Project Undertaker: Tianjin Airport Equipment Manufacturing Company Ltd

Estimated total investment: 5000 thousand USD

Way of Investment: joint-venture or cooperative

Investment Ratio: China 40%, Foreign 60%

The anticipated Return Term: 5 years

Address: #2 Jiingzhou Road, Heping District, Tianjin

Contact: Yang Li

Tel: +86-22-27306251

Fax: +86-22-27314482

E-mail: tmeic@public.tpt.tj.cn

Market Prediction:

At present the country's civilian airports amounts to 142, among them 22 are in 4E category the top notch airport. According to stipulations of Chinese Aviation Authority, manufacture of civilian airport equipment is licensed. Companies with permit number 55, turning out 52 kinds of products with 264 specifications. In the Tenth-Five-Year Plan period, 40 airport projects will be implemented. Estimates for the next 10 years increase is 10% each year, adding to the increasing demand for special equipment of airport. The company is working on a survey vehicle for testing the friction data of runways of airport to make sure the runways are safe for take-off and landing. China used to import this kind of vehicle from U.S. and Denmark, spending 2 million yuan to buy one for large airport in China. The need for them will be bigger as China develops its aviation industry. Especially when Chinese Government attaches great importance on the development the Western areas of China where over 20 airports will be built.

Briefing to the Chinese Enterprise:

Tianjin Airport Equipment Manufacturing Co. Ltd was established in Sept. in 1999. It combines manufacture, teaching and research. It was formed by Tianjin Tai Cheng Co. Ltd attaches great importance and Chinese Academy of Civilian Aviation. Its registered capital comes to 6 million yuan with 306 million from the Academy, 51% 294 million yuan from Tai Cheng, or 41%. It was registered in the Science and Industry Park of Beicheng District, Tianjin New Hi-tech Area. It is main involved in research, development, sales, and maintenance of Civilian airport ground equipment. The company has already obtained. The company has already obtained its production permit for vehicle surveying the runway friction fraction.