EXHIBIT 1

                                                          Joint Filing Agreement

                             Joint Filing Agreement
                            Dated as January 16, 2004

         In accordance with Rule 13d-1(k)(1)  under the Securities  Exchange Act
of 1934, as amended, the undersigned hereby agree to the joint filing by Chuquan
Li and Yue Ke International  Development  Limited on behalf of each of them of a
statement on Schedule 13D (including  amendments thereto) with respect to shares
of Common  Stock,  $0.01 par value per  share,  of Minghua  Group  International
Holdings  Limited,  and that this  Agreement  be  included as an Exhibit to such
joint filing.

         Each  of  the  undersigned,  hereby  appoints  Chuquan  Li  as  his/its
attorney-in-fact  to sign in his/its name and behalf,  in any and all capacities
stated  below,  and to file with the  Securities  and Exchange  Commission,  the
Schedule 13D that this Joint  Filing  Agreement is an exhibit to and any and all
amendments to such Schedule 13D.

         This  Agreement  may be executed in any number of  counterparts  all of
which taken together shall  constitute  one and the same  instrument.  Facsimile
execution  and delivery of this  agreement  is legal,  valid and binding for all
purposes.

         IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of
the date first above written.


                                /s/ Chuquan Li
                                ---------------------------------
                                Mr. Chuquan Li

                                YUE KE INTERNATIONAL DEVELOPMENT LIMITED

                                By: /s/ Chuquan Li
                                    ---------------------------------
                                    Mr. Chuquan Li
                                    President