SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (TABLES)

12 Months Ended

Dec. 31, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (TABLES)

Property, plant and equipment expected usefull life

	Expected useful life	Residual value
Plant and machinery	5-10 years	5%
Motor vehicles	5 years	5%
Office equipment	3-5 years	5%

Foreign currencies translation RMB into USD

Translation of amounts from RMB into US$1 has been made at the following exchange rates for the respective year: 

	2012	2011
Year-end RMB:US$1 exchange rate	6.2855	6.3523
Annual average RMB:US$1 exchange rate	6.3108	6.4544