Share Exchange Agreement Inner Mongolia Litai Coking Co., Ltd
Inner Mongolia Litai Coking Co., Ltd
Bargainer: ▇▇ ▇▇ Jianguang
Alienee: Inner Mongolia Tehong Coal Group Co., Ltd, Mr. Qu Puyi, ▇▇.▇▇ Junyan
▇▇ ▇▇ Jianguang (bargainer) signs a contract with alienees about transfer of shares counting for RMB 1,400,000 on the basis of agreement of other shareholder.
1. The transfer of shares is as follows:
| Alienee | Bargainer | Share of transfer(RMB Yuan) |
| Inner Mongolia Tehong Coal Group Co., Ltd |
▇▇. ▇▇ Jianguang |
500,000 |
| Mr. Qu Puyi | ▇▇. ▇▇ Jianguang | 500,000 |
| ▇▇. ▇▇ Junyan | ▇▇. ▇▇ Jianguang | 400,000 |
| 2. | After transfer, the shareholders and shares in Inner Mongolia Litai Coking Co., Ltd is as follows: |
| Shareholder | Share(RMB Yuan) | Percent of capital |
| Inner Mongolia Tehong Coal Group Co.,Ltd |
2,000,000 | 20% |
| ▇▇.▇▇ junyan | 2,400,000 | 24% |
| Mr. Qu puyi | 2,000,000 | 20% |
| ▇▇ ▇▇▇▇ Wenhua | 1,000,000 | 10% |
| ▇▇. ▇▇▇▇ Shengjie | 750,000 | 7.5% |
| ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ | 750,000 | 7.5% |
| ▇▇ ▇▇ jianguang | 600,000 | 6% |
| Mr ▇▇▇▇ ▇▇▇ | 500,000 | 5% |
| Total | 10,000,000 |
signatures:
Bargainer: ▇▇ ▇▇
Jianguang
Alienee: Inner Mongolia Tehong Coal Group Co.,Ltd, Mr. Qu Puyi, ▇▇.▇▇ Junyan
Aug. 18, 2004