土地估價報告（英文版）.doc23

1 Name of appraisal project
Enjoyment price appraisal of native-land belonging to Yizheng Zhengzhou-town Yihua Factory, Yihua Group Co. (Engineering Plastic Plant)
2 Committing appraisal company
Company name: Yihua Group Co.
Company address: Yizheng, Jiangsu, China
Member of as right: Fu Xingtang
Contact person: Shao Tianjing
Phone: 0514-3236826
3 Appraisal aim
This appraisal aim is to decide land asset value for committing unit and to provide objective and positive of land price reference for dealing with enjoyment of nation-land.
4 Appraisal criteria date
Nov.30 2002
5 Appraisal date
Nov.30 2002～Jan.10 2003
6 Define of land price
6.1 Connotation of land price
Land price this report has appraised is on the appraisal criteria date Nov.30 2002, when development conditions had reached. These conditions are that the interior and exterior of land had completed pathway, pet-water, power on, communication, heating, air draft, and the interior of land leveling had finished. The use of land is for industry. Land price is the enjoyment right of nation-land with thirty durable years and proleptic income price.
6.2 land using conditions
The use of under-assessment land is for industry. The present state of land use is that the interior and exterior of land had completed pathway, pet-water, power on, communication, heating, air draft, and the interior of land leveling had finished. Now the interior of land had built four buildings, which are an office building which is four-story brick and concrete mixed structure, a workshop which corpus is two-story brick and concrete mixed structure, and two heating workshop which are one-story brick and concrete mixed structure. The intensity of land use is general.
6.3 Positing development conditions in the land appraisal
Positing development level of the under-assessment land is that the interior and exterior of land had completed pathway, pet-water, power on, communication, heating, air draft, and the interior of land leveling had been finished before appraisal date Nov.30 2002.

..............................