Company	Sector	Year
Beijing Kailan Aviation Technology Co. Ltd.	Manufacturing	2007
Jiangsu Bang Bang Silky Fashion Manufacturer Co. Ltd.	Manufacturing

Beijing Kailan Aviation Technology Co. Ltd.

Company:	Beijing Kailan Aviation Technology Co. Ltd.
Industry:	Supply and manufacture aviation products
Sector:	Manufacturing
Investment period:	Current
Initial investment date:	2007
Country/Region:	China

The principal activities of Beijing Kailan Aviation Technology Co. Ltd. (Beijing Kailan) include the supply and manufacture of aviation products such as tires and fire extinguishers and the provision of aviation maintenance, consultation and pilot training.

Beijing Kailan enjoys enormous support from various government and quasi-government departments in mainland China. The Civil Aviation Administration of China authorized its establishment back in April 1993. Built on this strong foundation, in June 2003, a comprehensive joint-venture restructuring for Beijing Kailan was carried out by the China Aviation Supplies Import and Export Group (CASGC) and Centre of Aviation Safety Technology (CAST). CASGC made Beijing Kailan a subsidiary of the group, and CAST provides the company with the necessary support and experience in the aviation industry. As a non-profit making research institute approved by the Ministry of Science and Technology, and a direct corporate unit of the Aviation Administration of China, CASGC will hold 79.98% of the shares upon completion of the transaction. As a state-owned corporation and state-owned institute in China, CASGC and CAST are capable of facilitating a large-scale business expansion at Beijing Kailan with a significant increase in registered capital. After the restructuring, Beijing Kailan is able to take advantage of the business connections and personal network of the two government organizations, which play a significant role in doing business in China. Based on its strengths, Beijing Kailan has been making strenuous yet rewarding efforts towards business expansion of its aviation service and aviation maintenance markets.

We are proud to state that we will hold 20.02% of the shares of Beijing Kailan upon the completion of its restructuring, while CASGC holds the remaining 79.98%. It is expected that further merger and acquisitions involving other Chinese aviation companies will be carried out in order to build a more consolidated platform of one-step service in the industry. We all share the vision of Beijing Kailan becoming the chief aviation firm in Greater China, specializing in aviation equipment production and maintenance. Beijing Kailan is also expanding in areas including aviation investment, supplies, technology research and aviation law consultant service.

For more information, visit www.casc.com.cn

Jiangsu Bang Bang Silky Fashion Manufacturer Co. Ltd.

Company:	Jiangsu Bang Bang Silky Fashion Manufacturer Co. Ltd.
Industry:	Textiles & Clothing
Sector:	Manufacturing
Investment period:	Current
Turnover:	HKD 27.7 million (as of 31 December 2007)
Country/Region:	China

In the manufacturing sector, we must not overlook the huge textile & clothing market in China. China is one of the few Asian countries that offers quality textile production at a competitive cost. This leading edge attracts many world fashion chains to set up their production base and factories in China. Among the many fashion manufacturers in China, Jiangsu Bang Bang Silky Fashion Manufacturer Co. Ltd. (Jiangsu Bang Bang) has a promising future for its scale of production and clear focus on producing high quality garments which best suit the booming China market.

Established in August 1994, Jiangsu Bang Bang started with a total investment of US$6 million, while the registered capital amounted to US$3.94 million. Jiangsu Bang Bang annually produces 8 million pieces of medium and top grade pure cotton combed knitting garments for the adult and infant garment markets. The production focus is on knitting grey fabric, dyeing, fabric and cotton. Jiangsu Bang Bang adopts a conscientious practice and attitude towards quality control. It implements a needle inspection system for all of its products, which are ISO 9002 certified.

To strive for quality reassurance in order to better cater for the vibrant consumption market, Jiangsu Bang Bang has invested in and imported advanced equipment from Japan, Italy, Taiwan and Hong Kong. It has an aggressive expansion plan of securing business opportunities from overseas traders.