English Translation) Loan Agreement
Exhibit
99.1
(English
Translation)
Lender
(Party A): Xxxxxx Xxxx
Borrower
(Party B): Jiangsu
Cold-Rolled Technology Co., Ltd.
Party
A
and Party B on friendly negotiation, reached the agreements as
follows:
| 1. |
Party
B borrows RMB 9,000,000 from Party
A.
|
| 2. |
The
term of the loan is one year, starting from May 15, 2008 and ending
on May
15, 2009.
|
| 3. |
Interest
of the Loan: the annual interest of the loan shall be
0%.
|
| 4. |
At
the maturity of this agreement, Party B hereby agrees to return the
principal of the loan.
|
| 5. |
Method
of repayment: Party B shall repay the principal of the loan in
cash.
|
| 6. |
Party
A shall deliver the principal of the loan to Party B within 60 days
after
the execution of this agreement.
|
| 7. |
This
Agreement has two copies and will become effective upon the execution
and
seal by each parties.
Party A and Party B shall each keep one copy of this
agreement.
|
Party
A:
Xxxxxx Xxxx
/s/
Xxxxxx Xxxx
(Seal)
Date:
May
15, 2008
Party
B:
Jiangsu Cold-Rolled Technology Co., Ltd.
(Seal)
Date:
May
15, 2008
