EXHIBIT 10.1
SHANDONG CHAOYING CULTURE & ENTERTAINMENT CO., LTD
EQUITY TRANSFER AGREEMENT
Party A: Shaanxi Chaoying Beauty & Cosmetics Group Co., Inc.
Party B: Shaanxi Chaoying Biotechnology Co., Ltd
In witness whereof, Party A and Party B shall, with reference to the equity
transfer, hereby voluntarily signed and concluded this Agreement in accordance
with the following terms and conditions:
1. As consented by all shareholders, Party A transfers ▇▇▇ ▇▇ million
(accounting for 83.33%) equity to Party B.
2. Party A and B agreed the transfer fee is RMB 15 million which have been paid
by cash on July 28, 2007.
3. After the transfer, Party B shall undertake all rights and obligations in
Shandong Chaoying Culture & Entertainment Co., Ltd and shall abide by and
practice related by-laws.
4. This Agreement shall be in triplicate, one for each Party, one for register
authority.
5. This Agreement shall come into effect as of the day and year when it is
reported and filed to the administration department for industry and
commerce.
Party A (seal): Shaanxi Chaoying Beauty & Cosmetics Group Co., Inc.
Date: July 26, 2007
Party B (seal): Shaanxi Chaoying Biotechnology Co., Ltd
Date: July 26, 2007