June 30, 2012

September 30, 2011

a) Loan payable to Nanchong City Bureau of Finance due on demand, fixed interest rate of 0.465% per month

$

629,414

$

626,537

b) Loan payable to Bank of Nanchong due on January 4, 2013, at fixed interest rate of 0.60133 and 0.465% per month

786,767

783,171

c) Individual loans from various investors

100,000

d) Individual loans from unrelated parties, which were converted into equity in November 2011 (see Note 13)

-

1,253,917

e) Individual loans from unrelated parties at monthly interest rates of 1%-6%,maturing in 2012 and 2013

1,234,438

469,903

f)Loan payable to Evergrowing Bank at a floating rate, due on April 15, 2013

708,090

-

Total Short Term Loans

$

3,458,709

$

3,233,528

a) Individual loans from unrelated parties bearing no interest, maturing in 2013 and 2014

$

-

$

430,009

b) Individual loans from unrelated parties at monthly interest rate of 2%-6%, due in August 2013 to 2014

452,405

117,476

Total Long Term Loans

$

452,405

$

547,485