Document:

<PAGE>

                                                                     EXHIBIT 4.4

                                DEED OF GUARANTEE

                                By the Guarantor

To       :  DF CHINA TECHNOLOGY INC, a company incorporated in the British
            Virgin Islands, whose shares are listed on the Nasdaq SmallCap
            Market and whose registered office is situate at Craigmur Chambers,
            P.O. Box 71, Road Town, Tortola, British Virgin Islands;

                                       and

            Guangzhou Dransfield Paper Limited, a company incorporated in the
            PRC, whose registered office is situate at Taiping Industrial Zone,
            Conghua, Guangzhou, Guangdong Province, China

Date     :  28 January, 2004

Dear Sirs

                                  Re: Guarantee

In consideration of you as the Vendor entering into a Sale and Purchase
Agreement (the "Agreement") particularly described below that is to say:-

Date     :  26 January, 2004

Vendor   :  DF China Technology Inc.

GDPL     :  Guangzhou Dransfield Paper Limited

Purchaser:  Gumption Trading Limited

The Agreement:

            (1)   Subject to the terms of the Agreement, the Vendor shall sell
                  as beneficial owner (and the Vendor shall cause its nominee to
                  transfer the legal ownership of the Sale Shares held by it as
                  a nominee on trust in favor of the Vendor) and the Purchaser
                  in reliance on the Warranties therein contained shall purchase
                  the Sale Shares free

<PAGE>

                  from all liens, charges and encumbrances and together with all
                  rights now or hereafter attaching thereto including all
                  dividends and distributions declared, made or paid on or after
                  the date of the Agreement.

            (2)   Subject to the terms of the Agreement, GDPL shall sell as
                  beneficial owner and the Purchaser in reliance on the
                  Warranties herein contained shall purchase the PRC Assets (1)
                  free from all liens, charges and encumbrances and together
                  with all rights now or hereafter attaching thereto.

We, the undersigned (the "Guarantor") with particulars as set out in the Exhibit
hereto, hereby irrevocably guarantee to the Vendor and GDPL jointly and
severally, on the terms and conditions in the Schedule hereto, due payment by
the Purchaser of all sums and charges and due performance and observance by the
Purchaser of the terms and conditions of the Agreement and undertake to pay
forthwith on demand in writing from both or either of you from time to time all
arrears of charges, payables and all losses, damages, claims, costs and expenses
properly and reasonably incurred by reason of or arising out of any breach by
the Purchaser of the terms and conditions of the Agreement. To avoid any doubt,
it is hereby expressly agreed that, there is no ceiling of liability of the
Guarantor under this Guarantee.

SEALED with the Common Seal of the Guarantor, and  )
SIGNED by                                          )
                                                   )
In the presence of:-                               )

                                     - 1 -
<PAGE>

                                  THE SCHEDULE

1.    The Guarantor hereby agrees and declares that this Guarantee shall not
      preclude the Vendor and GDPL, either jointly or severally, from enforcing
      the terms, covenants and conditions of the Agreement if default is made by
      the Purchaser in the payment of any money due under the Agreement or
      otherwise.

2.    This Guarantee shall be deemed to have commenced from the date of the
      Agreement and shall remain in full force and effect up to the last day of
      the tenth anniversary date of the Agreement.

3.    The Guarantor further agrees that this Guarantee shall not be affected by
      any change of name or status in the company, firm or individual described
      as the "Purchaser".

4.    The Guarantor further agrees that it shall not be discharged or released
      from this Guarantee by any arrangement made between the Vendor, GDPL and
      Purchaser or by any alteration in the obligations imposed upon the
      Purchaser by the Agreement or by any forbearance granted by the Vendor
      and/or GDPL to the Purchaser as to payment, time, performance or
      otherwise, and this forbearance may have been made or granted without the
      Guarantor's knowledge or assent.

5.    This Guarantee is to be governed by and construed in accordance with the
      Laws of Hong Kong Special Administrative Region and the parties
      irrevocably submit to the non-exclusive jurisdiction thereof.

6.    Any notice or process may be served on the Guarantor by leaving the same
      at the correspondence address in Hong Kong given in the Exhibit unless a
      substituted address in Hong Kong has been given to the Vendor and GDPL in
      writing in which case service at such substituted address shall be
      sufficient.

7.    In this Guarantee, words importing the singular number shall include the
      plural number and vice versa, and words importing the masculine, feminine
      or neuter genders shall include the others of them.

                                     - 2 -
<PAGE>

                                   THE EXHIBIT

                         (Particulars of the Guarantor)

The Guarantor's Name       :    [CHINESE CHARACTER]
                                (Qingdao Haotian Investment Limited)

Address                    :    [CHINESE CHARACTER] 51 [CHINESE CHARACTER]
                                  406 [CHINESE CHARACTER]
                                Unit 406, Guo Mao Building, No. 51 Tai Ping
                                Road, Shi Nan District, Qingdao

Correspondence address
in Hong Kong               :    Nil

Registration Number        :    3702002805543

                                     - 3 -<PAGE>

                                                                     EXHIBIT 4.5

                     Dated the 20th day of September , 2004.

                            DF CHINA TECHNOLOGY INC.
                                 (the "Vendor")

                                       and

                              GUMPTION TRADING LTD.
                                (the "Purchaser")

                                       and

                       GUANGZHOU DRANSFIELD PAPER LIMITED
                                    ("GDPL")

                       -----------------------------------

                              DEED OF CONFIRMATION

                       -----------------------------------

<PAGE>

THIS DEED OF CONFIRMATION is made the 20th day of September     ,  2004

BETWEEN :-

1.    DF CHINA TECHNOLOGY INC., a company incorporated in the British Virgin
      Islands, whose shares are listed on the Nasdaq SmallCap Market and now on
      OTC Bulletin Board, whose registered office is situate at Craigmur
      Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands (the
      "Vendor") of the first part;

2.    GUANGZHOU DRANSFIELD PAPER LTD., a company incorporated in The People's
      Republic of China, whose registered office is situate at Taiping
      Industrial Zone, Conghua, Guangzhou, Guangdong Province, The People's
      Republic of China ("GDPL") of the second part; and

3.    GUMPTION TRADING LIMITED, a company incorporated in the British Virgin
      Islands, whose registered office is situate at P.O. Box 3174, Road Town,
      Tortola, British Virgin Islands (the "Purchaser") of the third part

WHEREAS :-

1.    By an Agreement for the Sale and Purchase of Shares in certain
      Subsidiaries of DF China Technology Inc. and certain Assets in the PRC
      dated the 26th day of January, 2004 signed between the Vendor of the first
      part, the Purchaser of the second part and GDPL of the third part (the
      "Agreement"), the Vendor agreed to sell the Sale Shares (as defined in the
      Agreement), GDPL agreed to sell the PRC Assets (1) (as defined in the
      Agreement) and the Purchaser agreed to purchase the Sale Shares and the
      PRC Assets (1) under the terms and conditions of the Agreement.

2.    There are some uncertainties as to the liabilities of the Purchaser under
      the Agreement.

3.    The parties hereto have agreed to enter into this Deed for the purpose of
      clarifying and defining the liabilities of the Purchaser under the
      Agreement.

NOW THIS DEED WITHNESSETH as follows :-

1.    In consideration of the premises, the parties hereto hereby rectify and
      confirm the Agreement in the manner as follows :-

                                       1
<PAGE>

      (a)   The definition of "Contingent Liabilities" on page 2 of the
            Agreement be deleted in its entirety and replaced by the
            following :-

            "Contingent Liabilities" means the liabilities incurred by the
            Vendor and the Subsidiary Companies prior to the Completion Date
            even if not disclosed in the Audited Accounts and/or the Management
            Accounts;"

      (b)   The definition of "Employees' Entitlements" on page 2 of the
            Agreement be deleted in its entirety and replaced by the
            following : -

            "Employees' Entitlements" means all liabilities of the Subsidiary
            Companies to the Existing Employees which have been or shall be
            incurred and/or payable by the Subsidiary Companies on or before the
            Completion Date, including but not limited to all salaries,
            emoluments, benefits, long service payments, severance payments, all
            contributions required to be made by the Subsidiary Companies
            pursuant to the Central Pension Scheme operated by the government of
            The People's Republic of China and any other pension scheme in
            respect of the Subsidiary Companies, and all claims and demands by
            any former employees of the Subsidiary Companies or Existing
            Employees whether under any legislation relating to employment in
            The People's Republic of China or the Employment Ordinance Cap.57 of
            the Laws of Hong Kong or any other similar legislation whether in
            Hong Kong or The People's Republic of China;"

      (c)   Clause 4.02 on page 4 of the Agreement be deleted in its entirety
            and replaced by the following :-

            "The Purchaser hereby agrees, undertakes and warrants to pay and
            discharge all claims (including but not limited to taxation claims),
            demands, liabilities, damages, costs and expenses (including all
            legal expenses reasonably incurred) in relation to or arising from
            or in connection with any and all of the Leased Back Assets. The
            Purchaser undertakes, unconditionally and irrevocably, to indemnify
            and keep GDPL indemnified on a full indemnity basis, and hold GDPL
            harmless from and against all claims (including but not limited to
            taxation claims), demands, liabilities, damages, costs and expenses
            (including all legal expenses reasonably incurred) which GDPL may
            sustain, suffer, or incur arising from or in connection with the
            Lease Back Assets. This indemnity shall remain in full force and
            effect notwithstanding Completion."

      (d)   Clause 8.01(iii) on page 8 of the Agreement be deleted in its
            entirety and replaced by the following :-

                                       2
<PAGE>

            "Without prejudice to or limiting the generality of the foregoing
            and/or any other rights and remedies of the Vendor and GDPL
            hereunder or otherwise, in the event that the Vendor and/or GDPL is
            required to pay (i) any such costs and expenses for such removal and
            delivery aforesaid; and/or (ii) any duties, taxes, penalties and
            liabilities relating to the aforesaid PRC Assets and PRC Assets (1),
            to the government or authorities of The People's Republic of China
            and/or Hong Kong, the Purchaser hereby undertakes and warrants that
            it shall forthwith on demand of the Vendor and/or GDPL pay to the
            Vendor and/or GDPL (as the case may be) a sum equal to the same
            amount as the Vendor and/or GDPL is required to pay as aforesaid.
            This Clause shall remain in full force and effect notwithstanding
            Completion."

      (e)   Clause 9.02 on page 9 of the Agreement be deleted in its entirety
            and replaced by the following :-

            "For avoidance of doubt, notwithstanding anything contained in this
            Agreement to the contrary, the Vendor shall not be responsible for
            the Employees' Entitlements or any and all claims of wrongful
            dismissal or redundancy payment, severance payment or otherwise
            which may be brought by any Existing Employees or former employees
            against the Subsidiary Companies in respect of any period or periods
            of employment with the Subsidiary Companies before the Completion
            Date and the Purchaser undertakes, unconditionally and irrevocably,
            to indemnify and keep the Vendor indemnified on a full indemnity
            basis, and hold the Vendor harmless from and against the Employees'
            Entitlements, and the claims aforesaid and costs and expenses
            (including all legal expenses reasonably incurred) which the Vendor
            may sustain, suffer, or incur as a result of or arising out of the
            failure on the part of the Subsidiary Companies to pay the
            Employees' Entitlements or the claims aforesaid. This indemnity
            shall remain in full force and effect notwithstanding Completion."

      (f)   Clause 9.04 on page 9 of the Agreement be deleted in its entirety
            and replaced by the following :-

            "Notwithstanding anything contained herein, the Purchaser
            undertakes, unconditionally and irrevocably, to indemnify and keep
            the Vendor indemnified on a full indemnity basis, and hold the
            Vendor harmless from and against all claims (including but not
            limited to taxation claims), demands, liabilities, damages, costs
            and expenses (including all legal expenses reasonably incurred)
            which the Vendor may sustain, suffer, or incur arising from or in
            connection with the Subsidiary Companies and/or its/their business
            activities or operations. This indemnity shall remain in full force
            and effect notwithstanding Completion."

                                       3
<PAGE>

      (g)   The following shall be added as Clause 9.06 :-

            "The Purchaser hereby represents, warrants and undertakes that the
            Purchaser will on demand of the Vendor forthwith pay and discharge
            any and all liabilities of the Vendor incurred by the Vendor prior
            to Completion (whether actual or contingent). For the avoidance of
            doubt, the Purchaser shall have no claim or any recourse against the
            Vendor in respect of any payment or discharge of any liability of
            the Vendor aforesaid. This Clause shall remain in full force and
            effect notwithstanding Completion."

2.    Save as varied or rectified as aforesaid, the Vendor, GDPL and the
      Purchaser hereby agree and declare that the terms and conditions of the
      Agreement in so far as the same are still subsisting and capable of taking
      effect shall remain in full force and effect and all the provisions
      covenants and terms contained, incorporated and/or implied therein shall
      in all respect continue to be binding on the Vendor, GDPL and the
      Purchaser (as the case may be).

3.    The parties hereto hereby agree and declare that this Deed shall operate
      to take effect as from the date of the Agreement.

4.    It is expressly declared and agreed that nothing herein shall prejudice or
      affect the rights of the parties in respect of any antecedent breach which
      might have been committed by the other party or parties prior to the
      execution of this Deed and it is hereby further declared that all such
      rights shall be enforceable by any party under the Agreement (as amended
      by this Deed).

5.    This Deed shall be governed by and construed in accordance with the laws
      of Hong Kong and the parties hereto hereby irrevocably submit to the
      non-exclusive jurisdiction of the Courts of Hong Kong.

      IN WITNESS whereof the parties hereto have executed this Deed the day and
year first above written.

SEALED with the Common Seal of the                )
Vendor and signed by Dr. Fan Di, its director     )
duly authorized by the board, in the presence     )
of :-                                             )

                                       4
<PAGE>

SEALED with the Common Seal of GDPL               )
and signed by Zhou Li Yang, its director, duly    )
authorized by the board, in the presence of :-    )

SEALED with the Common Seal of the                )
Purchaser and signed by Li Yang, its director     )
duly authorized by the board, in the presence     )
of :-                                             )

                                       5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]