Document:

EXHIBIT 10.34

Summary of Loan Agreement signed by and between the Company and Development Bank
on April 28th, 2005 ("Loan Agreement 1"):

     o    Contract number: Shenfa Longgang Dai Zi NO.20050407002.

     o    Loan Principal: RMB 64 million;

     o    Loan term:  one year starting from the date loan is actually  provided
          to the Company.

     o    Interest rate: fixed rate of 6.138%;

          Penalty interest rate for delayed repayment: 6.138% plus 50% *6.138%;

          Penalty interest rate for embezzlement of loan proceeds: 6.138% * 2;

     o    Purpose of the loan is to provide working capital for the Company;

     o    Advanced  repayment of loan needs to be approved by  Development  Bank
          and Development Bank is entitled to charge a month's interest based on
          the prepaid loan principal as penalty;

     o    If any of the  following  occurs,  Development  Bank  is  entitled  to
          terminate  Loan  Agreement  1 before its term and  withdraw  all loans
          provided and cancel all loans not yet provided under Loan Agreement 1:

          ---  The Company terminates operation or is stopped from operation;

          ---  The Company provides untrue documents or hide important financial
               information about its operation;

          ---  The  Company  intentionally  evades  bank debts by way of related
               party transaction or other means;

          ---  The Company uses loan  proceeds  for purposes  other than what is
               agreed without the consent of Development Bank;

          ---  Occurrence of other instances which endangers or may endanger the
               safety  of the loan  provided  by  Development  Bank  under  Loan
               Agreement 1;

     o    Breach of contract  penalties:  suspension of loan unprovided,  demand
          prepayment of loan principal and interest before maturity;  imposition
          of punitive  interest;  compensation  for Development  Bank's expenses
          incurred due to the Company's breach of contract such as lawyer's fee,
          travel cost in case of litigation, etc.

     o    Special term:

          If the Company belongs to the group client category,  it should report
          to  Development  Bank in writing within 10 days from the occurrence of
          any related party transaction involving more than 10% of the Company's
          net asset.EXHIBIT 10.35

Summary of Loan Agreement signed by and between Development Bank and the Company
on May 18th, 2005 ("Loan Agreement 2"):

     o    Contract number: Shenfa Longgang Dai Zi NO.20050518001;

     o    Loan Principal: RMB10 million;

     o    Loan term: From the date loan is provided to April 30,2006;

     o    Interest rate: fixed at 6.138%;

          Penalty interest rate for delayed repayment: 6.138% plus 50% *6.138%;

          Penalty interest rate for embezzlement of loan proceeds: 6.138% * 2;

     o    Purpose of the loan is to provide working capital for the Company;

     o    Advanced  repayment of loan needs to be approved by  Development  Bank
          and Development Bank is entitled to charge a month's interest based on
          the prepaid loan principal as penalty;

     o    If any of the  following  occurs,  Development  Bank  is  entitled  to
          terminate  Loan  Agreement  2 before its term and  withdraw  all loans
          provided and cancel all loans not yet provided under Loan Agreement 2:

          ---  The Company terminates operation or is stopped from operation;

          ---  The Company provides untrue documents or hide important financial
               information about its operation;

          ---  The  Company  intentionally  evades  bank debts by way of related
               party transaction or other means;

          ---  The Company uses loan  proceeds  for purposes  other than what is
               agreed without the consent of Development Bank;

          ---  Occurrence of other instances which endangers or may endanger the
               safety  of the loan  provided  by  Development  Bank  under  Loan
               Agreement 2;

     o    Breach of contract  penalties:  suspension of loan unprovided,  demand
          prepayment of loan principal and interest before maturity;  imposition
          of punitive  interest;  compensation  for Development  Bank's expenses
          incurred due to the Company's breach of contract such as lawyer's fee,
          travel cost in case of litigation, etc.

     o    Special term:

          If the Company belongs to the group client category,  it should report
          to  Development  Bank in writing within 10 days from the occurrence of
          any related party transaction involving more than 10% of the Company's
          net asset.EXHIBIT 10.36

Summary of Loan Agreement Signed By and Between the Company and Development Bank
on May 27th, 2005 ("Loan Agreement 3"):

     o    Contract number: Shenfa Longgang Dai Zi NO.20050527001.

     o    Loan Principal: RMB 4 million;

     o    Loan term:  one year starting from the date loan is actually  provided
          to the Company.

     o    Interest rate: fixed rate of 6.138%;

          Penalty interest rate for delayed repayment: 6.138% plus 50% *6.138%;

          Penalty interest rate for embezzlement of loan proceeds: 6.138% * 2;

     o    Purpose of the loan is to provide working capital for the Company;

     o    Advanced  repayment of loan needs to be approved by  Development  Bank
          and Development  Bank is entitled to charge one month's interest based
          on the prepaid loan principal as penalty;

     o    If any of the  following  occurs,  Development  Bank  is  entitled  to
          terminate  Loan  Agreement  3 before its term and  withdraw  all loans
          provided and cancel all loans not yet provided under Loan Agreement 3:

          ---  The Company terminates operation or is stopped from operation;

          ---  The Company provides untrue documents or hide important financial
               information about its operation;

          ---  The  Company  intentionally  evades  bank debts by way of related
               party transaction or other means;

          ---  The Company uses loan  proceeds  for purposes  other than what is
               agreed without the consent of Development Bank;

          ---  Occurrence of other instances which endangers or may endanger the
               safety  of the loan  provided  by  Development  Bank  under  Loan
               Agreement 3;

     o    Breach of contract  penalties:  suspension of loan unprovided,  demand
          prepayment of loan principal and interest before maturity;  imposition
          of punitive  interest;  compensation  for Development  Bank's expenses
          incurred due to the Company's breach of contract such as lawyer's fee,
          travel cost in case of litigation, etc.

     o    Special term:

          If the Company belongs to the group client category,  it should report
          to  Development  Bank in writing within 10 days from the occurrence of
          any related party transaction involving more than 10% of the Company's
          net asset.EXHIBIT 10.37

Summary of Loan Agreement Signed By and Between the Company and Development Bank
on June 3rd, 2005 ("Loan Agreement 4"):

     o    Contract number: Shenfa Longgang Dai Zi NO.20050603001.

     o    Loan Principal: RMB 12 million;

     o    Loan term:  one year starting from the date loan is actually  provided
          to the Company.

     o    Interest rate: fixed rate of 6.138%;

          Penalty interest rate for delayed repayment: 6.138% plus 50% *6.138%;

          Penalty interest rate for embezzlement of loan proceeds: 6.138% * 2;

     o    Purpose of the loan is to provide working capital for the Company;

     o    Advanced  repayment of loan needs to be approved by  Development  bank
          and Development Bank is entitled to charge a month's interest based on
          the prepaid loan principal as penalty;

     o    If any of the  following  occurs,  Development  Bank  is  entitled  to
          terminate  Loan  Agreement  4 before its term and  withdraw  all loans
          provided and cancel all loans not yet provided under Loan Agreement 4:

          ---  The Company terminates operation or is stopped from operation;

          ---  The Company provides untrue documents or hide important financial
               information about its operation;

          ---  The  Company  intentionally  evades  bank debts by way of related
               party transaction or other means;

          ---  The Company uses loan  proceeds  for purposes  other than what is
               agreed without the consent of Development bank;

          ---  Occurrence of other instances which endangers or may endanger the
               safety  of the loan  provided  by  Development  Bank  under  Loan
               Agreement 4;

     o    Breach of contract  penalties:  suspension of loan unprovided,  demand
          prepayment of loan principal and interest before maturity;  imposition
          of punitive  interest;  compensation  for Development  bank's expenses
          incurred due to the Company's breach of contract such as lawyer's fee,
          travel cost in case of litigation, etc.

     o    Special term:

          If the Company belongs to the group client category,  it should report
          to the Lender in  writing  within 10 days from the  occurrence  of any
          related party transaction involving more than 10% of the Company's net
          asset.EXHIBIT 10.38

Summary  of Loan  Agreement  Entered  By and  Between  Development  Bank and the
Company On May 18th, 2005 ("Loan Agreement 5"):

     o    Contract number: Shenfa Longgang Dai Zi NO.20050518002;

     o    Loan principal: RMB47.5million;

     o    Loan term: one year starting from the date loan is provided;

     o    Interest rate: fixed at 5.58%;

          Penalty interest rate for delayed repayment: 5.588% plus 50% *5.58%;

          Penalty interest rate for embezzlement of loan proceeds: 5.58% * 2;

     o    Purpose of the loan is to provide working capital for the Company;

     o    Advanced  repayment of loan needs to be approved by  Development  Bank
          and Development  Bank is entitled to charge one month's interest based
          on the prepaid loan principal as penalty;

     o    If any of the  following  occurs,  Development  Bank  is  entitled  to
          terminate  Loan  Agreement  5 before its term and  withdraw  all loans
          provided and cancel all loans not yet provided under Loan Agreement 5:

          ---  The Company terminates operation or is stopped from operation;

          ---  The Company provides untrue documents or hide important financial
               information about its operation;

          ---  The  Company  intentionally  evades  bank debts by way of related
               party transaction or other means;

          ---  The Company uses loan  proceeds  for purposes  other than what is
               agreed without the consent of the Lender;

          ---  Occurrence of other instances which endangers or may endanger the
               safety  of the loan  provided  by  Development  Bank  under  Loan
               Agreement 5;

     o    Breach of contract  penalties:  suspension of loan unprovided,  demand
          prepayment of loan principal and interest before maturity;  imposition
          of punitive  interest;  compensation  for Development  Bank's expenses
          incurred due to the Company's breach of contract such as lawyer's fee,
          travel cost in case of litigation, etc.

     o    Special term:

          If the Company belongs to the group client category,  it should report
          to the Lender in  writing  within 10 days from the  occurrence  of any
          related party transaction involving more than 10% of the Company's net
          asset.

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