NEW EAST GRACE INTERNATIONAL CO. LTD. - Jiangsu

New East Grade International Corporation is one of the largest comprehensive foreign-trade oriented enterprise groups in Wuxi City, integrating trade, industry, science, and technology. We are mainly engaged in textiles, metals, minerals, machines and equipment, industrial and agricultural tools, medicine, chemicals, and electronics. We also handle assets management, domestic trade, consultation, intermediate services, and customs and inspection services. We are under direct authorization from the Wuxi State Assets Committee and own 21 holding or participating enterprises. With total assets of USD72,500,000 and net assets of USD20,000,000, we employ more than 1,000 people. Through years of efforts, we have deep-processed and high value-added first products, a stable customer group, and an  

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inclusive domestic and overseas sales network. We have established good trade relationships with companies in more than 100 companies, and have stable marketing bodies in Hong Kong, Vietnam, the United States, and Australia. In 2001, we reached and import and export volume of USD139.15 million, sales income of USD120,000,000, and profits of USD4,000,000. Our company has been listed under "China Top 500 Import/Export Enterprises" and "China Top 200 Export Companies" for the past 10 years. Provincially, we were also named a "Jiangsu Key Exchange-Creating Enterprise" and "Jiangsu Civilized Unit" several times. We are now in the process of implementing our middle-long-term development strategy: innovation and reform, refreshing ideas, economic trade strategies, diversifying markets, and promoting trade through science and technology. Our aim is to become a comprehensive foreign trade oriented group handling all aspects of the industry. For more information, please visit our website or contact us directly with your questions or inquiries.