1 Project General
1.1 Project No.: 104
1.2 Project Contact Unit: Nanning Department Store Stock Co. Ltd.
1.3 Negotiating Representative: Huang Jianyan
Tel.: +86-771-2821333
Negotiating Representative: Gao Nailiang
Tel.: +86-771-2098619
1.4 Add: North Building of Nanning Department Store Stock Co. Ltd.
1.5 Total Investment: USD2.42 million
1.6 Anticipated Economic Benefits
Profit Margin of the Project Investment ： 30% ；
Project Internal Rate of Return ： 18.14% ；
Project Investment Recovery Period: 6 years
1.7 Pattern of Cooperation
Companies good at household electrical appliances and with good operation networks are hereby solicited to join in our cooperation through investment by cash to increase our stock (and can become the majority shareholder). It is expected to increase the stock to a registered capital of 30 million yuan.
2 Brief Introduction of the Project Contact Unit
Nanning Department Store Stock Co. Ltd. was founded in March of 2003, whose predecessor is Household Electrical Appliances of Nanning Department Store Stock Co. Ltd.
Registered Capital of the Company: RMB 10 million yuan
Business Scope of the Company: The business scope of the company covers the following fields: sales and management of household electrical appliances, office equipment, computer and network equipment and investment in chain supermarkets of household electrical appliances. The sales income for the total of nine months in 2003 reached 230 million yuan with a total profit of 4.20 million yuan and a total of 73 chain supermarkets within Guangxi. 
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