In July, we signed an agreement as the exclusive PR company with China Millennium Monument World Art Museum to promote the Italian Renaissance Art Exhibition. It is the most prestigious exhibition of Italian Renaissance Art ever shown in China, entirely adopts the market operation method will become the opening event for Italian cultural year in 2006. As the exclusive PR company, we are very happy to take the responsibilities for raising the sponsorship and providing PR support and publicizing of relative activities. The exhibition will be held in Modern Art Museum of China Millennium Monument from Jan. 20 to Apr. 23, 2006.

In September, we signed an exclusive sales agent agreement with AcuPowder who is an advanced copper powder and other non-ferrous powders manufacturer in North America. We are with the responsibility of sales and after-sale services. ACuPowder has possessed a good name for its excellent quality and reasonable price among China PM manufacturers, and we are also admired by our customers for the professional, passionate, considerate services provided. Herein we would like to thank you for all your supports.

For our international trade business, the PM parts exportation and other trading business have been growing rapidly. In the meanwhile, we have also helped our domestic factories to import the advanced equipment and raw material as well as advanced manufacture and management knowledge from foreign countries. It helps the factories with advanced techniques and quality control standard. As the P/M industry keeps developing these years and its prosperous future, we have built a new plant in Pennsylvania, U.S.A. The factory is named “Global Meal Products” and has started operating on Dec. 1st, 2005. Now we have got more advantages to serve our P/M customers among China, U.S. and other countries around the world.

We will keep you informed with all of future movement!

Thank you for your attention!

Merry Christmas and Happy New Year!