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EXHIBIT 4.8
Joint Venture Corporation
“Dongguan Kwan Hong Electronics Company Limited”
Supplementary Agreement Five
(Translation)
Dongguan Cheung On Lan Hong
Electronics Development Company (“Original Party A”)
and Integrated International Limited (“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 relevant Commercial and Customs
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 A withdraws from the
Joint Venture Corporation and stops providing cooperation
conditions to the Joint Venture Corporation, and transfer all its
equity interest in the Joint Venture Corporation to Dongguan Hong
Xin Electronics Company Limited (“Party A”). Party A
would settle RMB2,000,000 (TWO MILLION RENMINBI) to Original Party
A within one month upon the issuance of new Business License
amended for the change in ownership. After the share ownership
transfer, the total investment in the Joint
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