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EXHIBIT 4.1

Translated from Chinese

China Zhengtong Holdings Co., Ltd.

Equity Transfer Agreement

By and Between

Shenyang Xing Yuan Dong Automobile Components Co., Ltd.

(as Transferor)

and

Shenyang JinBei Automotive Industry Co., Ltd.

(as Transferee)

Dated: December 1, 2002

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Translated from Chinese

This Agreement is entered into by the following parties on December 1, 2002:

Transferor: Shenyang Xing Yuan Dong Automobile Components Co., Ltd.

Transferee: Shenyang JinBei Automotive Industry Co., Ltd.

General Provisions

In order to enhance economic benefits, based on the principle of good faith and
mutual benefit, and in accordance with the relevant laws and regulations of the
Peoples Republic of China, the parties to this Agreement have reached the
following agreement through friendly consultation:

Article OneParties to the Agreement



|1.1 |  | The Parties to this Agreement
are:
Transferor: Shenyang Xing Yuan Dong Automobile Components Co., Ltd.                                                    
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|    |  | Address: No. 55, Hunnan Industrial Zone, High-New District, Shenyang City                                                                                 
|   
|    |  | Legal Representative:Hong Xing                                                                                                                            
|   
|    |  | Transferee: Shenyang JinBei
Automotive Industry Co., Ltd.
Address: No. 38, Wangliutang Road, Shenhe District, Shenyang City
Legal Representative:He Guohua

Article Two of the Agreement



|2.1 |  | The subject of transfer under this Agreement shall be 47.06% equity held
by Shenyang Xing Yuan Dong Automobile Components Co., Ltd. in China
Zhengtong Holdings Co., Ltd..
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Article Three Representations and Warranties

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Translated from Chinese

The Parties hereby represent and warrant to the other Party as follows:



|3.1 |  | The Parties to this Agreement are all enterprise legal persons registered
and legally existing under the PRC laws, and have full right to their
respective assets, and have the capability to independently conduct
economic activities and assume civil liabilities to other entities.                                       
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|3.2 |  | The Parties to this Agreement both have full capacity for civil rights
and capacity for civil conduct. The undersigned of this Agreement are
representatives approved by the board of directors of the Transferor (or
the Transferee), who have the right to sign this Agreement on behalf the
Transferor (or the Transferee).
|   
|3.3 |  | The Transferor hereby warrants that it is a company registered in
Shenyang City, Liaoning Province, PRC, and has passed the 2002 industry
and commerce annual review.                                                                                                                                                         
|   
|3.4 |  | The Transferee hereby warrants that it is a company registered in
Shenyang City, Liaoning Province, PRC, and has passed the 2002 industry
and commerce annual review.                                                                                                                                                         
|   
|3.5 |  | The Transferor hereby warrants that the 47.06% equity it holds in China
Zhengtong Holdings Co., Ltd. is in compliance with the laws of the
Peoples Republic of China, and is legal and valid.                                                                                                                                
|   
|3.6 |  | The Transferor hereby warrants that it has the right under the laws of
the Peoples Republic of China to own, use, enjoy the benefits of and
dispose of the equity described in Article 2.1 of this Agreement, and that
no third party right has been created on such equity.                                                 
|   
|3.7 |  | The terms in this Agreement are reflections of the true intent of the
Parties, and shall be binding upon both Parties to this Agreement.                                                                                                                                                                                      
|   
|3.8 |  | The performance of this Agreement will not be in violence of the laws
that the Parties are required to abide by, and will not breach any other
agreements or obligations which the Parties shall abide by.                                                                                                                    
|   
|3.9 |  | As of the date of execution of this Agreement, the Parties to this
Agreement shall provide lawful and valid legal documents related to this
equity transfer in the form of annexes to this Agreement, including but
not limited to resolutions of the Board and business license.                                             

Article Four Percentage of Equity Transfer



|4.1 |  | The percentage of the equity share to be transferred by the Transferor to
the Transferee shall be 47.06% equity that the Transferor holds in China
Zhengtong Holdings Co., Ltd.
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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Translated from Chinese



|4.2 |  | The original shareholding structure of China Zhengtong Holdings Co., Ltd.
is:
|--- |  | -----------------------------------------------------------------------------

|                                                        |  |  |       |  
|------------------------------------------------------- |  |  | ----- | -
|Minsheng Credit Guarantee Co., Ltd.                     |  |  | 48.04 | %
|Shenyang Xing Yuan Dong Automobile Components Co., Ltd. |  |  | 47.06 | %
|China Development Research Foundation                   |  |  | 0.07  | %
|China Golden Future Inc.                                |  |  | 4.83  | %

The shareholding structure after this equity transfer shall be:

|                                              |  |  |       |  
|--------------------------------------------- |  |  | ----- | -
|Minsheng Credit Guarantee Co., Ltd.           |  |  | 48.04 | %
|Shenyang JinBei Automotive Industry Co., Ltd. |  |  | 47.06 | %
|China Development Research Foundation         |  |  | 0.07  | %
|China Golden Future Inc.                      |  |  | 4.83  | %

Article Five Price of Equity Transfer



|5.1 |  | The Transferee agrees to receive the 47.06% equity held by the Transferor
in China Zhengtong Holdings Co., Ltd. by payment in cash.                                                                                     
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|5.2 |  | The equity transfer shall be deemed to have been closed after the
Transferee has completed the formalities of amendment of registration with
industry and commerce administration with the assistance of the
Transferor.
|   
|5.3 |  | The Transferee shall receive the above equity of the Transferor by
payment of an aggregate amount of RMB Four Hundred Eighty million (RMB
480,000,000).                                                                 

Article Six Term of Payment



|6.1 |  | As agreed by the Parties, the Transferee shall receive the 47.06% equity
held by the Transferor in China Zhengtong Holdings Co., Ltd. by payment in
cash.
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------

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Translated from Chinese



|6.2 |  | The Transferee shall make a single payment of RMB 480,000,000 provided in
Article 5.3 of this Agreement to the Transferor within the period between
the effective date of this Agreement and December 31, 2002.
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Article Seven Relevant Obligations of the Parties



|7.1 |  | Obligations of the Transferor
|--- |  | -----------------------------



| | 7.1.1 |  | Delivery of approval documents of the board of directors to
the Transferee within 3 days after the execution of this Agreement;
| | ----- |  | -------------------------------------------------------------------------------------------------------------------------------
|
| | 7.1.2 |  | Completion of formalities of equity transfer according to
the provisions of Article Five of this Agreement;                    
|
| | 7.1.3 |  | Provision of all documents related to the equity transfer
and registration amendment to the Transferee.                        



|7.2 |  | Obligations of the Transferee
|--- |  | -----------------------------



| | 7.2.1 |  | Delivery of approval documents of the board of directors to
the Transferor within 3 days after the execution of this Agreement;
| | ----- |  | -------------------------------------------------------------------------------------------------------------------------------
|
| | 7.2.2 |  | Payment according to the timing and requirements provided in
Article Six of this Agreement;                                    
|
| | 7.2.3 |  | Provision of all documents related to the equity transfer
and registration amendment to the Transferor.                        

Article Eight Liabilities of Breach of Agreement



|8.1 |  | In the event that the breach by any Party causes the other Partys
failure to perform or partial failure to perform this Agreement, the
breaching party shall be held liable for losses thus incurred. If both
Parties breach this Agreement, the Parties shall be responsible for
liabilities caused by their respective misconduct.
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Article Nine Force Majeure



|9.1 |  | Force majeure shall mean unforeseeable and inevitable events that are
beyond the control of the Parties, and that hamper either Partys
performance or partial performance of this Agreement after the
effectiveness of this Agreement, e.g., earthquake, act of god, war and
other events that are considered as force majeure events according to
international commercial practice.
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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Translated from Chinese



|9.2 |  | In the event of the occurrence of a force majeure event, the obligations
of the Party affected by such event shall be suspended during the
occurrence of the force majeure event, and shall automatically be
extended. The extension period shall be the same as the suspension
period. Such Party shall not be liable for breach of this Agreement.                                                                                       
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|9.3 |  | The Party that claims a force majeure event shall promptly notify the
other Party in writing after the occurrence of the event, and shall
provide sufficient certification issued by the local notary institution
with respect to the occurrence of the force majeure event and the period
in which such event persists. The Party claiming a force majeure event
shall use its best endeavors to minimize the effect of the force majeure.
|   
|9.4 |  | If a force majeure event occurs, the Parties shall promptly consult with
each other to seek a fair solution, and shall use their best efforts to
minimize the effect of the force majeure.                                                                                                                                                                                                                                                 

Article Ten Settlement of Dispute



|10.1 |  | Any dispute resulting from or in connection with this Agreement shall be
first settled by the Parties through friendly consultation, failing which,
either Party shall submit the dispute to China International Economic and
Trade Arbitration Commission for arbitration. The award of the
arbitration shall be final and binding upon both Parties.
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Article Eleven Miscellaneous



|11.1 |  | This Agreement is signed in three originals. Each Party shall have one
original, and one original shall be filed with the administration of
industry and commerce.                   
|---- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    
|11.2 |  | This Agreement shall become effective as of the date when the legal
representatives (or authorized representatives) of the Parties sign and
affix the company seal to this Agreement.
|    
|11.3 |  | Issues not covered in this Agreement may be provided in supplements to
this Agreement as annexes.                                                                                    

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Translated from Chinese

Signature Page

(No Body Text on This Page)

|                                                        |  |                                               
|------------------------------------------------------- |  | ----------------------------------------------
|Transferor:                                             |  | Transferee:                                   
|Shenyang Xing Yuan Dong Automobile Components
Co., Ltd. |  | Shenyang JinBei Automotive
Industry Co., Ltd. 
|(Seal)                                                  |  | (Seal)                                        
|                                                       
|By:/s/ Hong Xing                                        |  | By: /s/ He Guo Hua                            
|                                                        |  |                                               
|Legal Representative/Authorized Representative          |  | Legal Representative/Authorized Representative

Dated: December 1, 2002

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