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Zhejiang Hongyuan Construction Materials Co Ltd & Dehua TB New Decoration Material Co Ltd	Update Date: 01/31/08
Date Announced: 11/30/07
Value (million $USD): 0.8 million U.S. Dollar 5.6 million Chinese Yuan

Status: Pending

TRANSACTION DETAILS
Date Announced	11/30/07
Date Originally Announced	11/30/07
Format	Acq. Maj. Int.	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	n/a
Value	0.8 million U.S. Dollar 5.6 million Chinese Yuan	Advisor Fees	n/a

SYNOPSIS

CHINA - Dehua TB New Decoration Material Co Ltd agreed to acquire a 74.06% interest in Zhejiang Hongyuan Construction Materials Co Ltd, a construction materials manufacturer and wholesaler and a 37.03: 37.03: 25.94 joint venture among Dehua Group Holding Co Ltd (DG), Zhonglida Group Holding Co Ltd (ZG) and Investor Jian Jiamin, from DG and ZG, for 5.555 mil Chinese yuan ($0.754 mil US). The transaction was approved by the board of directors

TARGET
Name	Zhejiang Hongyuan Construction Materials Co Ltd
Industries	n/a
City	Zhejiang
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Joint Venture
Business Description	Security brokers Zhejiang Hongyuan Construction Materials Co Ltd, located in Zhejiang, manufactures and wholesales construction materials. The company was founded in 2003.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Dehua TB New Decoration Material Co Ltd (Shenzhen : 002043)
Industries	Hardwood veneer and plywood; Durable goods, nec
City	Zheijang Province
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Public
Business Description	Dehua TB New Decoration Material Co Ltd, located in Zhejiang, manufactures and wholesales rtificial board, decoration board, other wooden materials and chemical products. Other activities include growing plants, manufacture and sale of logs and operation of importation and exportation business. The company was founded in 2001.
Advisors	NULL
Acquiror Sales	130.6 million U.S. Dollar 979.1 million Chinese Yuan

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