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EXHIBIT 4.7
Joint Venture Corporation
“Dongguan Kwan Hong Electronics Company Limited”
Supplementary Agreement Four
(Translation)
Dongguan Cheung On Lan Hong
Electronics Development Company (“Party A”) and Hong
Kong Kwanasia Electronics Company Ltd (“Original Party
B”) established the joint venture corporation, Dongguan Kwan
Hong Electronics Company Ltd (“Joint Venture
Corporation”) in Cheung On, Dongguan. The Joint Venture
Corporation is approved by the Dongguan Foreign Economic Bureau
under the approval document [1997] No.164. The original cooperation
agreement and supplementary agreements have been filed with the
Commercial and Custom departments for records. For the purpose of
business development and with the consent of the Board of
Directors, the following supplementary terms are
supplemented:
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1.
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Original Party B withdraws from the
Joint Venture Corporation and transfer all its investment and share
ownership to Integrated International Limited (“Party
B”). Party B would settle the transfer consideration to the
Original Party B within one month upon the issuance of the new
Business License amended for the change in ownership. After the
share ownership transfer, Original Party B has no relation with all
the operation activities, rights and obligations of the Joint
Venture Corporation. These should be responsible by Party A and
Party B.
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Registered address of Party B:
Offshore Chambers, PO Box 217, Apia, Samoa.
Director: Tam Man Chi, Nationality: Chinese (Hong Kong)
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2.
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After the share ownership transfer,
the Joint Venture Corporati
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