspection of enterprise
        legal persons from 1 January to 30 April each year.

7.      When the registration of an enterprise is cancelled, it shall return the
        original and the duplicate(s) of the business license. The business
        license becomes void automatically as soon as it has been cancelled by
        the registration authority.

             Details of Annual Inspection of Enterprise Legal Person

2003 Annual Audit
completed

Registration Authority: Shenzhen Municipal Administration for Industry and
                        Commerce

(Sealed) Shenzhen Municipal Administration for Industry and Commerce

17 May 2004