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                     Announcement on Bidding the Right to Use a State-Owned Land for Construction in Qingdao 
      Note:The board of directors of this company and all directors are responsible in ensuring the accurateness, truthfullness and completeness of the     announcement and bear joint and several liabilities for any false record, misleading statement o r major omission herein。
      As examined and adopted on the first interim meeting of 2010 of the 9th Board Meeting held on March 8th,2010 b y Inzone Group Company Ltd (hereinafter referred to as Company), Company participated in vying for purchasing the right to use a state-owned land for construction located in the north of Xiangyang Road, east of Zaoyuan Road, west of Xiazhuang Road and south of Yuantou Road, Lichang District of Qingdao city, transferrd publicly b y Bureau of Land Resources and Housing Management of Qingdao Municipality in the way of auction。
      On March 12,2010, Company signed Sales Confirmation with Bureau of Land Resources and Housing Management of Qingdao Municipality, comfirming that Company purchased the abovementioned plot with the land value of RMB 5900 yuan per square meter and the total price of 874,108,600 yuan。
      The basic information and planning target of this plot:
      Plot Number:I-D-2010-6-L
      Location:the north of Xiangyang Road, east of Zaoyuan Road, west of Xiazhuang Road and south of Yuantou Road
      Purpose:Residence
      Due to the fact that the matter above is beyond the power limits of Company’s Board of Directors, Company plans to convene an interim general meeting of stockholders soon for the examination and confirmation of the matter。    The details of the meeting will be given by other notifications。
                                                                           

                                                                                                                    Board of Directors of Inzone Group Company Ltd

                                                                                                                                                     3  16  2010