Document:

EQUITY
PLEDGE AGREEMENT

      

      This
equity pledge agreement (this “Agreement”) is made on the 26th day of
November, 2008, at Shijiazhuang, the People’s Republic of China (the “PRC”) by
and among the following parties:

      

      
        	
                (1)

              	
                Hebei
      Chuang Lian Trade Co., Ltd. ( “Pledgee”)

              

      

      Registered
Number: 130000400002919

      Registered
Address: 322 East Zhongshan Road, Shijiazhuang

      Legal
representative: Zhang Zhongwen

      

      
        	
                (2)

              	
                Hebei
      Shijie Kaiyuan Logistics Co., Ltd. (“Pledgor”)

              

      

      Registration
Number: 130000000018957

      Registered
Address: 322 East Zhongshan Road, Shijiazhuang

      Legal
representative: Peng Jinyu

      

      WHEREAS:

      

      1.    Pledgor,
a limited liability company registered and existing under the laws of PRC, hold
the ownership interest of 【48】 Transportation
Companies 【in
the jurisdiction of china】. (“the
Transportation Companies”) (the amount of
capital and percentage of ownership hold by Pledgor in Transportation Companies
set forth in schedule hereto)

      

      2.    Pledgee,
a wholly foreign owned enterprise organized and existing under the laws of the
PRC.

      

      3.    Pledgee
and Pledgor both agree, Pledgor shall assign and transfer the equity interests
of Transportation Companies to Pledgee unconditionally and perform all the
obligations (hereinafter “Security Obligation”) of Option Agreement (hereinafter
“Transaction Agreement”) which entered by Pledgor and Pledgee in good faith and
completely.

      

      4.    The
Pledgor agrees to pledge all of his equity interest in the Transportation
Companies to Pledgee as collateral for securing its obligations.

      

      NOW THEREFORE, through mutual
consents, the Parties have reached the following agreements:

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      1.    DEFINITIONS

      

      Unless
otherwise provided, the definitions below shall have the following meanings
throughout this Agreement:

      

      1.1 PLEDGES:
means all the right and beneficial interest set forth at the Clause 2 of this
Agreement.

      

      1.2 EQUITY
INTEREST: means any and all the equity interests of Transportation Companies
held by Pledgor legally and the rights and interests in connection with the
equity interests in the meantime and in the future.

      

      1.3 EVENT
OF DEFAULT: means any event set forth at the Clause 8 herein.

      

      1.4 NOTICES
OF THE EVENT OF DEFAULT: means the notices delivered by the Pledgee for the
purpose of declare the event of default pursuant to this Agreement.

      

      2.    THE
PLEDGED INTERESTS

      

      2.1 Pledgor
hereby pledge all its equity interests in Transportation Companies to secure
performance of all obligations, penalties, damages, costs of exercising the
pledged interests and any indebtedness to Pledgee pursuant to the terms of the
Transaction Agreement.

      

      2.2 The
Pledge Interests hereunder means the rights and interests owned by Pledgee and
take the right to request first priority repayment which Pledgor pledge its
equity interest to Pledgee as collateral for securing his
obligation.

      

      2.3
Unless the Pledgee otherwise consent in writing after the execution of this
Agreement, the pledge under this Agreement shall be valid until the obligations
have been fully discharged and have been permitted by Pledgee in
writing.

      

      3.    NATRUE
OF PLEDGE

      

      3.1 The
pledge under this Agreement shall not be affected by any other pledge or
security interest in accordance with security obligation, and not affect the
effectiveness of any other pledge or security interest.

      

      3.2 The
right of Pledgor and Pledgee hereunder shall not be affected or waived at any
circumstance set forth below:

      

           3.2.1 Any
extension, waiver, relief or termination of the obligations of any Party with
the consent of Pledgee.

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

           3.2.2 Any
amendment, mortification or supplementary of the Transaction
Agreement.

      

           3.2.3
Any disposal, change or termination in connection with any other pledge or
guaranty on the secured obligation;

      

           3.2.4
Any agreement made by Pledgee and any other parties which may affect the Pledged
Interests;

      

           3.2.5
Any delay, performance, breach or mistake in connection with exercising of
rights by Pledgee under this Agreement.

      

           3.2.6
Any acknowledgement of illegality, invalidity or unenforceability of any
transaction or its performance, or

      

           3.2.7
Any other event which may affect any Pledgor’s obligation under this
Agreement.

      

      4.    EFFECTIVENESS

      

      4.1 This
Agreement becomes effective upon the entry of such pledge into the shareholder’s
register of Administration Bureau of Industry and Commerce.

      

      4.2 During
the term of pledge, provide the Pledgor fail to performance of its security
obligation, the Pledgee entitle the right to exercise the rights subject to this
Agreement.

      

      5.    THE
POSSESSION OF CERTIFICATE

      

      5.1 The
Pledgor shall put the original certificate of capital injection of
Transportation Companies (the “Certificate”) under the  custodian of
the Pledgee during the pledge term provided by this Agreement. The Pledgor shall
deliver the Certificate and the appropriate evidence which proves the pledge has
been properly registered into the Register of Transportation Companies within
one (1) week.

      

      5.2
Without prior written consent of Pledgee, Pledgor shall not declare or
distribute any income (if any, including but not limitation, dividend and
profit), such income shall be deemed as collateral for securing their
obligations. Pledgor shall transfer such income generated by the said equity
interests to a bank account designated in writing by Pledgee.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      6.    REPRESENTATIONS
AND WARRANTIES

      

      Pledgor
hereby represents and warrants to the Pledgee set forth as below, and
acknowledges that the execution and enforcement hereof by Pledgee is depended
upon the represents and warrants herein:

      

      6.1 Transportation
Companies are enterprise established and existing under the laws of the
PRC.

      

      6.2 Transportation
Companies have had any and all necessary approval, authorization and permission
from government, and has accomplished all the registration and
filing.

       

      6.3 The
Pledgor has the capacity for civil right and capacity for civil conduct for
execute and perform this Agreement.

      

      6.4 The
execution and performance of this Agreement by Pledgor shall not conflict with
the Article of Association of Transportation Companies or any other relevant
documents. The Pledgor has obtained any and all necessary approvals and
authorizations for the execution and performance of this Agreement.

      

      6.5 The
execution and performance of this Agreement will not violate any laws or
regulations of the PRC, or violate any conditions of licenses, authorities,
notices or any other governmental documents necessary, or conflict with or
result in a breach or violation of any contracts or agreements to which Pledgor
is a party.

      

      6.6 The
Pledgor has paid up the registered capital according to the equity in connection
with Transportation Companies under the PRC laws and obtained the capital
verification report issued by qualified certified public accounting
firm.

      

      6.7 The
Pledgor has full right, title and interest in the Pledged Interests and free of
lien or other security interest other than the pledges created by this
Agreement.

      

      6.8 The
Pledgor or Transportation Companies have not conducted any acts or actions which
may material adverse affect the assets, business of Transportation Companies or
the obligations of the Pledgor until the date of execution.

      

      6.9 The
Pledgor have not pledged, assigned or otherwise transferred to any third party
any of their interest in the pledged Interests during the term.

      

      6.10
Except for the encumbrances that have already disclosed, the Pledgor did not
pledge, mortgage or create any other priority right in all assets of
Transportation Companies.

      6.11 
All the documents delivered from Pledgor to Pledgee is true, completed, accurate
and contain no material misrepresentation or error.

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      6.12 No
further intervention other than the applicable law in the event that the Pledgee
exercises its rights according to the terms and conditions under this Agreement
at any time.

      

      6.13 The
Pledgee is entitled to acquire all right, title and interest to any of the
pledged interests or beneficial interests according to the terms and conditions
in this Agreement and under the PRC laws.

      

      6.14 On
the date of this Agreement entered, there is no civil or criminal legal
proceeding and arbitration is current or pending against Pledgor’s entry into
this Agreement or performance of their obligations hereunder.

      

      6.15 No
outstanding taxes, expenses due or unconsummated legal proceedings, procedures
which should have consummated as of the date of execution.

      

      6.16 All
or any provisions hereunder represent the real intention of parties, and each
party will legally bound by this Agreement.

      

      7.    CONVENANTS

      

      7.1 During
the terms of this Agreement, Pledgor hereby covenants to Pledgee as
follows:

      

      7.1.1 It
will not transfer the Pledged Interests or cause or allow the Pledged Interests
to be used as security for any other obligation that may affect Pledgee’s right
or beneficial without the prior written consent of Pledgee except that the
Pledgee require the Pledgor to assign or transfer the equity
interest.

      

      7.1.2
Without the Pledgee’s written consent, during the term from the signature of
this Agreement to the termination of the pledge hereunder, the Pledgor or
Transportation Companies shall not take any action involve in any event which
will material adversely affects the asset and business of Transportation
Companies or the responsibility of the Pledgor.

      

      7.1.3
Without the Pledgee’s written consent, during the term from the execution of
this Agreement to the termination of the pledge hereunder, the Pledgor warranty
that Transportation Companies shall not pledge, mortgage or create any other
restrictive right in all or any of their asset.

      

      7.1.4 It
will comply with and enforce any and all applicable laws, rules and regulations
and deliver all the notices, instructions or advices within five(5) days to
Pledgee in the event that he received such notices, instructions and advices
from the authorized government entity, and conduct acts under the reasonable
instructions of Pledgee.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      7.1.5 It
shall promptly notify Pledgee of any event that may materially affect Pledgee’s
rights to any portion of the Pledged Interests or any of Pledgor’s guarantees or
obligations hereunder and follow the instructions of Pledgee.

      

      7.1.6
Comply with the representations and warranties aforesaid at Clause 6 and keep it
effective.

      

      7.2 The
Pledgor agrees, the Pledgee is entitled to exercise the rights according to the
terms and conditions of this Agreement, and free from the intervention and
encumbrance from the Pledgor, its successor, assignor or any other
person.

      

      7.3 The
Pledgor hereby covenants to Pledgee, he will enter into and cause any other
person who affects the Pledged Interests to enter into any certificate, deed
which required by Pledgee in good faith, and/or conduct and cause any other
person who affects the Pledged Interests to conduct actions which required by
Pledgee. And it will enter into all the alter documents in connection with the
equity interest certificate with the Pledgee or any other person designated by
it, and provides all the necessary documents according to the Pledged Interests
to Pledgee during the reasonable term.

      

      7.4 
Pledgor shall comply with and perform all the guarantees, covenants, agreements,
represents and conditions. If it is failed to perform or performed in full, it
shall reimburse all the relevant losses and damages to Pledgee.

      

      8.    EVENT
OF DEFAULT

      

      8.1 Each
of the followings shall be deemed an Event of Default:

      

      8.1.1
Pledgor, its successors and agents fails to perform any security
obligation;

      

      8.1.2 Any
representation or warranty made by the Pledgor in Clause 6 herein contains a
material misrepresentation or error;

      

      8.1.3 Any
Pledgor breaches any of the warranties in Clause 6 or covenants made in Clause 7
herein;

      

      8.1.4 Any
Pledgor breaches any clauses under this Agreement;

      

      
        8.1.5 Any
Pledgor transfers the Pledged Interest without the prior written consent of
Pledgee, except as provided in Clause 7.1.1 herein;

      

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      8.1.6
Loans, encumbrances, indemnities, promises or any other remedies arising in
connection with breach which demands that Pledgor immediately perform all the
obligations including payment of all outstanding payments due leads the Pledgee
believe that the Pledgor’s ability to perform his or her obligations under this
Agreement has been adversely affected.

      

      8.1.7
Pledgor cannot satisfy its indebtedness or any other debt;

      

      8.1.8 The
promulgation of any applicable laws or regulations renders this Agreement
illegal or makes the Pledgor’s performance under this Agreement
impossible.

      

      8.1.9 Any
approval, license, permit or authorization of government agencies that makes
this Agreement enforceable, legal and effective is withdrawn, terminated,
invalidated or substantively changed.

      

      8.1.10 A
adversely change occurring in the financial conditions of Pledgor leads Pledgee
to believe the Pledgor’s ability to perform his or her obligations under this
Agreement has been adversely affected.

      

      8.1.11
The discontinuance, termination, forced closure or liquidation of the Pledgor or
Transportation Companies.

      

      8.1.12
Any other event precludes Pledgee to exercise its pledge right under the
applicable laws.

      

      8.2 Pledgor
shall immediately notify Pledgee in writing upon the incident of any Event of
Default or any event which with lapse of time and/or notice will constitute an
Event of Default.

      

      8.3 Unless
the Event of Default specified in Clause 8.1 aforesaid has been resolved
satisfaction, Pledgee may deliver a written notice of default to Pledgor, which
demands that Pledgor immediately perform all the obligations or enforces or
disposes of the Pledged Interest in accordance with the Clause 9 under this
Agreement.

       

      9.    ENFORCEMENT
OF PLEDGES

      

      9.1 Prior
to the Pledgor’s security obligation has been discharged, Pledgor shall not
transfer its equity interest without prior written consent of
Pledgee.

      

      9.2 An
Enforcement Notice shall be delivered to Pledgor before Pledgee exercise its
Pledge right under this Agreement.

      

      9.3 Subject
to Clause 8.3, from and including delivery of the Default Notice under this
Agreement, Pledgee shall become entitle to exercise the right of Pledged
Interest at its sole discretion.

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      9.4 Pledgee
is entitled to enforce the pledges of first order in priority by dispose of the
pledge interests hereunder legally.

      

      9.5 The
Pledgor shall not hinder and shall take necessary assistance for the enforcement
of pledges by Pledgee.

      

      10.    ASSIGNMENTS

      

      10.1
Without Prior written consent by Pledgee, the Pledgor shall not assign or
transfer all or any of its rights or obligation under this
Agreement.

      

      10.2 This
Agreement shall have binding force on Pledgor and its successors and assigns,
and this Agreement is in full force and effect for the Pledgee and its
successors and assigns.

      

      10.3
Pledgee may transfer or assign the security obligation to any third party
designated by it. In that event, the assignee shall have the same rights and
obligations as the Pledgee under this Agreement. The Pledgor shall execute
relevant agreements or documents in connection with the assignment upon received
the request of Pledgee.

      

      10.4 The
Parties shall execute a new pledge equity agreement provide the verification of
the Pledgee which caused by assignment.

      

      11.    BREACH
OF AGREEMENT

      

      11.1 
Any breach of provisions under this Agreement, or Pledgor fails to perform the
obligation of security in time, or the breach of contract pursuant to the
sub-clause 8.1 shall deem as breach of agreement by Pledgor. Pledge may notify
the Pledgor in writing to ask for correction and take actions to eliminate the
consequence and indemnify Pledgee for its breach pursuant to specifications
under this Agreement.

      

      11.2 
In the event of breach by Pledgor, the Pledgee may terminate the performance of
obligations hereunder temporarily by deliver a written notice to Pledgor in
consideration that the performance is impossible or unfair until the Pledgor
take the actions to eliminate the consequence and indemnify the costs arising in
connection with the breach.

      

      11.3 
Pursuant to this clause, Pledgee is entitle the right to claim Pledgor to be
compensated for all losses, including the direct economic losses, any reasonably
foreseeable indirect economic losses and related costs arising there from,
including but not limited to legal fees, litigation costs , arbitration fees and
travel expenses.

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      12.    TERMINATION

      

      This
Agreement shall be terminated upon the performance of the obligation of security
by Pledgor is completed, then Pledgee shall cancel or terminate this Agreement
as soon and reasonable as practicable. The Pledgor shall not terminate this
Agreement in any reason by any way without the consent of the
Pledgee.

      

      13.    COMMISSION
AND OTHER FEES

      

      13.1 Any
and all costs and actual expenses incurred in connection with this Agreement,
including, without limitation, any legal fees, disbursements, stamp duties or
any other taxes and fees are undertaken by the Pledgor. The Pledgor shall
compensate the Pledgee for costs and expenses which was undertaken by the
Pledgee pursuant to the applicable laws.

      

      13.2  Pledgor
shall undertake any and all costs and expenses (including, without limitation,
taxes, commission charges, administration fees, legal fees, fees of attorney and
any insurance fees) in the event that Pledgor fail to pay any or all of taxes,
expenses or for any other reason that cause Pledgee have such
claim.

      

      14.    GOVERNING
LAW AND SETTLEMENT OF DISPUTES

      

      14.1 
The execution, effectiveness, performance, construction and settlement of
disputes shall be governed by the laws of the PRC.

      

      14.2 
In the event of any dispute with respect to or in connection with the
construction and performance of the provisions of this Agreement, the Parties
shall first negotiate in good faith to resolve the dispute. In the event the
Parties fail to reach an agreement on the resolution of such a dispute, any
Party may submit the relevant dispute to China International Economic and Trade
Arbitration Commission in Shijiazhuang for binding arbitration. The languages
used during arbitration shall be Chinese. The arbitration shall be final and
binding by both Parties.

      

      14.3   The
Parties shall in good faith in all other respects continue their implementation
of this Agreement except issues in dispute between the Parties.

      

      15.    NOTICES

      

      All the
notices or other communications given or made pursuant hereto shall be sent in
writing in Chinese and delivered to the address as specified below by personally
delivery, registered mail pre-paid post, courier or facsimile
transmission.

      

      
        
          
            	
                    Pledgee:

                  	
                    Hebei
      Chuang Lian Trade Co., Ltd.

                  
	
                    Address:

                  	
                    322
      East Zhongshan Road, Shijiazhuang

                  
	
                    Facsimile:

                  	
                    0311-83819636

                  
	
                    Telephone:

                  	
                    0311-83827688

                  

          

        

      

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      

      
        
          
            	
                    Attention:

                  	
                    Zhang
      Zhongwen

                  
	 
      	 
      
	
                    Pledgor:

                  	
                    Hebei
      Shijie Kaiyuan Logistics Co., Ltd.

                  
	
                    Address:

                  	
                    322
      East Zhongshan Road, Shijiazhuang

                  
	
                    Facsimile:

                  	
                    0311-83821689

                  
	
                    Telephone:

                  	
                    0311-83821689

                  
	
                    Attention:

                  	
                    Peng
      Jinyu

                  

          

        

      

      

      16.    SCHEDULES
AND ANNEXES

      

      All
schedules are an integral part of this Agreement.

      

      17.    WAIVER

      

      No delay
or omission by Pledgee in exercising the right, remedy, power or privilege by
this Agreement shall be deemed as a waiver of such right, remedy, power or
privilege. The single or partial exercise of any right, remedy, power or
privilege shall not preclude any exercise of any other right, remedy, power or
privilege. The right, remedy, power or privilege under this Agreement is
cumulative and are not exclusive of any right, remedy, power or privilege
provided by laws.

      

      18.    MISCELLANEOUS

      

      18.1 
No amendment, supplementary or modification of this Agreement shall occur except
in writing. The amendment agreement and supplementary agreement that have been
signed and sealed by the Parties shall have the same validity as this
Agreement.

      

      18.2 
In the event that any provision of this Agreement is determined to be invalid or
unenforceable in any respect in accordance with the applicable laws, the
validity or enforceability of the remaining provisions of this Agreement shall
not be affected.

      

      18.3 
This Agreement is signed in quadruplicate originals, with each of equally
binding force.

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      [REMAINEDROF
PAGE INTENIONALLY LEFT BLANK]

      

      [SIGNATURE
PAGE]

      

      PLEDGEE:
Hebei Chuang Lian Trade Co.,
Ltd.(SEAL)

      

      AUTHORIZED
PERSON:(SIGNATURE ):

      

      PLEDGOR:
Hebei Shijie Kaiyuan Logistics
Co., Ltd.(SEAL)

      

      AUTHORIZED
PERSON:(SIGNATURE ):

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

      SCHEDULE

      

      THE
AMOUNT OF CAPITAL AND PERCENTAGE OF OWNERSHIP HOLD BY PLEDGOR

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

      SCHEDULE

      THE
AMOUNT OF CAPITAL AND PERCENTAGE OF OWNERSHIP HOLD BY PLEDGOR

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        NO.

                                      	 	
                                        Transportation Company

                                      	 	
                                        Capital (RMB 0000’)

                                      	 	
                                        Equity

                                        Percentage

                                      	 	
                                        Note

                                      
	
                                        1

                                      	 	
                                        Yuanshi
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        2

                                      	 	
                                        Gaoyi
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        3

                                      	 	
                                        Xingtan
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        4

                                      	 	
                                        Pingshan
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        5

                                      	 	
                                        Zanhuang
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        6

                                      	 	
                                        Jingxing
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        7

                                      	 	
                                        Quyang
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        8

                                      	 	
                                        Zhengding
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        9

                                      	 	
                                        Gaocheng
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        10

                                      	 	
                                        Xinji
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        11

                                      	 	
                                        Jinzhou
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        12

                                      	 	
                                        Shexian
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        13

                                      	 	
                                        Fuping
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        14

                                      	 	
                                        Hejian
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        15

                                      	 	
                                        Weixian
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        16

                                      	 	
                                        Shenzhou
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        17

                                      	 	
                                        Rongcheng
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        18

                                      	 	
                                        Sanhe
      Shijie Kaiyuan Transportation Service  Co.,
      Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        19

                                      	 	
                                        Huanghua
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        20

                                      	 	
                                        Shahe
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        21

                                      	 	
                                        Jizhou
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        22

                                      	 	
                                        Bazhou
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        23

                                      	 	
                                        Pingding
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        24

                                      	 	
                                        Pingding
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        25

                                      	 	
                                        Guantao
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      
	
                                        26

                                      	 	
                                        Longyao
      Kaiyuan Transportation Service Co., Ltd.

                                      	 	
                                        50

                                      	 	
                                        100%

                                      	 	 
      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

      

      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  27

                                	 	
                                  Hunyuan
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	

                                  28

                                	 	

                                  Huailai
      Kaiyuan Transportation Service Co., Ltd.

                                	 	

                                  50

                                	 	

                                  100%

                                	 	 
	
                                  29

                                	 	
                                  Gaobeidian
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  30

                                	 	
                                  Wu’an
      Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  31

                                	 	
                                  Shouyang
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  32

                                	 	
                                  Yangquan
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  33

                                	 	
                                  Yuxian
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  34

                                	 	
                                  Qingxian
      Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  35

                                	 	
                                  Anguo
      Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  36

                                	 	
                                  Qingxu
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  37

                                	 	
                                  Yangyuan
      Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  38

                                	 	
                                  Yuxian
      Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  39

                                	 	
                                  Datong
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  40

                                	 	
                                  Nanhe
      Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  41

                                	 	
                                  Jinzhong
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  42

                                	 	
                                  Tianjin
      Beichen Xuyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  43

                                	 	
                                  Fucheneg
      Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  44

                                	 	
                                  Qixian
      Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  45

                                	 	
                                  Zhangjiakou
      Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  46

                                	 	
                                  QianAn
      Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  47

                                	 	
                                  Tangshan
      Fengrun Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      
	
                                  48

                                	 	
                                  Zunhua
      Kaiyuan Transportation Service Co., Ltd.

                                	 	
                                  50

                                	 	
                                  100%

                                	 	 
      

                        

                      

                    

                  

                

              

            

          

        

      

      
        
           

        

        
          14OPTION
AGREEMENT

      

      This
Option Agreement (hereinafter “Agreement”) is made on the 26th day of
November, 2008, at Shijiazhuang, the People’s Republic of China (the “PRC”) by
and among the following parties:

      

      Hebei
Chuang Lian Trade Co., Ltd. ( “Party A”)

      Registered
Address: 322 East Zhongshan Road , Shijiazhuang

      Legal
representative: Zhang Zhongwen

      

      Hebei
Shijie Kaiyuan Logistics Co., Ltd. (“Party B”)

      Registered
Address: 322 East Zhongshan Road, Shijiazhuang

      Legal
representative: Peng Jinyu

      

      WHEREAS:

      

      
        1. 
Party A,
a wholly foreign owned enterprise organized and existing under the laws of
PRC.

      

      

      2.  Party
B, a limited liability company registered and existing under the laws of PRC,
hold the equity interests of 【48】 Transportation
Companies 【in
the jurisdiction of china】. (“the
Transportation Companies”) (the amount of
capital and percentage of ownership hold by Pledgor in Transportation Companies
set forth in schedule hereto).

      

      
        
          	
                  1.

                	
                  THE
      OPTIONS GRANTED

                

        

      

      

      
        
          	
                	
                  1.1

                	
                  GRANT

                

        

      

      

      Grantor
agrees to voluntarily, unconditionally, irrevocably and exclusively grant Party
A the option under the PRC laws and the terms and conditions provide in this
Agreement, the Party A or any third party designated by Party A is entitled to
purchase all or part of the share at the lower of the lowest price permitted by
the PRC laws at the time of exercise of Option and the audited net asset value
of Transportation Companies.

      

      
        
          	
                	
                  1.2

                	
                  TERMS

                

        

      

      

      This
Agreement shall be valid from the date of execution until (i) the Accomplished
Date defined in Clause 2.5 as below or (ii) the obligations hereunder have been
performed, which is later. Party B shall not terminate this Agreement early in
any reason.

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      

      
        
          	
                  2.

                	
                  EXERCISE
      OF OPTION AND CLOSING

                

        

      

      

      
        
          	
                	
                  2.1

                	
                  TIME
      OF EXERCISE

                

        

      

      

      
        	
                 
      

              	
                2.1.1

              	
                The
      Grantor agrees, Party A may exercise any or all option under this
      Agreement at any time of the expiration unless otherwise specified by the
      PRC laws.

              

      

      

      
        	
                 
      

              	
                2.1.2

              	
                The
      Grantor agrees, Party A have no limitation in the number of exercise
      unless have acquired all the equity interests of Transportation
      Companies.

              

      

      

      
        	
                 
      

              	
                2.1.3

              	
                The
      Grantor agrees, Party A may designate a third Party as its representative
      to exercise any or all portion of the options subject to notify the
      Grantor prior in writing.

              

      

      

      
        
          	
                	
                  2.2

                	
                  THE
      USE OF FUND

                

        

      

      

      Grantors
hereby agree to provide all the interests in connection with the exercise of
Option by Party A or any third party designated by Party A to Transportation
Companies in an appropriate manner.

      

      
        
          	
                	
                  2.3

                	
                  ASSIGNMENT

                

        

      

      

      Grantors
agree that the Party A may assign or transfer all or any of the Option under
this Agreement to any third party. Any such third party shall be deemed as one
Party of this Agreement and have all of Party A’s rights and
obligations.

      

      
        
          	
                	
                  2.4

                	
                  NOTICES
      OF EXECISE THE OPTION

                

        

      

      

      In the
event that Party A wishes to exercise the Option, it shall send to the Grant a
written notice not later than 10 business days from the Notice Date for the
closing of such purchase (an  “Option Closing Date” as defined below).
The Notice shall specify the terms as below:

      

      
        
          	
                	
                  2.4.1

                	
                  The
      date as of the consummation of the approval of the equity transfers (if
      required by law) and applies for registration in the AIC formally.
      (hereinafter “Option Closing
Date”)

                

        

      

      

      
        
          	
                	
                  2.4.2

                	
                  The
      name of the shareholder after the closing
date;

                

        

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      

      
        
          	
                	
                  2.4.3

                	
                  The
      amount of equity interest purchased from the
  Grantor;

                

        

      

      

      
        	
              	
                
                  2.4.4

                

              	
                
                  Payment
      method;

                

              

      

      

      
        	
              	
                
                  2.4.5

                

              	
                
                  Power
      of Attorney (if authorized the third party to exercise the rights)
      .

                

              

      

      

      Both
Parties agree that, Party A shall designate the third party and on the name of
the third party to exercise the options and register the equity interests.
Grantor agrees that he will sign the Share Transfer Agreements prepared by Party
A or the third party designated by Party A within 5 business days after the
acceptance of the Notice for Exercise provide Party A or the third party
designated by Party A on demand.

      

      
        
          	
                	
                  2.5

                	
                  CLOSING

                

        

      

      

      
        
          	
                	
                  2.5.1

                	
                  Grantor
      shall urge Transportation Companies to accomplish the approval of
      assignment by the authorized governmental institutions hereunder under the
      applicable law of PRC (if
any).

                

        

      

      

      
        	
              	
                
                  2.5.2

                

              	
                
                  Grantor
      shall cause Transportation Companies to accomplish the register procedure
      promptly in the AIC under the applicable laws of the
      PRC.

                

              

      

      

      
        	
              	
                
                  2.5.3

                

              	
                
                  Party
      A or the third party designated by Party A shall pay the Grantors with the
      price provided in the Clause 1.1 at the closing
  day.

                

              

      

      

      
        	
              	
                
                  2.5.4

                

              	
                
                  Grantors
      shall render the Transportation Companies necessary and timely assistance
      according to the applicable laws of the PRC to consummate the approval
      procedures (if required by law) in authorized government entity and to
      consummate the equity transfer procedure in the AIC. Such date is the date
      of consummation of the Option. (hereinafter “Accomplished
      Date”)

                

              

      

      

      
        	
              	
                2.6

              	
                ACCOMPLISHED
      DATE

              

      

      

      Party A
or the designated third party shall become the legal owner of the equity
interests after the consummated date pursuant to the Articles of Association and
applicable laws of the PRC.

      

      
        
          	
                  3.

                	
                  REPRESENTATIONS
      AND WARRANTIES

                

        

      

      

      
        
          	
                	
                  3.1

                	
                  Except
      as disclosed, Grantor hereby represents and warrants as
    below:

                

        

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      

      
        
          	
                	
                  3.1.1

                	
                  Grantor
      has full and complete right and authority to execute and perform this
      Agreement;

                

        

      

      

      
        	
              	
                
                  3.1.2

                

              	
                
                  Grantor
      have performed the contributing obligation of shareholders in
      Transportation Companies and owned the lawful and complete title of the
      shares under the applicable law of the PRC and the Articles of Association
      and bylaws of Transportation
Companies.

                

              

      

      

      
        	
              	
                
                  3.1.3

                

              	
                
                  The
      performance of this Agreement or obligation hereunder have no violation of
      the binding laws, regulations and other agreements, and have no necessary
      approval or authority required by the competent governmental
      entity.

                

              

      

      

      
        	
              	
                
                  3.1.4

                

              	
                
                  There
      are no pending and threatened litigations, arbitrations or any other
      judicial or administrative proceedings which will materially impact the
      performance of this
Agreement.

                

              

      

      

      
        	
              	
                
                  3.1.5

                

              	
                
                  No
      pledge, indebtedness or any other encumbrances on the equity interest of
      Transportation Companies, and no assignment, donate, pledge or any other
      manner to dispose of the equity interest to any third
      party;

                

              

      

      

      
        	
              	
                
                  3.1.6

                

              	
                
                  These
      equity interests of Transportation Companies hold by Grantor are free from
      any pledge, indebtedness or any other encumbrances of the third
      party.

                

              

      

      

      
        	
              	
                
                  3.1.7

                

              	
                
                  The
      Option granted to Party A or the persons designated by Party A must be
      exclusive, Grantor shall not grant any other party the option or any
      similar right in any manner;

                

              

      

      

      
        	
              	
                
                  3.1.8

                

              	
                
                  Transportation
      Companies are limited liability companies created and existing under the
      applicable laws of the PRC, and have obtained all necessary approvals,
      authorities and licenses for the operation of business now and in the
      future. Transportation Companies does not have any known or expected
      incident that may lead such approvals, authorities and licenses to be
      cancelled, removed or
suspended

                

              

      

      

      
        	
              	
                
                  3.1.9

                

              	
                
                  Grantor
      shall strive to urge the adoption of resolutions which approve Grantor to
      assign the equity interests to Party A or the third party designated by
      Party A during the term of exercise of option under the terms and
      conditions hereof by the shareholders’ meeting of Transportation
      Companies. Grantor also shall strive to cause any shareholders of
      Transportation Companies other than Grantor (if any) to agree the waiver
      of the right of first refusal in connection with the equity interests all
      or any which are attempted to
assign.

                

              

      

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      

      
        
          	
                  3.2

                	
                  CONVENANTS

                

        

      

      

      
        	
                 
      

              	
                3.2.1

              	
                During
      the terms of this Agreement, Grantor covenants to Party A or the third
      party designated by Party A, it will carry out all the necessary
      procedures which made the Party A or the third party designated by Party A
      the shareholder of Transportation Companies. The procedures included,
      without limitation, rendering Party A or the third party designated by
      Party A assistance to obtain necessary approvals from governmental
      entities and institutions, delivering Share
      Transfer Agreement to the related Administration for Industry and Commence
      (“AIC”) for the purpose of the amendments or modifications of the Articles
      of Association and bylaws, shareholders’ register or
      any other things concerned.

              

      

      

      
        	
                 
      

              	
                3.2.2

              	
                During
      the terms of this Agreement, he will not put the equity interests hold by
      Grantor under the circumstance of pledge, indebtedness or encumbrance for
      any third party, and he will not assign, donate, pledge or dispose of the
      equity interests hold by Grantor in any other manner to the third
      party.

              

      

      

      
        	
                 
      

              	
                3.2.3

              	
                During
      the terms of this Agreement, the equity interests hold by Grantor will not
      under the circumstance of pledge, indebtedness or encumbrance for the
      third party.

              

      

      

      
        	
                 
      

              	
                3.2.4

              	
                During
      the terms of this Agreement, the option granted by Grantor to Party A
      shall be exclusive; Grantor shall not grant any other party the option or
      any other right similar right.

              

      

      

      
        
          	
                  4.

                	
                  TAXES
      AND FEES

                

        

      

      

      Subject
to applicable laws, the taxes and fees shall be paid by Parties respectively in
the course of carrying out this Agreement.

      

      
        
          	
                  5.

                	
                  BREACH
      OF AGREEMENT

                

        

      

      

      
        	
                 
      

              	
                5.1

              	
                Any
      breach of the representations and warrants under this Agreement by any
      Party, given the written notices the other Party have the right to require
      the breaching Party to correct its conducts of breach or non-performance,
      and take good, promptly and effectively action to eliminate the
      consequences in connection with the breach and non-performance aforesaid,
      and cover the damages .

              

      

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      

      
        	
                 
      

              	
                5.2

              	
                The
      breaching Party shall be liable for any cost, liability or loss (include
      but not limited to the interests and attorney fees arising from the
      breach) provide that the breach of this Agreement by any Party. The
      aggregate amount of indemnification shall be equivalent to the loss
      incurred by the default; said remedies include the profits for performance
      which could reasonably have foreseen at the time of the conclusion of the
      Agreement.

              

      

      

      
        	
                 
      

              	
                5.3

              	
                In
      the event of breach by Party B, Party A or the third party designated by
      Party A may terminate the performance of obligations hereunder temporarily
      by deliver a written notice to Party B in consideration that the
      performance is impossible or unfair until the Party B take the actions to
      eliminate the consequence and indemnify the costs arising in connection
      with the breach.

              

      

      

      
        	
                 
      

              	
                5.4

              	
                Parties
      shall be liable respectively for the damages to the extent that incurred
      by themselves provide the breach of this Agreement by both
      Parties.

              

      

      

      
        
          	
                  6.

                	
                  GOVERNING
      LAW AND SETTLEMENT OF
DISPUTES

                

        

      

      

      
        
          	
                  
                  

                	
                  6.1

                	
                  GOVERNING
      LAW

                

        

      

      

      The
application, include, without limitation, execution, effectiveness, performance,
construction of this Agreement shall be governed by the laws of the
PRC.

      

      
        
          	
                  
                  

                	
                  6.2

                	
                  AMICABLE
      NEGOTIATION

                

        

      

      

      In the
event any dispute with respect to or in connection with the construction and
performance of this Agreement, the Parties shall first negotiate in good faith
or mediate through a third party to resolve the dispute. In the event the
Parties fail to resolve the dispute through the methods above-mentioned within
30 days after the any Party’s request for resolution of the dispute, any Party
shall submit the relevant dispute to arbitration.

      

      
        
          	
                  
                  

                	
                  6.3

                	
                  ARBITRATION

                

        

      

      

      The
dispute with respect to this Agreement shall submit to China International
Economic and Trade Arbitration Commission in Shijiazhuang for binding
arbitration. The languages used during arbitration shall be Chinese. The
arbitration shall be final and binding on Parties.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      
        
          	
                  7.

                	
                  CONFIDENTIALITY

                

        

      

      

      
        
          	
                	
                  7.1

                	
                  CONFIDENTIAL
      INFORMATION

                

        

      

      

      This
Agreement and schedules hereto is strictly confidential. No Party shall disclose
any information of this Agreement to any third party without the prior written
consent of both Parties. This term shall survive the termination of this
Agreement.

      

      
        
          	
                	
                  7.2

                	
                  EXCEPTION

                

        

      

      

      The
disclosure in accordance with the laws, adjudications, arbitral awards and the
decisions of governmental entity shall not be deemed as the non-compliance of
the clause 7.1.

      

      
        
          	
                  8.

                	
                  MISCELLANEOUS

                

        

      

      

      
        
          	
                	
                  8.1

                	
                  ENTIRE
      AGREEMENT

                

        

      

      

      This
Agreement constitutes the entire the subject matter between the Parties hereto,
and supersedes all prior discussions, negotiations and agreements. This
Agreement shall be altered by mutual consent in writing between Parties, the
schedules and exhibits referred to herein are incorporated in this Agreement and
constitute an integral part of this Agreement.

      

      
        
          	
                	
                  8.2

                	
                  AMENDMENTS
      AND SUPPLEMENTARY

                

        

      

      

      No
amendment, supplementary or modification of this Agreement shall occur except in
writing. The amend agreement and supplementary agreement that have been signed
and sealed by the Parties shall have the same validity as this
Agreement.

      

      
        
          	
                	
                  8.3

                	
                  SEVERABILITY

                

        

      

      

      In the
event that any provision of this Agreement is determined to be invalid or
unenforceable in any respect in accordance with the applicable laws, the
validity or enforceability of the remaining provisions of this Agreement shall
not be affected or compromised in any respect.

      

      
        
          	
                	
                  8.4

                	
                  WAIVER

                

        

      

      

      No delay
or omission by any Party in exercising the right, power or privilege hereunder
shall be deemed as a waiver of such right, power or privilege. The single or
partial exercise of any right, power or privilege shall not preclude any
exercise of any other right, power or privilege.

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      

      
        
          	
                	
                  8.5

                	
                  NOTICE

                

        

      

      

      
        
          	
                	
                  8.5.1

                	
                  All
      the notices sent by parties for the rights and obligations performance
      given under this Agreement shall be sent in writing and delivered to the
      address as specified below by the way of personally delivery, registered
      mail, prepaid post, courier or facsimile
  transmission.

                

        

      

      

      Party
A:   Hebei Chuang Lian Trade Co., Ltd.

      Address:  322
East Zhongshan Road , Shijiazhuang

      Facsimile:
0311-83819636

      Telephone:
0311-83827688

      Attention:  Zhang
Zhongwen

      

      Party
B:   Hebei Shijie Kaiyuan Logistics Co., Ltd.

      Address:   
322 East Zhongshan Road , Shijiazhuang

      Facsimile:  0311-83821689

      Telephone:  0311-83821689

      Attention:  
Peng Jinyu

      

      
        
          	
                	
                  8.5.2

                	
                  Notices
      shall be deemed to have been
received:

                

        

      

      

      
        
          	
                	
                  8.5.2.1

                	
                  Upon
      confirmed transmission if sent by fax, provide the fax sent later than
      17:00 or sent not in business day, upon the next successive business
      day;

                

        

      

      

      
        	
              	
                
                  8.5.2.2

                

              	
                
                  Upon
      signature date if delivered by hand (include
  courier)

                

              

      

      

      
        	
              	
                
                  8.5.2.3

                

              	
                
                  Upon
      15 days after the date of confirmation of the return receipt if delivered
      by registered mail.

                

              

      

      

      
        	
              	
                
                  8.5.3

                

              	
                
                  BINDING

                

              

      

      

      This
Agreement is binding for both Parties.

      

      
        
          	
                	
                  8.6

                	
                  LANGUAGE

                

        

      

      

      This
Agreement signed in quadruplicate originals, with each of equally binding
force.

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      

      
        
          	
                	
                  8.7

                	
                  DAY
      AND BUSINESS DAY

                

        

      

      

      References
to “day” mean the calendar day, “business day” means the date from Monday to
Friday.

      

      
        
          	
                	
                  8.8

                	
                  HEADINGS

                

        

      

      

      The
headings in this Agreement are for convenience only and shall not affect the
construction of the Agreement.

      

      
        
          	
                	
                  8.9

                	
                  UNSPECIFIED
      EVENT

                

        

      

      

      The event
which is not specified in this Agreement shall be negotiated by both Parties
under the law of the PRC.

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      

      [SIGNATURE
PAGE]

      

      
        Party
A: Hebei Chuang Lian Trade Co., Ltd.(seal)

      

      

      
        Authorized
Representative(signature):

      

      

      
        Party
B: Hebei Shijie Kaiyuan Logistics Co., Ltd.(seal)

      

      

      
        Authorized
Representative(signature):

      

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      

      SCHEDULE

      THE
AMOUNT OF CAPITAL AND PERCENTAGE OF OWNERSHIP HOLD BY

      PLEDGOR

      
        
          
            
              
                
                  
                    
                       

                    

                  

                

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          	
                                  NO.

                                	 
      	
                                  Transportation
      Company

                                	 
      	
                                  Capital (RMB 0000’)

                                	 
      	
                                  Equity 

                                  Percentage

                                	 
      	
                                  Note

                                
	
                                  1

                                	 
      	
                                  Yuanshi
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  2

                                	 
      	
                                  Gaoyi
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  3

                                	 
      	
                                  Xingtan
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  4

                                	 
      	
                                  Pingshan
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  5

                                	 
      	
                                  Zanhuang
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  6

                                	 
      	
                                  Jingxing
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  7

                                	 
      	
                                  Quyang
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  8

                                	 
      	
                                  Zhengding
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  9

                                	 
      	
                                  Gaocheng
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  10

                                	 
      	
                                  Xinji
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  11

                                	 
      	
                                  Jinzhou
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  12

                                	 
      	
                                  Shexian
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  13

                                	 
      	
                                  Fuping
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  14

                                	 
      	
                                  Hejian
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  15

                                	 
      	
                                  Weixian
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  16

                                	 
      	
                                  Shenzhou
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  17

                                	 
      	
                                  Rongcheng
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  18

                                	 
      	
                                  Sanhe
      Shijie Kaiyuan Transportation Service Co.,
      Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  19

                                	 
      	
                                  Huanghua
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  20

                                	 
      	
                                  Shahe
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  21

                                	 
      	
                                  Jizhou
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  22

                                	 
      	
                                  Bazhou
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  23

                                	 
      	
                                  Pingding
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  24

                                	 
      	
                                  Pingding
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  25

                                	 
      	
                                  Guantao
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  26

                                	 
      	
                                  Longyao
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  27

                                	 
      	
                                  Hunyuan
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  28

                                	 
      	
                                  Huailai
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  29

                                	 
      	
                                  Gaobeidian
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  30

                                	 
      	
                                  Wu’an
      Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      
	
                                  31

                                	 
      	
                                  Shouyang
      Shijie Kaiyuan Transportation Service Co., Ltd.

                                	 
      	
                                  50

                                	 
      	
                                  100%

                                	 
      	 
      

                        

                      

                    

                  

                

              

            

          

        

      

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

       

      
        
          	
                  32

                	 
      	
                  Yangquan
      Shijie Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  33

                	 
      	
                  Yuxian
      Shijie Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  34

                	 
      	
                  Qingxian
      Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  35

                	 
      	
                  Anguo
      Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  36

                	 
      	
                  Qingxu
      Shijie Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  37

                	 
      	
                  Yangyuan
      Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  38

                	 
      	
                  Yuxian
      Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  39

                	 
      	
                  Datong
      Shijie Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      

        

      

      
        
          	
                  40

                	 
      	
                  Nanhe
      Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  41

                	 
      	
                  Jinzhong
      Shijie Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  42

                	 
      	
                  Tianjin
      Beichen Xuyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  43

                	 
      	
                  Fucheneg
      Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  44

                	 
      	
                  Qixian
      Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  45

                	 
      	
                  Zhangjiakou
      Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  46

                	 
      	
                  QianAn
      Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  47

                	 
      	
                  Tangshan
      Fengrun Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      
	
                  48

                	 
      	
                  Zunhua
      Kaiyuan Transportation Service Co., Ltd.

                	 
      	
                  50

                	 
      	
                  100%

                	 
      	 
      

        

      

      
        
           

        

        
          12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}]]