SUBSCRIPTION AGREEMENTSubscription Agreement • November 13th, 2006 • China-Biotics, Inc • Mining & quarrying of nonmetallic minerals (no fuels)
Shanghai Shining Biotechnology Co. Ltd (“Shining” or “Company”) is a domestic joint venture enterprise and was established on 20th August 1999 with the registered capital of RMB 20,480,000. Shining is engaged in manufacturing of the microbial capsule and functional food (excluding of drug); sales of chemical products (excluding of dangerous goods), research and development of drugs, nonferrous metals and garments; and the operation of the exported business of the Company’s products and the imported business of required plant and machinery, accessories, raw materials and auxiliary materials. The Company is included the corporate shareholders of Shining. The shareholders and their shareholding are Mr. Song Jinan (50%), Ms. Yan Li (29.50%), Mr. Huang Weida (15%), Ms. Yan Yihong (5%) and Shanghai Shengyuan Estate Co. Ltd (0.50%) respectively. As of the date of the Agreement, the net assets value of the Company is RMB18, 320,000. By the resolution of the board of directors of Shining, it ag
EQUITY TRANSFER AGREEMENTEquity Transfer Agreement • November 13th, 2006 • China-Biotics, Inc • Mining & quarrying of nonmetallic minerals (no fuels)
