SALES REVENUE - RELATED PARTY

6 Months Ended

Jun. 30, 2014

Notes to Financial Statements

Note 11 - SALES REVENUE

The Company entered into a lease and complementary agreements with the related company Shaanxi Huanghe Bay Springs Lake Theme Park Ltd (“Huanghe”) dated July 26, 2010. According to the agreements, a piece of land with the area of 5,706,666.67 square meters was leased to Huanghe for traveling and amusement from January 1, 2011 to December 31, 2029. The annual rent in US dollars is approximately $1.2 million (equivalent to RMB7, 500,000). The rent revenues of $612,260 and $306,113 were recognized for the six and three months ended June 30, 2014, compared with the rent revenues of $601,723 and $303,023 for the six and three months ended June 30, 2013.