Document:

Exhibit
      10.8

     

    Auction
      Completion Confirmation Contract
(Summary Translation)

    

    Contract
      No.: 2003-017

    Signed
      At: Auction
      Room of Shandong Weifang Auction House

    Time
      of
      Contract Signing: October
      9, 2003

    

    This
      contract is entered into with the Buyer of the Lot, after public auctioning
      and
      confirmation by the Auctioneer, according to the Auction Law of the People’s
      Republic of China and the Contract Law of the People’s Republic of
      China.

     

    1.
      Parties Concerned

     

    Auctioneer:
      Shandong
      Weifang Auction House,
      an
      independent legal entity with auctioning qualification, who
      organizes and implements this auction activity (Hereinafter referred to as
      Auctioneer).

     

    Buyer:
      Fuwei
      Films ( Shandong) Company Limited,
      a
      qualified bidder who voluntarily participated in the bidding and bought the
      Lot,
      through public bidding, at the highest bidding price (Hereinafter referred
      to as
      Buyer).

     

    2.
      Lot

     

    2.1.
      Name
      of Lot: See
      Jing Rong Lu Ping Zi (2003) No. 21. - Assets Appraisal Report on Shandong
      Neo-Luck Plastic Co., Ltd..

     

    2.2.
      Quantity of Lot: See
      Jing Rong Lu Ping Zi (2003) No. 21. - Assets Appraisal Report on Shandong
      Neo-Luck Plastic Co., Ltd..

     

    2.3.
      Quality of Lot: See
      Jing Rong Lu Ping Zi (2003) No. 21. - Assets Appraisal Report on Shandong
      Neo-Luck Plastic Co., Ltd..

     

    3.
      Sale
      price: RMB156,000,000.00
      (Say RMB One Hundred And Fifty Six Million Only.

     

    4.
      Auction commissions

     

    After
      the
      completion of the auction, the Auctioneer shall collect from the Buyer auction
      commissions in the amount of RMB40,000.00
      (Say RMB Forty Thousand Only).

     

    5.
      Payment of the Sale Price

     

    5.1.
      After the completion of the auction, the Buyer shall pay the sale price by
      two
      installments, with the first installment of RMB80 million to be paid before
      October 20, 2003, and the remaining balance to be paid in full by October 30,
      2003. 

     

    5.2.
      Method of Payment: Buyer
      shall transfer the payment to the account designated by the Auctioneer.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    6.
      Deposit

     

    After
      the
      completion of the auction, the bid bond, of RMB5 million, paid by the Buyer,
      shall be deemed as the deposit to be paid after the completion of the auction,
      which can only be refunded to the Buyer after he has paid the sale price in
      whole, or be used as the last payment of the sale price; should the Buyer fail
      to pay the sale price in full during the agreed time period, he has no right
      to
      request the refund of the deposit. 

     

    7.
      Delivery of the Lot

     

    After
      each payment, made by the Buyer, the Auction House shall coordinate with the
      Court and Seller to release the sequestrated and mortgaged assets (as per the
      value determined by the Jing Yong Lu Ping Zi (2003) No. 21. - Assets Appraisal
      Report on Shandong Neo-Luck Plastic Co., Ltd.) at the ratio of the said payment
      to the sale price. After each release, the Buyer shall settle the issues related
      to the transfer of corresponding part of the Lot directly with the Seller,
      with
      corresponding responsibilities to be agreed upon separately between the Buyer
      and the Seller. The Auctioneer has the obligation to help with the provision
      of
      certificate of auctioning, invoice and associated documents. 

     

    The
      right
      to interpret this provision lies with Bank of China Wei Fang
      Branch.

     

    8.
      Liability for Breach of Contract

     

    8.1.
      Should the Buyer fail to pay the sale price according to agreement, the deposit
      paid by the Buyer after the completion of the auction shall not be refunded
      to
      the Buyer by the Auctioneer; and the Auctioneer will re-auction the Lot. Should
      the Lot be put up for re-auction, the Buyer shall pay the commissions due by
      the
      Buyer himself and the Seller from the first auction to the Auctioneer. Should
      the sale price of the re-auction be lower than the sale price for the first
      auction, the original Buyer shall make up for the discrepancy.

     

    8.2.
      Risk
      of damage and loss of the Lot shall lie with the Seller before the delivery
      of
      the Lot, and lie with the Buyer after the delivery, except where the law
      provides otherwise or the concerned parties have agreed otherwise.

     

    8.3.
      Should the Lot be unable to be delivered according to agreement because of
      Buyer’s reasons, the Buyer shall bear the responsibility for the risk of damage
      and loss of the Lot from the day when he breached the agreement.

     

    8.4.
      The
      Auctioneer is responsible to ensure that no third party would claim any rights
      to the Lot from the Buyer, except where the law provides otherwise.

     

    8.5.
      Should the Buyer knew or should have known, at the time of signing the contract,
      that a third party has rights to the Lot, the Auctioneer is not bound by the
      obligations stipulated in provision 8.4.

     

    9.
      The
      Auctioneer must ensure that this auction activity is legitimate, and must
      protect the Buyer’s lawful benefits acquired through the auction activity.

     

    10.
      The
      Buyer shall have participated in the bidding after acquiring all information
      about the Lot, and shall be responsible for the status of the Lot. After the
      completion of the auction, the Buyer himself shall deal, at his own cost, with
      all relevant issues, such as transfer of rights of usage of buildings and lands
      and clearance of such buildings and lands; the Seller and the Auctioneer shall
      issue associated certificates.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    11.
      Should a decision, by the courts, arbitration institutes or other competent
      law
      enforcement agencies, terminating this auction activity, is received, or the
      Lot
      be lost because of force majeure, before the Lot is delivered, this contract
      shall be terminated automatically, and the Auctioneer shall not be responsible
      for any breach-of-contract compensation. 

     

    12.
      Should guaranty be needed, a separate letter of guaranty shall be separately
      provided as attachment to this contract. 

     

    13.
      Dispute Resolution

     

    Should
      there be any dispute arising among the two parties, mediation and conciliation
      shall be deployed to resolve the dispute. Should the party concerned be
      unwilling to avail himself of mediation and conciliation, or the mediation
      and
      conciliation failed to resolve the dispute, the dispute may be brought to a
      competent court. The concerned party shall implement the court ruling,
      arbitration decisions and mediation results that have come into legal effect,
      and the other party may request the court to force the implementation should
      the
      concerned party fail to do so. 

     

    14.
      This
      contract is made out in two copies with the Auctioneer and the Buyer each
      holding one, and shall come into effect on the date of execution.

    

    
      	
              Auctioneer

            	
              Buyer

            
	
              Name
                of Company (Seal):
                

            	
              Name
                of Company (Seal):
                

            
	
              Address
                of Company: 

            	
              Address
                of Company: 

            
	
              Legal
                Representative: 

            	
              Legal
                Representative: 

            
	
              Agent:
                

            	
              Agent:
                

            
	
              Phone:
                

            	
              Phone:
                

            
	
              Bank:
                

            	
              Bank:
                

            
	
              Account
                Number:
                

            	
              Account
                Number:Exhibit
      10.9

    LTP-97-007

    Auction
      Consignment Contract
(Summary Translation)

    

    Signed
      at
      : Beijing

     

    Time
      of
      contract signing : 2004/12/17

     

    Contract
      No. :

     

    Consignor
      (Name)
      Beijing
      Bao Rui Credit Guaranty Co.,Ltd
      Auctioneer (Name)
      Shanddong
      Yinxing Auction Co.,Ltd.

     

    Adress:
      No.
      88, Jian Guo Road, Chaoyang District, Beijing
      Adress:
8th
      Floor, No.3, He Ping Road, Jinan, Shandong

     

    Phone
      :
85680707     
      Post
      Code                        
Phone: 0531-08922881                     
      Post Code: 250014

    

    According
      to the Auction Law of the People’s Republic of China and other relevant laws and
      regulations, the above two parties have entered into this contract through
      friendly negotiations.

     

    1.
      Name,
      specification, quantity and quality of the Lot 

     

    1.1.
      Name
      of Lot: One set of CBOPET
      production line, film dividing and cutting machine; re-granulation system;
      twin-screw extruder; 

     

    1.2.
      Specification of Lot: On-line
      casting machine; polymerizing pot.

     

    1.3.
      Quantity of Lot: Details
      to be provided later as attachment

     

    1.4.
      Quality of Lot: 

     

    (If
      the
      Lot has many names and involves large quantity, and their specification and
      quality vary, the Lot List of the Auction Consignment Contract (Movable
      Property) and the Lot List of the Auction Consignment Contract (Immovable
      Property) may be filled. The lists are part of this provision, and have full
      legal force).

     

    2.
      Floor
      Price proposed by Consignor: RMB118,795,895.70元

     

    3.
      Time
      and place of auction:

     

    Time
      of
      auction: Morning,
      December 28, 2004             Place
      of auction:
Jinan

     

    4.
      Time
      and method of delivering or transferring the Lot: Deliver
      to the Buyer by the Consignor on the same day of the completion of the
      auction.

     

    5.
      Commissions and its payment terms: RMB480,000,
      deduct from the bid bond within 3 days of the completion of the auction.
      Auctioneer to issue invoice.

     

    6.
      Sale
      price and its payment terms: After
      the completion of the auction, the Buyer shall pay the sale price to the
      Auctioneer, who in turn shall transfer the sale price to the
      Consignor.

     

    7.
      Liability for breach of contract:  shall
      be governed by the Contract Law and the Auction Law.

     

    8.
      Resolution of disputes: Through
      negotiations

     

    9.
      Other
      issues agreed by both parties: 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    10.
      Consignor shall provide copies of the certificate and associated documents
      of
      Lot.

     

    11.
      Consignor
      shall provide certificate of right of disposal of Lot.

     

     

    
      	 Consignor (Seal):	 Auctioneer (Seal)	 Opinion by Verification
              Agency:
	 	 	 
	 Legal Representative:	 Legal Representative:	 
	 	 	 
	 Agent:	 Agent:	 Issuer:
	 	 	 
	 Bank:	 Bank:	 
	 	 	 
	 Bank Account:	 Bank Account:	 
	 	 	 
	 December 17, 2004	 December 17, 2004	 Date:

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