Profile of the Subsidiary Company

Dalian F.T.Z. Mingyang Trade Co., Ltd.

     Dalian F.T.Z. Mingyang Trade Co., Ltd, into which Dalian Qihua Chemicals Co., Ltd invested 500,000 USD, is a trade company, integrated with transport, storage and cleanout of chemical bulk pails. With a total field of 110,000m 2 , it is adjacent to Dayaowan 300,000-Ton Ore Dock and has its own railway line, from which it can enjoy traffic convenience and have the qualification to transfer dangerous goods.