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EXHIBIT 21.6
Shantou Vibro-Tech Industrial and Development Company , Inc.
Transfer of Shares Contract
Cansun Pacific International Investments Corporation Canada (hereinafter called
"the First Party") and Shantou Nandou Construction Development Headquarters
(hereinafter called "the Second Party") signed the "Shantou Vibro Tech
Industrial and Development Company, Inc. Contract" on January 25, 1996. In
accordance with Article 2, Section 9 it states that the investment proportions
of the First and Second Parties is 8:2. According to both Parties' specific
conditions and requirements, after thorough discussions, the First Party agreed
to transfer 5% of Shantou Vibro Tech Industrial and Development Company, Inc. to
the Second Party and 15% shares to Shantou Wan Run Trade Development Ltd.
(hereinafter called the "Third Party").
After transferring the shares, the new shareholding percentages among the three
parties is as follows: 60% shares are owned by the First Party; 25% shares are
owned by the Second Party; 15% shares are owned by the Third Party. The
investment capital and registered capital as set out in the executed contract
would remain unchanged. The various parties should inject the investment capital
and the distribution of the Company's profits and any risks would be borne
according to this new proportion.
First Party: Cansun Pacific International Investments Corporation Canada
Company Stamp /s/ Chinese signature
Second Party: Shantou Nandou Construction Development Headquarters
Company Stamp /s/ Chinese signature
Third Party: Shantou Wan Run Trade Development Ltd.
Company Stamp /s/ Chinese signature
