PROJECT OVERVIEW

Name of Project

Buying state owned shares of Shanghai Lan Shen Co., Ltd.

Estimate Total Investment(USD)

24% share of Shanghai Lan Shen Co., Ltd. , that is 67302.8 thousand share in total

Cooperation Method

Contribution Form

Cash, brand, know-how and sales network

Products Name & Characteristics

24% share of Shanghai Lan Shen Co., Ltd. , that is 67302.8 thousand share in total

Marker Forecast (including export prospects)

Raw Material & Equipment Source

Others(Does it belong to the restricted project? Does it have three-waste issue?)

Annual Sales Revenue:Achieve annual revenue of 207 million USD (equal to 1.719 RMB)
Ownership:822 million RMB (September 2002)
Net Assets per Share:2.93 RMB (September 2002)

CHINESE PARTNER INTRODUCTION

Name of Company

Shanghai Lan Sheng Co., Ltd.

Address

32 floor 8 Huai Hai Road (M), Shanghai

Contact Person

Ms. Yanping Jin or Mr. Zhu Zhang

Telephone

0086-21-63190680 0086-21-65446501

Fax

0086-21-63190432 0086-21-65446501

email

url

Background of Company

Shanghai Lan Sheng Co., Ltd is a state owned listed company. It was listed on Feb. 4 1994 on Shanghai Stock exchange. Stock Code is 600826.Lan Sheng owns 50 company in trade industry, covering 134 countries and regions. It also has investment in securities, manufacturing and medical industry.

Total Assets(USD)

Business Scope

Import & export trade and agency, transitional trade, Sino-foreign cooperation, trade consulting, domestic commerce, warehousing.

Products & Brand

The exporting products includes: shoes, bags, traveling goods, stationery, sports products, musical instrument, clothes, hats and light textiles.Major brand: Forward (shoes), Pioneer (sports products), Greatwall (stationery), Mary(Student’s products), Snow (Tissue), Nieer (piano), Kofa (Stationery)

Major Market

International: USA, Japan, Germany, UK, Italy, HK etc.Domestic: Shanghai and six provinces in the east of China

Total Sales(USD)

Plant Premises

Number of Staff