Share Exchange Agreement Inner Mongolia Litai Coking Co., Ltd
Inner Mongolia Litai Coking Co., Ltd
Bargainer: Xx Xx Jianguang
Alienee: Inner Mongolia Tehong Coal Group Co., Ltd, Mr. Qu Puyi, Xx.Xx Junyan
Xx Xx 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 |
Xx. Xx Jianguang |
500,000 |
Mr. Qu Puyi | Xx. Xx Jianguang | 500,000 |
Xx. Xx Junyan | Xx. Xx 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% |
Xx.Xx junyan | 2,400,000 | 24% |
Mr. Qu puyi | 2,000,000 | 20% |
Xx Xxxx Wenhua | 1,000,000 | 10% |
Xx. Xxxx Shengjie | 750,000 | 7.5% |
Xx Xxxxx xxxxx | 750,000 | 7.5% |
Xx Xx jianguang | 600,000 | 6% |
Mr Xxxx Xxx | 500,000 | 5% |
Total | 10,000,000 |
signatures:
Bargainer: Xx Xx
Jianguang
Alienee: Inner Mongolia Tehong Coal Group Co.,Ltd, Mr. Qu Puyi, Xx.Xx Junyan
Aug. 18, 2004