Company : Tianjin Aquatic Products Wholesale Market, Hangu Distrct

Business Summary: The business area will reach 90,000M2 square meters and construction area will arrive at 26,167 M2 square meters. The project will form six function areas from the whole layout. They are fresh aquatic product trade area, salted aquatic product trade area, refrigeration and cold storage area, fishing tool trade area and seafood street.

Total Investment: 35,500,000 yuan

Business Form: Joint Venture, Cooperation

Contribution Proportion: Overseas investors own 50% shares.

Investment Recovery Time: 6 years

Contact Person: Pei Shaohua

Telephone number: 86-22-25692468

Fax: 86-22-25693585

E-Mail: tjhg@tjfisc.gov.cn

Market Forecast:

At the present, the trade of aquatic product wholesale market in Handu Distrct Tianjin is brisk very much. The trade climax owns 5,000 operators 150 tons business amount every day. The turnover in 1998 was 60,000,000 yuan and exceeded one hundred billion. The product area includes Beijing, Tainjin, Northeast, Hebei Province and so on. According to present sale conditions, Tianjin Development Area, Beijing, Northeast and Hebei Province have increasing tendency, which is forecasted to increase 10%-15% in the recent two years. At the same time, the Tianjin Port exports more 20,000 tons aquatic product such as fish, shrimp, crabs and seashells every year and the turnover is about 29,000,000$. The export aquatic products are expensive categories.

Brief introduction of Chinese partner:

The aquatic product trade center is reconstructed based on the primary aquatic product wholesale market in Handu Distrct Tianjin. The aquatic product wholesale market was built in 1996, which covered 11,660 square meters. Up to the end of 1999, the project has invested 2,800,000 yuan and completed the construction such as water, electricity and business room. Now it owns 6,600 square meters business area and has become an aquatic product wholesale market including wholesale, retail and all-sided service and has achieved better benefit.