Loan Extension Agreement

Party A: Xinyang Hongchang Channel Gas Engineering Co., Ltd.

Party B: Luoshan Jinding Chemical Co., Ltd.

Party A, as the Controlling Shareholder (CS) of Party B, herewith signed the Loan Agreement with Party B in January 2005 in order to provide better financial support of Party B’s development, in which Party A has agreed to borrow a total of RMB 10,000,000 to Party B with 12 months as the loan term that shall be calculated by the actual loan period.

During the actual execution of this Agreement, Party A had issued the loan amount of RMB 10,000,000 to Party B in three batches to Party B, which were the