Defined contribution plan

9 Months Ended

Sep. 30, 2011

Defined contribution plan

18. Defined contribution plan

Pursuant to the relevant PRC regulations, the Company is required to make contributions to a defined contribution retirement scheme organized by a state-sponsored social insurance plan in respect of the retirement benefits for the Company’s employees. The only obligation of the Company with respect to the retirement scheme is to make the required contributions under the plan. No forfeited contribution is available to reduce the contribution payable in future years. The defined contribution plan contributions were charged to profit or loss. The Company contributed $82,614 and $63,169 during the nine months ended September 30, 2011 and 2010, respectively.