Balance Sheet

Consultation: Form 01

Preparation Unit: December 31, 2011 Unit: Yuan

Asset Bank Times Beginning balance Closing balance Liabilities and owner's equity Row Number Beginning balance Closing balance

Current assets Current liabilities

Monetary funds 1 277,771.84 194,770.24 Short-term borrowings 26 1,500, 000.00 500, 000.00

Notes receivable 2 Accounts payable 27

Accounts receivable 3 Accounts received in advance 28

Less: Bad debt provision 4 Other payables Accounts 29 600,000.00 589,578.26

Net accounts receivable 5 Salaries payable 30

Prepaid accounts 6 Benefits payable 31

Other receivables Payment 7 12,750.00 56,482.00 Unpaid taxes 32 37,026.51 36,583.59

Inventory 8 Unpaid profit 33

Including: Inventory goods 9 1,584,654.72 5, 724,992.88 Accrued expenses 34

Total current assets 10 1,875,176.56 5,976,245.12 35

Long-term investments: 11 Total current liabilities 36 2,137,026.51 1 , 126,161.85

Long-term investment 12 37

Fixed investment: 13 Long-term liabilities: 38

Original price of fixed assets 14 867,890.00 5,867,890.00 Long-term Borrowings 39

Less: Accumulated depreciation 15 38,238.53 57,357.80 Debt payable 40

Net fixed assets 16 829,651.47 5,810,532.20 Long-term payables 41

Construction in progress 17 Total long-term liabilities 42

Total fixed assets 18 829,651.47 5,810,532.20 Owners’ equity: 43

Intangible and deferred assets: 19 Paid-in capital 44 300,000.00 10,000,000.00

Intangible assets 20 Capital reserve 45

21 Profit for the year 46

Intangible and deferred assets Total 22 Undistributed profits 47 267,801.52 660,615.47

Other long-term assets: 23 Total owners’ equity 48 567,801.52 10,660,615.47

Other long-term assets 24 49

Total assets 25 2,704,828.03 11,786,777.32 Total liabilities and owners’ equity 50 2,704,828.03 11,786,777.32