SCM INVESTMENT CO., LTD.

Add:  Floor 25, Section F, Shenzhen Special Zone Newspapers Building,
          Shennan Avenue, Shenzhen 518009
Tel:    0086-0755-3516683
Fax:   0086-0755-3516716

The SCM Investment Company Ltd. was jointly invested and founded in May 1999 by China National Publications Import & Export (Group) Corporation and its Branch Companies in Shanghai, Xian and Guangzhou.

The establishment of the SCM Investment Company Ltd. marked an operational strategic great leap forward of China National Publications Import & Export (Group) Corporation: That is a fundamental change from the previous traditional basic book business to a combination of the basic book business and the capital operation with equal importance.

The main objectives of the Company Ltd. are: to establish practical regulations for the modern enterprises; to train personnel to be adequate for capital operation; to mobilize capital, make investment and joint-capital ventures; to secure, maintain and increase the value of the state-owned capitals through professional capital operations, thus making it possible for China National Publications Import & Export (Group) Corporation to embark on a new road of fast development.

The main business of the Company Ltd. is: to make investment in the stock market, in the cultural media programs and their products, in the high-tech projects and their products and in the information industry etc.