MEMORANDUM  OF  UNDERSTANDING
BETWEEN
MR.  NG  TUNG  WO  PAUL  AND  SHAREHOLDERS  OF  TUNG  SHING  DEVELOPMENT
LIMITED
AND
TAGALDER  (2000)  INCORPORATED

This  is  to  confirm  that  Mr.  Ng Tung Wo Paul and shareholders of Tung Shing
Development  Limited  ("Ng")  agree  to  sell  and  Tagalder (2000) Incorporated
("Tagalder")  agrees  to purchase 20% of the ownership of Tung Shing Development
Ltd.  ("TSD")  under  the  following  terms  and  conditions.


1.     "TSD"  is  a  Hong  Kong  registered  company:

        Certificate  No:     07178935-000-04-00-7
        Address:             Flat/RM  1706, Bonham  Trade CTR, 50 Bonham Strand,
                             Hong Kong

2.     "TSD"  is  owned  by  "Ng".

3.     "TSD"  is  in  the  business  of  investment,  import/export, and general
trading  in  the plywood business.  "TSD" confirmed that "TSD" has 51% ownership
in  Jiangxi  Tung  Shing  Plywood  Factory  Co.,  Ltd  ("TSPF").

4.     The  Price
As  agreed  by both parties, the purchase price of 20% of the ownership is fixed
at  C$1,113,208.

5.     The  Management

Both parties agree that Tagalder will elect one director to the board and retain
the  current  management  of  "TSD"  until  further  notice.

6.     The  Business

Both  parties  agree  to  further  develop  and expand the current core business
through  corporate  restructure  and  acquisition.

7.     Payment

Both  parties  agree  that  Tagalder  will  issue  common  shares to pay for the
purchase.





The  share  price:                  C$0.17
Total  new  shares  issued          6,548,280  shares.

8.     Options:

Tagalder  has  the  option  to purchase additional 20% for a total of 40% at the
same  terms  and  conditions  as  the  first  20%  within  six  months.

9.     Official  Approval

This  agreement  is  conditional  upon  the  following  official  approval:

Tagalder's  Board
Regulatory  Approval
Tagalder's  Shareholders

10.     Attachment

-     Last  3-year  Audited  Financial Statements of Tung Shing Development Ltd.
-     Certificate  of  Registration  of  Tung  Shing  Development  Ltd
-     Business  Executive  Summary
-     Evaluation

11.     This  Memorandum  of  Understanding  is  signed  on  January 8, 2001 by:

Signed by                                  Signed by
/s/ Tung  Wo  Paul  Ng                      /s/ Roger  Lam
_______________________                    _______________________________
MR.  NG  TUNG  WO  PAUL                    TAGALDER  (2000)  INCORPORATED


DATE:  JANUARY  8,2001                      DATE:  JANUARY  8,  2001