SUPPLEMENTARY AGREEMENT
Exhibit
2.3
Party
A:
Xxxxx Xxxxxxx
Party
B:
Xia Qiming
Party
C:
Qian Yuxi
Party
D:
Ever Auspicious International Limited
Whereas
Party A, B, C and D had executed the <Share Exchange Agreement> on
November 1, 2007, Party A, B and C agreed to transfer their holdings in Tianjin
Shisheng Investment Group to Party D, holding percentage is 40%, 36% and 24%
respectively and Party D agreed to acquired the holding interests in Tianjin
Shisheng Investment Group from the above parties. At the closing of the share
exchange, Party D, Ever Auspicious International Limited is holding 100%
interests in Tianjin Shisheng Investment Group Limited.
Party
A,
B, C and D hereby agreed to accumulated profit distribution issue as
following:
|
1.
|
Confirmation
of accumulated profit amount
|
All
parties agreed to affirm the dollar amount of the accumulated distributable
shareholders’ equity as of December 1, 2007’s financial statement
|
2.
|
Profit
distribution
|
All
parties agreed that all the distributable profit up to December 1, 2007 belongs
to Party A, B and C and Party D is not entitled to any of the interests in
Tianjin Shisheng Investment Group up to December 1, 2007
|
3.
|
Party
D is entitled to the interests in Tianjin Shisheng Investment Group
from
December 1, 2007 and Party A, B and C are not entitled to any interests
in
Tianjin Shisheng Investment Group
afterwards.
|
|
4.
|
This
supplementary agreement has the same legal binding capacity as the
<Share Exchange Agreement>
|
Parties’
execution
Xxxxx
Xxxxxxx, Xxx Xxxxxx, Qian Yuxi
Ever
Auspicious International Limited
Date:
November 1, 2007
