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This Copy Was Obtained in April 2011

WFOE Annual Audit Report

Year 2007

We acknowledge our responsibility to the truthfulness of the annual report, balance sheet and income statement

Name

Harbin Tech Full Electric Ltd

Basic Info of Business

Name

Harbin Tech Full Electric

Address
Investors China Side Foreign Side USA

Business Scope
Business Type
Legal Repres.

WFOE
Tianfu Yang
Tianfu Yang

Chairman

CEO: Tianfu Yang

Setup Date

Current Year Operating Summary Revenue Domestic Rev Tax Paid Net Income Total Assets Total Debt 357.95m Import/Export Import 1.28m USD Heilongjiang HuaXin 464.93m
LT Investment:31.4m

9.81m 0.49m

Export
USA

Auditor
Business Start Date Loss Reason

Rev Low, Cost High

Foreign Employee # Employee #

New Employee #

Approved.

Balance Sheet Balance Sheet

Beginning
Cash cash

Ending Period

Prepaid

Current Assets

Total Assets

Undistributed Prot

Equity

Income Statement

Last Year Revenue

Current Year

Gross Prot

Operating Prot

EBT Tax Net Income Undistributed

Distributable Income

Business License

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