Friday, December 26, 2008

Tongxin International Ltd.

Industry: Consumer Goods and Services

Main business locations: China

Registered Office:
Kingston Chambers,
P.O. Box 173,
Road Town, Tortola,
British Virgin Islands

Incorporation date: June 20, 2005

Registered Agent:
Maples Finance BVI Limited

Listed on: NASDAQ
Ticker: TXIC

Financial highlights:
Market capitalization: 30.31 $M
Authorised shares: 39,000,000 ordinary shares
Revenue (ttm): 103.28 $M
EBITDA (ttm): 15.13 $M

About the BVI company:

Tongxin International Ltd (TXI), formerly Asia Automotive Acquisition Corporation, is an independent supplier of engineered vehicle body structures (EVBS) in China, providing products for both light, medium-sized, heavy-duty and vans. Also, TXI designs, fabricates and tests dies for stamping automotive body panels, and manufactures complete cab structures for commercial vehicles.

In April 2008, TXI announced its merger with Hunan Tongxin Enterprise Co. Ltd., pursuant to which Hunan Tongxin became a wholly owned subsidiary of TXI.

Monday, December 1, 2008

China Cablecom Holdings Ltd.

Industry: Telecommunications

Main business locations: China

Registered Office:
Tortola
British Virgin Islands

Incorporation year: 2006

Listed on: NASDAQ
Ticker: CABL

Financial highlights (31 Dec 2007):
Shares Outstanding: 9.3 mln
Warrants Outstanding: $10.5mln
Market Capitalization: $60 mln
Enterprise Value: $150 mln

About the BVI company:

China Cablecom Holdings Ltd. is consolidated cable network operator and acquirer in the highly populated Shandong province of the PRC. China Cablecom is entitled to a 60% economic interest of Binzhou Broadcast and Television Information Network Co., Ltd., an operating cable TV joint venture with a local state-owned enterprise.

China Cablecom Holdings currently operates 22 cable networks, with over 1.2 million paying subscribers. BVI company's strategy is to replicate the acquisitions by operating partnership models in other municipalities and provinces in the PRC, and then introducing operating efficiencies and increasing service offerings in the networks it operates.

Friday, November 14, 2008

World Property and Commodity Fund

Industry: Financial Services

Main business locations: Global

Registered Office:
Craigmuir Chambers,
PO Box 71 Road Town,
Tortola, BVI

Incorporation year: 2008

Registered Agent: Harneys Corporate Services Limited

Legal Advisor: Harneys Westwood & Riegels

Custodian: Credit Suisse (Gibraltar Branch)

Fund Manager: Co Operative Fund Management Ltd

Administrators: PricewaterhouseCoopers (Accounting Services of Gibraltar)

About the BVI company:

The World Property and Commodity Fund (WPCF) is a closed end investment fund, creating capital appreciation for its investors through the balancing of investments in prime real estate and commodities focusing primarily on investments in the emerging markets and frontier markets of Asia, the Middle East, South America and Eastern Europe. The fund works in the markets where stable political and economic system is still growing, but which still have large potential in terms of property development.

The World Property and Commodity Fund was founded by a group of international investment professionals with vast experience in emerging market property investments, the commodity based trading and investment strategies.

The BVI Fund also balances its holdings by working not only in the direct property markets, – residential and commercial real estate, - but diversifying their holdings and including land holdings that produce or contain commodity based properties.

Thursday, October 23, 2008

The Venulum Group

Industry: Financial Services

Main business locations: Global

Registered Office:
PO Box 765
4th Floor Rodus Building
Road Reef
Road Town
Tortola
British Virgin Islands

Incorporation date: 2002

BVI registered subsidiaries:
Venulum Ltd (BVI)
Venulum Capital LLC (BVI)
Venulum Property Investments (BVI) Ltd

About the BVI company:
The Venulum Group is an international private wealth management company registered and headquartered in BVI, specializing in alternative investments for high net worth individuals and balancing their portfolios with investments in fine wine, real estate and venture capital. The Group is working in the alternative investment market by balancing risks and rewards according to client's needs.

The BVI Group conducts its business in four countries, other two countries having service offices. Its headquarters are located in the British Virgin Islands, the Group operating under British Virgin Islands law and having physical offices in the jurisdiction. Venulum Group has a substantial number of United States based clients.

Along with BVI-registered subsidiaries, the Group has subsidiaries registered in the United Kingdom: Cadman Fine Wines, fine wine sales and marketing division, and its parent company Venulum Wines Ltd. Canada-based subsidiary, Venulum Inc, is responsible for all client services. Mutual fund Venulum Property Investments Ltd, based in the Cayman Islands, enables clients to invest using funds from their retirement portfolios.

Wednesday, October 15, 2008

UTi Worldwide Inc


Industry: Transportation and Logistics


Main business locations: Worldwide

Registered Office:
9 Columbus Centre
Pelican Drive
Road Town
Tortola, British Virgin Islands

Incorporation year: January 1995

Listed on: NASDAQ
Ticker: UTIW

Financial highlights (2007) (compare to 2006 financial highlights):
Gross Revenue: US$3.6 billion
Net Revenue: US$1.2 billion
Operating Income: US$158.6 million
Net Income: US$107.9 million
Operating Cash Flow: US$128.2 million
Total Assets: US$$1,660 million

Auditors: Deloitte & Touche LLP

Legal Counsel: Paul, Hastings, Janofsky & Walker LLP

About the BVI company:

UTi Worldwide Inc. is an international, non-asset-based global integrated logistics company, providing supply chain management and optimization solutions. Company services include air and ocean freight forwarding, contract logistics, truckload brokerage and other supply chain management services. The company assists its clients in designing and implementing solutions that improve the predictability and visibility, and reduce the overall costs of the supply chains.

Company's customer base includes clients operating in the pharmaceutical, retail, apparel, chemical, automotive and technology industries.

On June 30, 2006 global network of freight forwarding offices of UTi Worldwide Inc. included 280 cities, and the company managed over 140 logistics centers, in a total of 64 countries with a staff of more than 17,000 people.

The company also has approximately 151 independent agent-owned offices in 76 additional countries, of which about 131 offices are exclusive freight forwarding agents.

The eight principal support offices of the company are located in Amsterdam, Frankfurt, Hong Kong, Johannesburg, London, Sydney and, in the United States, in Los Angeles, California and Columbia, South Carolina.

Subsequent to January 31, 2006 and effective March 7, 2006, UTi Worldwide acquired 100% shares of Market Industries, Ltd. - a third-party provider of logistics services and multi-modal transportation capacity solutions specializing in truck brokerage.

Thursday, October 2, 2008

Saber Energy Corp.

(updated information)

Industry: Mining

Main business locations: Botswana

Registered Office:
Tortola, British Virgin Islands

Financial highlights: (2007)
Total assets: approximately $50 million
Net loss: $4 million
Outstanding common shares: 150,610,690
Common share purchase warrants: 2,530,534

About the BVI company:

Saber Energy Corp. was a private energy company focused on developing a coal bed methane (CBM) and shale gas field. In March 2010, the company merged with Talon Metals Corporation. After closing the transaction, Talon continued trading on the Toronto Stock Exchange under the same symbol (“TLO”).

Thursday, September 25, 2008

Nam Tai Electronics, Inc.


Industry: Electronics


Main business locations: Global

Registered Office:
116 Main Street
3rd Floor
Road Town, Tortola
British Virgin Islands

Listed on: NYSE
Ticker: NTP

Financial highlights (2007) compare to 2005 financial information
Net sales: US$780.8 million
Gross profit: US$87.0 million
Operating income: US$40.7 million
Net income: US$69.5 million
Net cash: US$71.1 million

Main shareholders:
M. K. Koo: 13.0%
Peter R. Kellogg: 13.0%
I.A.T. Reinsurance Syndicate Ltd.: 11.7%

About the BVI Company: Nam Tai Electronics, Inc. is a company working in the spheres of electronics manufacturing and design services. It was founded in 1975 in Hong Kong as an electronic products trading company. In 1978 the company's focus was changed to manufacturing of electronic products. In 1980 they moved their manufacturing facilities to China; later these were relocated to Shenzhen, China, in order to take advantage of opportunities offered in southern China. At the moment the company is domiciled in the British Virgin Islands.

Nam Tai provides its services to a select group of the world's leading OEMs of telecommunications and consumer electronic products. The range of manufactured goods includes electronic components and sub-assemblies, e.g. LCD panels and modules, RF modules, DAB modules, FPC sub-assemblies and image sensors modules and PCBA for BluetoothTM headsets. The components are used in numerous electronic products, including cellular phones, laptop computers, digital cameras, electronic toys, handheld video game devices and microwave ovens. The company also produces finished products, namely, cellular phones in semi-knocked down, or SKD, form, mobile phone accessories and educational products.

Nam Tai services include also hardware and software design, component purchasing, assembly into finished products or electronic sub-assemblies and post-assembly testing. They also provide original design manufacturing, or ODM, services, which include designing and developing proprietary products that are sold by our OEM customers under their brand names.

In April, 2014, Nam Tai Electronics, Inc. changed its name to Nam Tai Property Inc., and started trading on the NYSE under the new trading symbol (NTP).

Tuesday, September 9, 2008

FUQI International Holdings Corporation, Ltd.

Industry: Consumer Goods and Services

Main business locations: China

Registered Office:
British Virgin Islands
Tortola

Listed on:
NASDAQ

Ticker: FUQI

Financial highlights 2007 (for parent company FUQI International, Inc.):

Net sales: $145,559,000
Gross profit:: $16,514,000
Income from operations: $12,490,000
Net income: $13,516,000
Earnings per share (basic): $0.96
Earnings per share (diluted): $0.86
Total assets: $122,715,000
Total liabilities: $25,455,000
Total stockholder's equity: $97,260,000

Auditors: Stonefield Josephson, Inc.

About the BVI Company:

FUQI International Holdings Co., Ltd. is a British Virgin Islands (FUQI BVI) corporation being a subsidiary of FUQI International, Inc., publicly listed in NASDAQ and reincorporated in the state of Delaware by terms of reverse merger transaction in 2001. The BVI corporation, in its turn, is a 100% owner of China-based Shenzhen Fuqi Jewelry Co., Ltd., a company which was established in 2001 and is one of the leading designers of high quality precious jewelry in China, developing, promoting and selling a wide range of products to the Chinese market of luxury goods. The products of the company make of a range of uniquely formed styles and designs made from precious metals such as platinum, gold and Karat gold, diamonds and other gemstones.

Friday, May 9, 2008

Albidon Limited

Industry: Mining

Main business locations: Africa

Registered Office:
3/F Barclays House
Wickhams Cay
Road Town, Tortola
British Virgin Islands

Incorporation date: April 11, 2000

Listed on:
Australian Stock Exchange
Ticker: ALB

Financial highlights (2007):
Revenue: US$1,326,638
Loss before income tax: US$2,205,075
Loss per share (basic or diluted): US$1.44
Total assets: US$128,107,168
Net assets: US$60,000,948
Share capital: US$73,736,062

Auditors: Ernst & Young

Solicitors: Blakiston & Crabb

BVI Subsidiaries:
Albidon Africa Limited (BVI) 100%

About the BVI Company:

Albidon Limited is nickel exploration and development company listed on both AIM and ASX stock exchanges in March 2004. During the last years, the company has spent a large portfolio of nickel sulphide projects ranging from development stage to grass roots exploration, focusing on exploration in Africa.

The Board and management of the company have a diversity of skills in exploration, mining, metallurgy, concentrate marketing, logistics and project finance in Africa and in the other regions.

Currently, the company positions itself to make the transition from exploration to mining. Its main purposes are to develop the Munali Nickel Deposit in Zambia, to develop its exploration programs on its large portfolio of nickel, uranium and zinc projects in other areas of Africa, and to evaluate new business development opportunities. BVI company's other projects include mineralized drill intersections, such as the recent high grade platinum discovery in Tanzania, and large licence holdings covering prospective ground with targets that have been identified but have not yet been drilled, such as the Songea nickel project in Tanzania.

Saturday, May 3, 2008

Promanet Limited

Industry: Internet

Main business locations: Global

Registered Office:
Omar Hodge Building, Wickhams Cay I
P.O. Box 362
Road Town, Tortola
British Virgin Islands

About the BVI company:

Promanet Ltd. is a provider of internet marketplaces. Its general specialization is offering a platform to users seeking special services or partnerships. The company offers platforms for sponsor seekers and sponsors, capital providers and entrepreneurs, artists, models and agencies, pilots and aviation companies, etc. The users have the possibility to enter their inquiry into a Promanet database having module system and thereby find the appropriate partners.

Promanet provides internet based data banks for customers looking for special services, partnerships or other connections. Each data bank is a tailor-made marketplace, searching or offering something very special for a special group of customers.

Wednesday, February 27, 2008

Homeland Energy Corporation

Industry: Mining

Main business locations: South Africa

Registered address:
c/o Craigmuir Chambers
Post Office Box 71
Road Town, Tortola
British Virgin Islands

Incorporation year: 2004

Listed on: private company (soon to be public on TSX).

Financial highlights (2007 9m):
Total Assets: CAD 27,716,000
Total common shares: 32,629,780
Net loss: CAD 3,910,000
Net loss per share: CAD 0.15
(the company currently invests in exploration)

About the BVI Company:

Homeland Energy Corp. is a private (soon to be public) company focused on energy exploration and development in Southern Africa. The main projects developed by the company at the current moment are three coal properties in the provinces of Mpumalanga and Kwa-Zulu Natal.

The BVI company is also planning to acquire interests in a number of additional coal properties in eastern South Africa and some neighbouring countries, including Botswana and Swaziland, and owns a significant stake (39%) in Homeland Uranium Inc., a Canadian uranium exploration and development company with uranium exploration activities in Niger and the United States. Homeland also has interest in long-term energy production and development of uranium projects in the United States (Colorado).

After the completion of a reverse take over of TSX Venture Exchange listed Chrysalis Capital Corporation IV, Homeland Energy Corp. is expected to change its name to Homeland Energy Group Ltd. and start trading on the TSX in March 2008.

Wednesday, February 20, 2008

A-Power Energy Generation Systems, Ltd.

Formerly Chardan South China Acquisition Corporation

Industry: Manufacturing


Main business locations: China

Registered address:
Kingston Chambers
P.O. Box 173
Road Town, Tortola
British Virgin Islands

Registered agent:
Maples Finance BVI Limited

Incorporation date:
May 14, 2007

Listed on: NASDAQ
Ticker: APWR

Financial highlights:
Net Loss (9m 2007): USD 259,156
Market Capitalization: USD 243 million

About the BVI company:

A-Power Energy Generation Systems, Ltd. (formerly Chardan South China Acquisition Corp.), through its Chinese operating subsidiary, Liaoning GaoKe Energy Group Co., Ltd., is the provider of distributed power generation systems in China. A-Power Energy Generation Systems, Ltd. also develops and commercializes additional renewable energy technologies, and has strategic relationships with both Tsinghua University and the China Sciences Academy in Guangzhou. The company is planning to enter into China's wind energy market in 2008.

Monday, February 11, 2008

Gengsheng International Corporation

Gengsheng International Corporation (formerly known as Powersmart Holdings Limited) is a BVI company being a 100% subsidiary of NASDAQ listed China Gengsheng Minerals Inc. (formerly known as China Minerals Technologies Inc.) The main business of China Gengsheng Minerals Inc. is conducted through the BVI-registered company Gengsheng International Corp. and its China- and BVI- based subsidiaries.

Industry: Manufacturing

Main business locations: China

Registered Office:
Tortola
British Virgin Islands

Date of Incorporation: November 3, 2004

About China Gengsheng Minerals Inc.:
Listed on : NASDAQ
Ticker: CHGS

Financial highlights (2007 6m):
Total assets: USD 50,168,000
Stockholder's equity: USD 30,762,000
Revenues: USD 18,518,000
Operating expenses: USD 3,760,000
Net income: USD 2,821,000
Earnings per share: USD 0.14

BVI Subsidiaries of Gengsheng International Corporation:
Smarthigh Holdings Limited (incorporated in the British Virgin Islands in November 2004)

About the BVI company:
Gengsheng International Corporation (previously known as Powersmart Holdings Limited) is a full-owned subsidiary of Nevada-registered China Gengsheng Minerals Inc., which develops, manufactures and markets a wide range of mineral-based and heat-resistant products, used in the iron and steel industry. China Gengsheng Minerals, founded in 1986 and based in China's Henan province, currently sells its products to more than 160 customers in the iron, steel, glass, cement, aluminium and chemical businesses located in China and in 11 other countries.

All business of the Nevada company is conducted through the BVI-domiciled Gengsheng International Corporation and its China- and BVI-based subsidiaries, - Henan Gengsheng Refractories Co., Ltd., Zhengzhou Duesail Fracture Proppant Co., Ltd., Henan Gengsheng High Temperature Materials Co., Ltd., and Smarthigh Holdings Limited.

Some months ago, China Gengsheng Minerals Inc. changed its name (formerly China Mineral Technologies, Inc.), with the change of ticker name from CMIT.OB to CHGS.OB. The BVI-based subsidiary changed its name from Powersmart Holdings Limited to Gengsheng International Corp.

Thursday, January 31, 2008

Origin Agritech Limited

Industry: Agriculture

Main business locations: China

Registered address:
Kingston Chambers
P.O. Box 173
Road Town
Tortola
British Virgin Islands

Incorporation date: February 10, 2005

Listed on: NASDAQ
Ticker: SEED

Financial highlights (2006 9m):
Total assets: USD 124,508,000
Total shareholders’ equity: USD 58,018,000
Net revenues: USD 66,169,000
Gross profit: USD 20,774,000
Total operating expenses: USD 13,652,000
Income before income taxes: USD 9,589,000
Net income: USD 9,658,000
Net income per share: USD 0.41

Main shareholders:
  • Sinodream Limited (BVI registered personal holding company of CEO Gengchen Han) 14.2%
  • Bonasmart Limited (BVI registered personal holding company of Director Liang Yuan) 8.3%
  • Leekdon Limited (BVI registered personal holding company of President Yasheng Yang) 14.2%
BVI registered subsidiaries:
State Harvest Holdings Limited (Investment holding company incorporated in the British Virgin Islands on October 6, 2004)

About the BVI company:
Origin Agritech Limited is incorporated in the British Virgin Islands and headquartered in Beijing, China. It is an agricultural biotechnology company working in seed industry and specializing in research, development, production, sale and distribution of agricultural crop seeds, - hybrid corn, rice, cotton and canola. By 2006, the company introduced to the market sixteen new proprietary seeds, developed internally.

Origin Agritech conducts business operations mainly through its private companies Beijing Origin Seed Technology Inc., Changchun Origin Seed Technology Development Ltd., Henan Origin Cotton Technology development Ltd., Zhengcheng Rice Seed Ltd., Changrong seed Ltd., and Beijing Origin State harvest Biotechnology Ltd.

Tuesday, January 22, 2008

Yucheng Technologies Limited

Industry: Information Technology

Main business locations: China

Registered address:
Offshore Incorporations Center,
P.O. Pox 957,
Road Town, Tortola,
British Virgin Islands

Incorporation date: November 24, 2006

Financial highlights:
Total Assets (2006): USD 49,834,239
Total Revenues(2006): USD 39,979,849
Total Operating Expenses(2006): USD 4,629,056
Net Income(2006): USD 6,110,108
Total Outstanding Shares: 16,394,806
Stockholder's Equity (2006): USD 31,071,683

BVI Subsidiaries (100% ownership):
Port Wing Development Co., Ltd. (incorporated in BVI, Nov 3,2005)
Ahead Billion Venture Ltd. (incorporated in BVI, Nov 3,2005)

About the BVI company:
The main business of Yucheng Technologies Limited (YTEC) is providing IT and outsourced services to the Chinese banking industry. The company is registered in the British Virgin Islands and headquartered in Beijing, China. It has nine subsidiaries and representative offices located in China, to serve its banking clients nationwide. Yucheng provides IT solutions and services to Chinese banks in the following fields: IT consulting, solutions and software platform, system integration, and outsourced operations. The company specializes in banking channel management IT solutions and services, such as web banking and call centers, business processing solutions, risk/performance management solution consulting and implementation service.

Yucheng becomes one of the leading third party providers of POS merchant acquiring services in partnership with banks. 13 of the 15 top banks in China are the customers of the BVI company. The BVI company is a combined entity of China Unistone Acquisition Corporation, Beijing Sihitech Co., Ltd., Beijing e-Channels Century Technology Co., Ltd.

Wednesday, January 16, 2008

LJ International Incorporated

Industry: Consumer Goods and Services

Main business locations: Hong Kong, China, USA

Registered address:
PO Box 957
Offshore Incorporation Centre
Road Town, Tortola
British Virgin Islands

Incorporation year: 1987

BVI registration number: 216796

Listed on: NASDAQ
Ticker: JADE

Financial highlights (2006 9 months):
Total assets: USD 129,548,000
Total stockholders’ equity: USD 57, 073,000
Gross profit: USD 22,358,000
Income before income taxes: USD 3,490,000
Net income: USD 3,081,000
Earnings per share: USD 0,15

British Virgin Islands counsel: Harney Westwood & Riegels

Auditors: Moores Rowland Mazars

About the BVI company:
LJ International Inc. together with its subsidiaries (the Group) is focused on designing, branding, marketing, retailing and distributing full range of jewelry to jewelers, national jewelry chains, department stores, electronic and specialty retailers. The company is based in Hong Kong, but makes its main manufacturing operations in the People's Republic of China. The largest amount of products is sold in the United States of America. The LJ Group also owns commercial and residential properties in Hong Kong, primarily for investment purposes.
The company launched its Initial Public Offering on the NASDAQ in April 1998.

Monday, January 14, 2008

China Natural Resources Inc.

Industry: Mining

Main business locations: China

Registered Office:
Sea Meadow House,
Blackburne Highway,
P.O. Box 116,
Tortola, British Virgin Islands

Date of Incorporation: December 14, 1993

Listed on: NASDAQ
Ticker: CHNR

Financial highlights (thousands Rmb):
Net sales (2006): 145,389
Net income (2006): 72,548
Total Assets (2006): 180,765
Current assets (2006): 143,330
Shareholder’s equity (2006): 130,531

Auditors: GHP Horwath P.C.

BVI subsidiaries:
Silver Moon Technologies Limited (incorporated in the British Virgin Islands on March 24, 2000)
Sunwide Capital Limited (incorporated in the British Virgin Islands on January 22, 2001)
Feishang Mining Holdings Limited (incorporated in the British Virgin Islands on September 2004)

About the BVI company:

BVI-registered and Hong Kong-based China Natural Resources Inc. (CNRI) is one of important natural resources development companies operating in China. The company receives most of its earnings from the sale of zinc and iron.

Being incorporated on December 1993, in 2004 China Natural Resources merged with Nevada-based China Resources, which was founded in 1986 (the "Re-domicile Merger"). CNRI has succeeded all the rights and obligations of China Resources under the existing agreements and relationships.

Prior to the Re-domicile Merger, the Company's common shares were traded on the NASDAQ under the symbol “CHRB”. Following the Re-domicile Merger, the trading symbol was changed to “CHNR”.

Also, in 2006 CHNR acquired all of the issued and outstanding capital stock of Feishang Mining Holdings Limited (FMH) from its former owner, - the British Virgin Islands company Feishang Group Limited.

FMH was incorporated in the British Virgin Islands in September 2004. FMH is the beneficial owner of 100% of the capital stock of Chinese company Wuhu Feishang Mining Development Co. Limited. All the operations of FMH are conducted through Wuhu.

Tuesday, January 8, 2008

Eurotech Holdings Company Limited

Industry: Energy and Environment

Main business locations: Hong Kong and China

Registered Office:
TrustNet Chambers,
P.O. Box 3444,
Road Town, Tortola,
British Virgin Islands

Incorporation date: September 30, 1996

Listed on: NASDAQ
Ticker: CLWT

Financial highlights (2006):
Total assets: USD 19,975,000
Issued and outstanding shares: USD 94,000
Total equity: USD 12,990,000

Auditors:
PriceWater House Coopers
BDO International

BVI Subsidiaries: Pact Asia Pacific Limited (51% ownership)
Registered office:
Offshore Incorporations Limited,
P.O. Box 957,
Offshore Incorporations Centre, Road Town, Tortola, BVI

About the BVI company:

EuroTech Holdings Company Limited is incorporated in the British Virgin Islands and headquartered in Hong Kong. Together with its Hong Kong- and BVI-based subsidiaries, the company is engaged in manufacturing and distribution of automated process control, analytical instruments and testing equipment in the area of water and waste water treatment, wastewater plants and environmental protection monitoring stations.

The main operating subsidiary of EuroTech Holdings is Hong Kong-registered Euro Tech (Far East) Limited, engaged in the marketing and trading of water and waste water related process control, analytical and testing instruments, and other products in Hong Kong and PRC.

One of company's majority owned subsidiaries, Pact Asia Pacific Limited, is also registered in the British Virgin Islands. Principal activities of this BVI company are selling of environmental protection equipment, undertaking environment protection projects and providing relevant technology advice, training and services.

Beside Hong Kong office, Euro Tech has twelve other offices located in Beijing, Shanghai, Guangzhou, Chongqing, Xian, Shenyang, Wuhan, Dalian, FuZhou, Suzhou, Dongguan, Cheng Du, Qing Dao, Urumqi and one assembly plant located in Pudong, Shanghai.

Saturday, January 5, 2008

China Technology Development Group Corporation

Industry: Energy and Environment

Main business locations: China

Registered Office:
Craigmuir Chambers,
P.O.Box 71,
Road Town,
Tortola,
British Virgin Islands

Registered agent: Harneys Corporate Services Limited

Date of Incorporation: 1995

Listed on: NASDAQ
Ticker: CTDC

Financial highlights:
Total Assets (2006): USD 8,297,000
Shareholder’s equity (2006): USD 6,489,000
Net loss (2006): USD 14,371,000
Loss per share (2006): USD 1.27

Legal Adviser: Baker & McKenzie

Auditors: Friedman LLP

Bankers: China Merchants Bank Hong Kong branch

Subsidiaries:
- Jing Tai Industrial Investment Co. Ltd. (Hong Kong registered company)
- BHL Networks Technology Co Ltd (Hong Kong registered company)
- Jingle Technology Co Ltd (BVI registered company)
- BHL Networks Technology Co Ltd (Cayman Islands registered company)
- Beijing BHL Networks Technology Co Ltd (China registered company)
- Zhejiang University (Hangzhou) Innoessen Bio-technology Inc. (China registered company)
- China Green Industry Group Limited (BVI registered company)
- Green Energy Industry Limited (BVI registered company)
- Fullwing Limited (BVI registered company)
- Margot Limited (BVI registered company)
- China Green Holdings Limited (BVI registered company)
- Sinofield Group Limited (BVI registered company)
- Southwick International Limited (BVI registered company)
- Trenda International Limited (BVI registered company)
- Shenzhen Innoessen Bio-Tech Inc. (China registered company)
- China Merchants Zhangzhou Development Zone Innoessen Biotech Co., Ltd (China registered company)
- China Green Investment Group Limited (China registered company)
- China Green Food Investment Limited (BVI registered company)
- Wellknown Limited (BVI registered company)
- Green China Club Limited (BVI registered company)
- China Natures Technology Inc. (BVI registered company)
Registered Office: Trident Chambers, P.O.Box 146, Road Town, Tortola, British Virgin Islands
Date of incorporation : 28 January 2003
Registration number: 531367

About the BVI company:

China Technology Development Group Corporation is focused on providing renewable energy solutions, working in the solar energy business in China.

The BVI company was one of the first groups of Chinese companies to list on the NASDAQ. Currently, it is the only NASDAQ listed subsidiary of China Merchants Group, - a diversified conglomerate with over HK$60 billion (US$7.7 billion) in total assets.

CTDC has entered the solar energy sector in 2007, and now it is the pioneer producer of cutting-edge thin-film technology in the Photovoltaic industry in China. Additionally, the company manufactures and distributes PV application and other energy-saving products.