OPERATING LEASE

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Note 11 - OPERATING LEASE

Shaanxi Changjiang entered into a lease agreement for the lease of its office space in February 2011 for two years expired on March 1, 2013. The agreement was renewed in February 2013 for an additional year with the annual lease payment increased to RMB100,000 (approximately $16,084). The agreement was further renewed in 2014 to extend the expiration date to April 30, 2015 with annual lease payment remained unchanged.

Rental expense for the years ended December 31, 2015 and 2014 was $8,256 and $19,200, respectively.