Document:

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                                                                   EXHIBIT 10.25

            (English Translation of the Original Contract in Chinese)

                            PRODUCT PURCHASE CONTRACT

                                                      Contract Number: 2005-006

The Buyer: Jiangsu Linyang Solarfun Co., Ltd.
The Seller: Huaerli (Nantong) Electronics Co., Ltd.

Article 1     Name of Products, Specifications, Quantity and Price:

<TABLE>
<CAPTION>
                                                                   UNIT PRICE
NAME OF PRODUCTS    SPECIFICATIONS   MEASURING UNIT    QUANTITY       (RMB)      TOTAL PRICE
----------------    --------------  ----------------   --------    ----------   --------------
<S>                 <C>             <C>                <C>         <C>          <C>
Silicon rod           6 inches      KG                  10,000      1,420.00    14,200,000.00

                    Total Price     RMB14,200,000.00
</TABLE>

Article 2.    Quality Requirements and Technical Standards: National standard.

Article 3.    Time of Delivery: Before August 31, 2005.

Article 4.    Place of Delivery: In the premise of Jiangsu Linyang Solarfun
              Co., Ltd.

Article 5.    Manner and Cost of Transportation: The Seller shall be
              responsible for the delivery to places designated by the Buyer
              and bear the cost.

Article 6.    Manner and Terms of Payment: Payment shall be paid up before
              August 31, 2005.

Article 7.    Standard of Inspection and Raise of Objection: In compliance with
              national standard of relevant products.

Article 8.    Miscellaneous:

              1. Dispute Resolution: Any dispute in connection with the
              performance of this Contract shall be settled through
              negotiations between the parties hereto.

              2. Matters which are not specified herein shall be resolved
              through negotiations between the parties hereto.

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              3. This Contract shall take effect as of the date it is
              signed. This Contract shall be executed in two originals, with
              each party to hold one.

              4. The unit price set forth above includes a 17% VAT, and the
              Seller shall issue a legal VAT invoice for each payment.

Buyer (seal): Jiangsu Linyang           Seller (seal): Huaerli (Nantong)
Solarfun Co., Ltd.                      Electronics Co., Ltd.

Representative: (signature)             Representative: (signature)

Tel: 0513-3118888
Fax: 0513-3307011                       Tel: 0513-3318329
Date: May 15, 2005                      Fax: 0513-3118329
                                        Date: May 15, 2005

                                        2<PAGE>

                                                                  EXHIBIT 10.26

            (English Translation of the Original Contract in Chinese)

                            PRODUCT PURCHASE CONTRACT

                                                      Contract Number: 2006-001

The Buyer: Jiangsu Linyang Solarfun Co., Ltd.
The Seller: Huaerli (Nantong) Electronics Co., Ltd.

Article 1    Name of Products, Specifications, Quantity and Price:

<TABLE>
<CAPTION>
                                                                     UNIT PRICE
                                                                       (RMB
NAME OF PRODUCTS     SPECIFICATIONS     MEASURING UNIT    QUANTITY  YUAN/PIECE)   TOTAL PRICE
----------------     --------------   -----------------   --------  -----------  -------------
<S>                  <C>              <C>                 <C>       <C>          <C>
Silicon wafer                         Piece                30,000       45.00     1,350,000.00

Silicon rod                           Ton                       4    1,700.00     6,800,000.00

Silicon rod                           Ton                       2    1,780.00     3,560,000.00

Silicon wafer                         Piece                45,918       45.00     2,066,310.00

Silicon material                      KG                      500      400.00       200,000.00

Silicon wafer                         Piece                10,000       30.00       300,000.00

Silicon rod                           Ton                       2    2,000.00     4,000,000.00

                     Total Price      RMB18,276,310.00
</TABLE>

Article 2.   Quality Requirements and Technical Standards: national standard.

Article 3.   Time of Delivery: as specified in delivery request.

Article 4.   Place of Delivery: 666 Linyang Road, Qidong, Jiangsu Province.

Article 5.   Manner and Cost of Transportation: The Seller shall be responsible
             for the delivery to places designated by the Buyer and bear the
             cost.

Article 6.   Manner and Terms of Payment: Payment shall be paid up before June
             31, 2006.

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Article 7.   Standard of Inspection and Raise of Objection: in compliance with
             national standard of relevant products.

Article 8.   Miscellaneous:

            (a) Dispute Resolution: Any dispute in connection with the
      performance of this Contract shall be settled through negotiations
      between the parties hereto.

            (b) Matters which are not specified herein shall be resolved
      through mutual negotiation between the parties hereto.

            (c) This Contract shall take effect as of the date on which it is
      signed. This Contract shall be executed in two originals, with each party
      holding one.

            (d) The unit price set forth above includes a 17% VAT, and the
      Seller shall issue legal VAT invoice for each payment.

Buyer (seal): Jiangsu Linyang               Seller (seal): Huaerli (Nantong)
Solarfun Co., Ltd.                          Electronics Co., Ltd.

Representative: (signature)                 Representative: (signature)

Tel: 0513-3118888                           Tel: 0513-3318329
Fax: 0513-3310816                           Fax: 0513-3110329
Date: January 12, 2006                      Date: January 12, 2006

                                        4<PAGE>

                                                                  EXHIBIT 10.27

            (English Translation of the Original Contract in Chinese)

                             PRODUCT SUPPLY CONTRACT

                                                 Contract Number: SF-HRL-060702
                                                 Place of Signing: Qidong
                                                 Date of Signing: July 2, 2006

The Seller: Huaerli (Nantong) Electronics Co., Ltd.
The Buyer: Jiangsu Linyang Solarfun Co., Ltd.

This Contract is entered into by and between the Buyer and the Seller after
friendly negotiations, whereby the Seller agrees to supply silicon wafers to the
Buyer as follows.

Article 1         Name of Products, Technical Specifications, Quantity, Price
                  and Delivery Schedule:

<TABLE>
<CAPTION>
                                                                                             UNIT PRICE
                                                                      MEASURING             INCLUDING TAX    DELIVERY
NAME OF PRODUCTS              TECHNICAL SPECIFICATIONS                  UNIT     QUANTITY  (RMB YUAN/PIECE)  SCHEDULE
----------------        --------------------------------------------  ---------  --------  ----------------  --------
<S>                     <C>                                           <C>        <C>       <C>               <C>
Monocrystalline         1. Type:  Type P                              piece       130,000       55.00
Silicon Wafer
                        2. Width of silicon wafers: 125+/-0.5mm

                        3. Diameter of silicon wafers: 150+/-0.5mm

                        4. Thickness of silicon wafers: 240+/-30(mu)m

                        5. Resistivity: 0.5 ~ 3 (omega) cm, 3 ~6 (omega) cm

                        6. Minority carrier lifetime: > or = 8 (mu)s

                        7. Surface damage: <15 (mu)m

                        8. Cutting mode: multi-thread cutting

                        9. Crystal orientation: (100)+/-1 degrees

                        10. TTV < or = 30 (mu)m

                        11. Vertical angle: 90 degrees+/-0.3 degrees

                        12. Degree of curvature: < or = 0.035mm

                        13. Oxygen concentration: < 1x10(18)at/cm(3)

                        14. Carbon concentration: < 5x10(16)at/cm(3)

                        15. Dislocation Density: < or = 3x10(3)/cm(2)

                        16. Notch: notch of crystal orientation
                        shall be no bigger than 1x0.3mm, and
                        there shall be no more than one notch on
                        each wafer.

                        15. Broken edge: broken edge of wafers
                        shall be no bigger than 1x0.5 mm, and
                        there shall be no more than one on each
                        wafer.

                        16. No stain and abnormal spot on surface.
                        No curve under naked eyes.

                      Total Price                                     RMB7,150,000.00
</TABLE>

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Article 2.   Quality Requirements and Technical Standards: as set forth above
             in this Contract.

Article 3.   Place and Manner of Delivery: The products shall be delivered to
             the warehouse of the Buyer.

Article 4.   Manner and Cost of Transportation: The Seller shall be responsible
             for delivery and bear the cost.

Article 5.   Packaging Standard and Category of Packaging Material: Suitable
             for long-distance transportation of solar-grade monocrystalline
             silicon wafers.

Article 6.   Standard and Manner of Inspection and Period for Objection: Within
             7 days as of receipt of the silicon wafers in the warehouse of the
             Buyer, the Buyer shall conduct full inspection of such silicon
             wafers pursuant to the technical requirements set forth herein
             before warehousing.  Silicon wafers shall be deemed defective if
             they are not in conformity with the technical requirements set
             forth herein, and the Seller shall remedy the defect by one-to-one
             replacement within 7 days.  If the Buyer discovers during the
             inspection that the quantity of any silicon wafers delivered is
             lower than the contract stipulated quantity, the Seller shall make
             up such shortfall within 7 days.

Article 7.   Manner and Terms of Payment: The Seller shall deliver goods
             following receipt of payment, and the Seller shall issue VAT
             invoice of the amount of 17% the total price of each batch.

Article 8.   Effectiveness of the Contract: This Contract shall take
             effect upon execution and terminate when all the obligations
             under this Contract have been performed.

Article 9.   Liabilities for Breach of Contract: (1) If there is delay
             of payment by the Buyer, then this Contract shall be
             terminated. (2) If either party fails to perform any of its
             obligations under this Contract, the breaching party shall pay
             the non-breaching party liquidated damages equal to 1% of the
             total amount of the Contract and this Contract shall continue
             in effect. (3) If this Contract is rendered unable to be
             performed due to a breach by either party hereto, the
             breaching party shall be liable under the Contract Law of the
             People's Republic of China.

Article 10.  Any dispute in connection with the performance of this
             Contract shall be settled through negotiations between the
             parties hereto. If no settlement can be reached, the dispute
             shall be submitted for arbitration to the arbitration
             commission in the place where this Contract is signed.

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Article 11.  Miscellaneous: This Contract shall become effective after being
             signed by and affixed with company seals of the parties hereto.
             This Contract shall be executed in two originals, with each party
             to hold one.  This Contract can be signed by fax.

                The Seller                               The Buyer
Name of the Company (seal):                 Name of the Company (seal):
HUAERLI (NANTONG) ELECTRONICS CO., LTD.     JIANGSU LINYANG SOLARFUN CO., LTD.

Address:                                    Address: 666 Linyang Road, Qidong,
                                            Jiangsu Province

Legal Representative:                       Legal Representative:
Authorized Agent:                           Authorized Agent:

Tel:                                        Tel: 0513-83135089
Fax:                                        Fax: 0513-83307011

Bank Name:                                  Bank Name: Bank of China, Qidong
Account No.:                                Branch, Business Department
Tax No.:                                    Account No.: 647032159808091001
Code:                                       Tax No.: 320681765140726
                                            Zip Code: 226200

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