`99 Key Project Seeking Overseas Investment & Cooperation

Project Name: Produce dog meat

Undertaker

Shaoxing Meilijian Special Breeding Farm

Legal Person

Chen Baoxing

Project No.

44

Person to Contact

Chen Bao-xing

Telephone

0575-5190075

Address

Dongpu ,Shaoxing,Zhejiang

Post Code

312069

Fax

Outlines of the project & markets analysis of the products

The 10,000-dog farm intends to process dog meat .The purpose of co-operation is to introduce equipment and capital and produce deep-processed dog meat which is good in quality ,fine in package .Dog meat not only is a health food but also has medical value .After deep processing it can be preserved for a long time and has a bright market prospect .The investment can be recovered in a short period .

Total investment

Of which: fixed assets

Of which: circulating funds

Foreign funds needed

USD 0.6 million

USD 0.38 million

USD 0.22 million

USD 0.2 million

Production conditions

& public and

auxiliary facilities (need/existing)

Power-supply£¨KVA£©

Water-supply£¨T/D£©

Steam-supply£¨T/H£©

150/150

7.5/7.5

Total land area£¨M²£©

Floor space£¨M²£©

Auxiliary construction£¨M²£©

2,940/2,940

1,940/1,940

1,000/1,000

Recovery period of Investment

2.37 years

Investment profit ratio

42%

Period of construction

1 year

Names of main products and annual productivity

Annual sales

Annual profit & tax

Annual foreign exchange earnings

0.4 million dog meat cans

RMB 8 million

RMB 2.1 million

Form of cooperation

Joint venture or co-operation

Brief introduction of the Chinese partner Financial Status of

Set up in March ,1997 ,the farm is a village-owned enterprise and focuses mainly on dog breeding and selling .In 1997,it owned fixed assets of 3.5 million yuan and realized output value of 1 million yuan with profit 0.3 million yuan .At present the farm has mastered the technology of breeding dogs,feed preparation and deep processing .

Assets status(RMB)

Sales/Profits in recent three years(RMB)

Total assets

4.5 million

Debt ratio

1996

1997

1million/0.3million

1998

3million/1.2million