Strategic Cooperation Agreement (English Summary)

EXHIBIT 10.23

Strategic Cooperation Agreement

(English Summary)

Under the principle of sincere cooperation, equal and mutual benefit and common development, Party A and Party B enter into the following Strategic Cooperation Agreement through friendly negotiation:

Section 1. Both Parties agree to establish permanent and reliable strategic cooperation partnership.

Party A regards Party B as a key client and sufficiently supports its development, provided it is permitted under state rules, regulations and financial policies, Party A shall provide Party B with various financial service and support in priority.

Party B regards Party A as an important permanent cooperation partner and chooses Party A as the main bank for its financial business.

Section 2. Party A shall provide Party B with excellent and efficient financial service in the following fields, including but not limited to:

(1) Upon Party B’s request, Party A hereby agree that it will grant Party B such credit facility that is five to ten times of the guaranty amount which is deposited in the account of Party A by Party B. To use such credit facility, Party A shall investigate and evaluate Party’s B’s specific investment project pursuant to “Law of Commercial Banks,” “General Principles of Loans” and Party A’s measures of loans and evaluations, and then decide whether to extend credit facility upon the result of such evaluation and status of such program.

(2) Upon Party A’s authorization, to the extent that it satisfies Party A’s credit policies, Party A shall provide Party B with service of factoring and assist Party B in its financial management and provide channels of financing.

(3) Provide financial services tailored to Party’s B’s specific needs during Party B’s i