EX-4.12 EQUITY INTEREST TRANSFER AGREEMENT

Exhibit 4.12 (English Translation) Ningbo Yuming Machinery Industrial Co., Ltd. EQUITY INTEREST TRANSFER AGREEMENT TRANSFEROR: Ms. Chen Qiuling TRANSFEREE: Beston Asia Investment Ltd. October 19, 2004 1 This Agreement is entered into between the following Parties on October 19, 2004 in Ningbo City, Zhejiang Province: Transferor: Ms. Chen Qiuling Address: Hsinchu City, Taiwan Transferee: Beston Asia Investment Ltd. Address: Akara bldg, 24 De Castro Street, Wickhams Cay I, Road Town, Tortola, British Virgin Islands WHEREAS: 1. The Transferor owns 49% equity interest in Ningbo Yuming Machinery Industrial Co., Ltd. ("Ningbo Yuming"). 2. The Transferee is a limited liability company lawfully incorporated and validly existing under the laws of the British Virgin Islands. 3. The Transferor has agreed to transfer 49% equity interest in Ningbo Yuming owned by the Transferor to the Transferee, and the Transferee has agreed to accept transfer of such equity interest, upon the terms of this Agreement. After the transfer becomes effective, the Transferee shall own 100% equity interest in Ningbo Yuming. Therefore, the Parties agree, adhering to the principles of faithfulness, equality and mutual benefit, through friendly consultations and in accordance with the relevant laws and regulations of the People's Republic of China, upon the following terms to be complied with. ARTICLE 1 SUBJECT MATTER OF AGREEMENT 1.0 The subject matter of the agreed transfer under this Agreement is the 49% equity interest in Ningbo Yuming owned by Ms. Chen Qiuling. ARTICLE 2 SHARE OF EQUITY INTEREST TO BE TRANSFERRED 2.1 The share of equity interest to be transferred from the Transferor to the Transferee shall be the 49% equity interest in Ningbo Yuming owned by the Transferor. From the date on which the transfer becomes effective, the Transferee shall enjoy the rights and bear the obligations in respect of the transferred equity interest under the laws, and the Transferor shall no longer enjoy the rights nor bear the obligations in respect of the transferred equity interest. 2 2.2 The original equity interest in Ningbo Yuming Machinery Industrial Co., Ltd. was allocated as follows:

The equity interest after completion of the equity interest transfer hereunder shall be:

ARTICLE 3 PRICE FOR EQUITY INTEREST TRANSFER 3.1 The Transferee has agreed to accept transfer of the 49% equity interest in Ningbo Yuming owned by the Transferor by payment in cash. 3.2 The Transferee shall pay a total amount of Renminbi 10,000,000 for transfer of the above-mentioned equity interest. ARTICLE 4 PAYMENT METHOD 4.1 As agreed between the Parties, the Transferee shall pay in cash for transfer of the 49% equity interest in Ningbo Yuming owned by the Transferor. 4.2 Prior to November 30, 2004, the Transferee shall pay to the Transferor the total price for the equity interest transfer in the amount of Renminbi 10,000,000 or an equivalent in U.S. dollars by a lump sum payment. In case the procedures for transfer of the equity interest are not completed within fifteen days after payment, the Transferor shall return the payment to the Transferee within seven days upon receipt of written notice from the Transferee. ARTICLE 5 REPRESENTATIONS AND WARRANTIES Each Party represents and warrants to the other Party as follows: 5.1 Each Party has the full civil rights and ci