Exhibit
2.1
Asset
Purchase Agreement
Party
A: Wuhan Blower Co., Ltd.
Party
B: Wuhan Gongchuang Real Estate Co., Ltd.
Through
friendly negotiation, Party A and Party B agree to the following
terms and conditions concerning the acquisition of the assets of
Wuhan Shukong Co., Ltd., which is owned by Party B.
I.
Acquisition Terms
1.
Ownership of assets: The said assets of the agreement were legally
owned by Party B, which Party B shall transfer to Party A after the
completion of the transaction. The Party A shall have no legal
obligation to the liabilities and/or legal burden imposed on the
subject assets.
2.
Arrangement of staff: Party A will acquire only these physical
assets and have no legal obligation regarding the arrangement of
the existing staff.
II.
Acquisition Procedures
1.
Inventory of assets: Party B shall first undertake an inventory of
all the physical assets and provide an inventory record for the
review of Party A. During the inventory, Party B shall determine
the quantity and not the value of the assets.
2.
Pricing of assets: The value of the assets shall be appraised by an
independent qualified valuator commissioned by both parties hereto.
The transaction price shall be decided on the basis of the
valuation and through friendly negotiation between the
parties.
3.
Transfer of assets: After verifying its accuracy, the parties
hereto shall jointly sign and stamp the inventory record.
Thereafter, Party A s
