Document:

NUMBER                                                             UNITS
U-__________

SEE REVERSE FOR CERTAIN          CHARDAN CHINA ACQUISITION CORP. III
 DEFINITIONS

                                                                           CUSIP

      UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND TWO WARRANTS EACH
                      TO PURCHASE ONE SHARE OF COMMON STOCK

THIS CERTIFIES THAT
________________________________________________________________________________
is  the  owner  of  ____________________________________________________________
Units.

Each Unit ("Unit")  consists of one (1) share of common stock,  par value $.0001
per share ("Common  Stock"),  of Chardan China Acquisition Corp. III, a Delaware
corporation (the  "Company"),  and two warrants (the  "Warrants").  Each Warrant
entitles  the  holder to  purchase  one (1) share of Common  Stock for $5.00 per
share (subject to adjustment). Each Warrant will become exercisable on the later
of (i) the Company's  completion  of a merger,  capital  stock  exchange,  asset
acquisition or other similar business  combination and (ii)  ___________,  2006,
and will  expire  unless  exercised  before  5:00 p.m.,  New York City Time,  on
____________,  2009, or earlier upon redemption  (the  "Expiration  Date").  The
Common Stock and Warrants  comprising the Units  represented by this certificate
are not transferable  separately prior to __________,  2005,  subject to earlier
separation in the discretion of EarlyBirdCapital, Inc. The terms of the Warrants
are  governed by a Warrant  Agreement,  dated as of _______,  2005,  between the
Company and Continental  Stock Transfer & Trust Company,  as Warrant Agent,  and
are subject to the terms and provisions  contained  therein,  all of which terms
and provisions the holder of this certificate  consents to by acceptance hereof.
Copies of the Warrant  Agreement  are on file at the office of the Warrant Agent
at 17 Battery Place,  New York, New York 10004, and are available to any Warrant
holder on written request and without cost.

      This  certificate is not valid unless  countersigned by the Transfer Agent
and Registrar of the Company.

      Witness the facsimile  seal of the Company and the facsimile  signature of
its duly authorized officers.

By

                        Chardan China Acquisition Corp. III
________________________            CORPORATE               ____________________
   Chairman of the Board            DELAWARE                Secretary
                                      SEAL
                                      2005

<PAGE>

                       CHARDAN CHINA ACQUISITION CORP. III

      The  Company  will  furnish  without  charge  to each  stockholder  who so
requests,  a statement of the powers,  designations,  preferences  and relative,
participating, optional or other special rights of each class of stock or series
thereof of the Company and the qualifications,  limitations,  or restrictions of
such preferences and/or rights.

      The following  abbreviations,  when used in the inscription on the face of
this  certificate,  shall be  construed  as though they were written out in full
according to applicable laws or regulations:

TEN COM -  as tenants in common
TEN ENT -  as tenants by the entireties
JT TEN -   as joint tenants with right of survivorship
           and not as tenants in common

UNIF GIFT MIN ACT - _____ Custodian ______
                    (Cust)          (Minor)
         under Uniform Gifts to Minors Act ______________
                                               (State)

Additional Abbreviations may also be used though not in the above list.

      For value received,  ___________________________  hereby sell,  assign and
transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
       IDENTIFYING NUMBER OF ASSIGNEE
_____________________________________

_____________________________________

________________________________________________________________________________
  (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

________________________________________________________________________________

________________________________________________________________________________

___________________________________________________________________________Units

represented by the within Certificate,  and do hereby irrevocably constitute and
appoint

________________________________________________________________________Attorney
to transfer  the said Units on the books of the within  named  Company will full
power of substitution in the premises.

Dated__________________

                        ________________________________________________________
                        NOTICE: The signature to this assignment must correspond
                        with  the  name  as   written   upon  the  face  of  the
                        certificate in every particular,  without  alteration or
                        enlargement or any change whatever.

Signature(s) Guaranteed:

__________________________________________________________________________
THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
PURSUANT TO S.E.C. RULE 17Ad-15).NUMBER                                                     SHARES

______C

                       CHARDAN CHINA ACQUISITION CORP. III

              INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

                                  COMMON STOCK

                                                                 SEE REVERSE FOR
                                                             CERTAIN DEFINITIONS

THIS CERTIFIES THAT
                                                        CUSIP

IS THE OWNER OF

   FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $.0001 EACH OF THE
                                COMMON STOCK OF

                       CHARDAN CHINA ACQUISITION CORP. III

  transferable on the books of the Corporation in person or by duly authorized
         attorney upon surrender of this certificate properly endorsed.
            This certificate is not valid unless countersigned by the
                 Transfer Agent and registered by the Registrar.
                   Witness the seal of the Corporation and the
                        facsimile signatures of its duly
                              authorized officers.

  Dated:

                       Chardan China Acquisition Corp. III
                                    CORPORATE
--------------------                   SEAL                 --------------------
CHAIRMAN                               2005                 SECRETARY
                                     DELAWARE
<PAGE>

     The following  abbreviations,  when used in the  inscription on the face of
this  certificate,  shall be  construed  as though they were written out in full
according to applicable laws or regulations:

TEN COM - as tenants in common       UNIF GIFT MIN ACT - ______Custodian ______
TEN ENT - as tenants by the                              (Cust)          (Minor)
          entireties                                     under Uniform Gifts to
JT TEN -  as joint tenants with                          Minors Act ____________
          right of survivorship                                       (State)
          and not as tenants in
          common

     Additional Abbreviations may also be used though not in the above list.

                       CHARDAN CHINA ACQUISITION CORP. III

     The  Corporation  will furnish  without charge to each  stockholder  who so
requests the powers,  designations,  preferences  and  relative,  participating,
optional or other special rights of each class of stock or series thereof of the
Corporation  and  the  qualifications,  limitations,  or  restrictions  of  such
preferences and/or rights.  This certificate and the shares represented  thereby
are issued and shall be held subject to all the provisions of the Certificate of
Incorporation  and all  amendments  thereto  and  resolutions  of the  Board  of
Directors  providing for the issue of shares of Preferred Stock (copies of which
may be obtained  from the  secretary  of the  Corporation),  to all of which the
holder of this certificate by acceptance hereof assents.

For value received, ______________________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
       IDENTIFYING NUMBER OF ASSIGNEE

______________________________________

______________________________________

  (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

________________________________________________________________________________

________________________________________________________________________________
                                                                          shares
__________________________________________________________________________

of the capital stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint

                                                                       Attorney
______________________________________________________________________
to transfer the said stock on the books of the within named Corporation will
full power of substitution in the premises.

Dated
     ______________________
                                NOTICE:  The signature to this assignment must
                                         correspond with the name as written
                                         upon the face of the certificate in
                                         every particular, without alteration or
                                         enlargement or any change whatever.

Signature(s) Guaranteed:

___________________________________________________________________
THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
PURSUANT TO S.E.C. RULE 17Ad-15).

The holder of this certificate shall be entitled to receive funds from the trust
fund only in the event of the Company's liquidation upon failure to consummate a
business  combination  or if the holder seeks to convert his  respective  shares
into  cash  upon a  business  combination  which he voted  against  and which is
actually completed by the Company.  In no other  circumstances  shall the holder
have any right or interest of any kind in or to the trust fund.

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