Page 1

Object profile

Object for transfer

Transferor

Object profile

Beer market analysis

Transfer conditions

Transfer price

Transferee’s qualification and

conditions

Transfer mode

Transfer process

Project fee and distribution

100% equity transfer of a Hunan-based brewery limited company

Page 2

Object for transfer:100% equity transfer of a Hunan-based brewery limited company

Transferor ： 6 shareholders who are natural persons

Object profile

Registered capital ： 50 million yuan

Scope of business: beer production and sale

Profile： 1.The Hunan-based brewery limited company, with the possession of a noted beer brand a

city of Hunan, is specialized in beer production and sale with a capacity of 70,000t/a. It mainly produces high, intermediate and low-level beer of different prices. The enterprise, under normal operation now, boasts a stable share in the local market.

2. All employees have signed a fixed term contract with the company. The transferee shall perform the labor relationship in accordance with the existing labor contracts.

3.The object’s fixed assets mainly include production equipment and workshops. Its intangible asset is the land using right with a registered coverage of 138mu in the land using right certificate and actual usable area of about 160mu to be expired on Feb. 18, 2058. Now, the land value rockets, but the value added is not accounted in the balance sheet.

Object profile

Page 3

4.

Object profile

Number of distribution outlets according to regionsRegion Qty. of outlets

Yiyang 30

Changsha 9

Changde 11

Xiangtan 8

Zhuzhou 3

Yueyang 9

Loudi 8

Shaoyang 13

Huaihua 8

Yongzhou 7

Hengyang 5

Chenzhou 12

Chongqing 10

Jiangxi 8

Yunnan 7

Guangdong 9

Guangxi 4

Fujian 1

Total 162

Business income

Business profit

Net profit

2009 13023.61 1035.94 780.70

2010 15167.46 1154.44 865.21

5. According to the auditing report provided by the transferor,

6. Originally called Sanben Beer, the company purchased land use right in 2006 and built a new plant in 2007. Upon completion in 2008, the companied moved in and put the new plant into operation in February 2009. All equipment were bought upon the completion of the new plant and still new in general.

Page 4

Object profile

Page 5

Object profile

Page 6

Object profile

Page 7

Object profile

Page 8

Object profile

Page 9

Transfer conditions

Transfer price

80 million yuan

Transferee’s qualification and conditions

1.The transferee shall be enterprise or natural person with effective existence and complying with the country’s laws and regulations.

2.The transferee shall be in good financial situation and have sufficient capacity to pay.

3. The transferee shall be in compliant with other conditions stipulated in national laws and

administrative statutes.

Settlement mode

Transferor and transferee shall entrust CBEX as the 3rd party for the transaction amount

(deposit) trusteeship and settlement.

Payment mode: lump sum payment

Page 10

Transfer process

I. Paying deposit to show sincerity

During the information disclosure period, intended transferee shall pay 100,000 yuan deposit to CBEX to show sincerity if he/she intends to discuss the transfer with the transferor.

II. Consulting and negotiation When the intended transferee pays the deposit, he/she may contact the transferor for field investigations.

III. Submitting acceptance application

IV. Arranging contract signing

V. Issuing transaction vouchers

Page 11

Contact persons ： Ma Hongfen, Zheng Hua

Investment and Financing Service Center,

China Beijing Equity Exchange

Tel. ： 010-66295546

010-66295731

Fax ： 010-6629558 ext. 5546

Email ： hfma@cbex.com.cn

Contact information