Project: Theconstructionandoperationproject of docks inYangjiang

Project: Theconstructionandoperationproject of docks inYangjiang

Overview: the project includes the construction of two (2) docks with the handling
capacity of 5,000tons, two (2) docks with the handling capacity of 30,000tons,
one (1) dock the handling capacity of 100,000 tons and one (1) dock with the handling capacity of 300,000tons.

Model of cooperation: joint ventureor cooperation

Period of cooperation: 50years

Total investment: US$300million

Chinese side investment and composition: landinvestment

Foreign side investment and composition: capital andequipment

Estimatedpaybackperiod: 12years

Construction site: FengtouPort, Yangxi County

Infrastructure available at the construction site: Lingang NewDistrict is located at the outlet of Fengtou River to the sea and the main water channel after the
renovation has the depth of 20meters and the level of ebb tide for the port basin is
14meters.

Stateproject classification: encouraged