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BACK GROUND

       1.COMPANY NAME: DALIANHENGCHANG ENTERPIRSE CO.,LIMITED

       2.REGISTERED OFFICE ADDRESS:

         HEAD OFFICE: DALIAN PORT,CHINA
         ADDRESS:RM 1711,HABOUR VIEW PALACE,DOUBLE FIVE ROAD,ZHONGSHAN DISTRICT,
                 DALIAN,LIAONING PROVINCE.CHINA
         TEL FOR DOMESTIC:400 8406 888
         PRESIDENT TEL:86-411-39992888

         TEL:86-411-39992888 39992877 39992866 39992855
               86-411- 82820518 82820528 82820538 82820558
        
 FAX:86-411-39992899 83895898
         E-MAIL: charter@hengchang-enterprise.com.cn
                  charter@hengchang-shipping.com.cn
         HTTP://www.hengchang-enterprise.com.cn
               //www.hengchang-shipping.com.cn
         POSTALCODE: 116001

         BRANCH OFFICE:BAYUQUAN PORT,CHINA
         ADDRESS:RM.320 MARINEBUILDING , YINGKOU ECONOMIC&TECHNOLOGICAL
                 DEVELOPMENT ZONE
         TEL:86-417-6151888 6150888 6151999 6150999
         FAX:86-417-6140958 6150958

       3.HISTORICAL BACKGROUND

        -BOARD OF DIRECTOR:
MR.LAWRENCE CHEN
        -PAID-UP CAPITAL: RMB5,000,000.00
        -BRIEF INTRODUCTION :

        DALIAN HENGCHANG ENTERPRISE WAS ESTABLISHED IN 1998,SPECIALIZED IN SHIPPING
        BROKERAGE AND CHARTERING N FOR WORLD TRANSPORTATION OF DRY BULK CARGO.WE’RE
        STAFFED BY YOUNG,HIGHLY SKILLED AND ENERGETIC PERSONNEL WITH POSITIVE ENTERPRISEING
        AND OPTIMISTIS UPWARD WORKING ATMOSPHERE.

        THE COMPANY ENJOYED A HIGH REPUTATION IN CARGO CANVASSING AND SHIP CHARTERING
        THROUGH NON-STOP ENDEAVORING,WELL-EXPERIENCED AND CLOSELY CO-OPERATING TEAM
        WORK.WITH HUNDREDS OF SHIPPING COMPANIES AS WELL AS COMMERCIAL ENTERPRISES ALL
        OVER THE WORLD.ANNUAL CARGO HANDLING CAPACITY IS MORE THAN 3 MILLION TONS,
        INCLUDING STEEL PRODUCTS,FERTILIZER,COAL,CEMENT AND MINERALS ETC.TRADING AREA
        COVERS INDIA, MID-EAST,JAPAN,KOREA,SOUTH-EAST ASIA,EUROPE,AMERICA CONTINENT,
        EUROPE AND AFRICA ETC.

        DALIAN HENGCHANG ENTERPRISE WILL CONSTANTLY ADHERE TO THE PRINCIPAL OF “CLIENTS
        PARAMOUNT,INFORMATION PROMPT,OPERATION STANDARD,SERVICE FIRST.”WE’VE ALWAYS BEEN
        DEVOTING OURSELVES TO SETTING UP A GLODENBRIDGE BETWEEN THE SHIPPERS AND OWNERS
        THROUGH OUR HONEST AND GREAT EFFORTS.WE SINCERELY HOPE TO HAVE A HAND-IN-HAND
        COOPERATION WITH THE FRIENDS ALL OVER THE WORLD SO AS TO PROMOTE OUR MUTUAL BENEFIT
        AND DEVELOPMENT.

       4.INTRODUCTION ON BISINESS SCOPE

        1)N.CHINA TO INDIA:STEEL COIL/BILLET/PLATE
        2)N.CHINA TO MIDDLE EAST:STEEL COIL/H-BEAM/ANGEL/WIRE ROD
        3)N.CHINA TO EUROPE/AMERICA:STL COIL/WIRE ROD/H-BEAM
        4)N.CHINA TO KOREA/TAIWAN:STEEL BILLET/PLATE/COIL/WIRE ROD/H-BEAM/CHEMICALS/MINERALS
        5)S.CHINA TO VIETNAM/INDONESIA:STL COIL/H-BEAM/WIRE ROD

       5.MAIN ACTIVITIES:

        ***STL PRODUCTS***
        *STEEL COIL
        -XINGANG,QINGDAO                   → SE ASIA
         CGO Q’TY :5000-10000MT
        -XINGANG,QINGDAO,SHANGHAI          → INDIA (KANDLA/MUNDRA/MUMBAI)
         CGO Q’TY: 15000-35000MT/SHIPMENT
        -XINGANG,QINGDAO                   → BANDAR ABBAS,KARACHI
         CGO Q’TY:5000-15000MT
        -BAYUQUAN,DALIAN,XINGANG           → EUROPE(RAVENNA,BILBAO,ANTWERP,NEWPORT)
         CGO Q’TY:5000-20000MT/SHIPMENT
         *STEEL PLATE & STEEL PIPE
        
 -DALIAN,XINGANG,QHD,HUANGPU       → KOREA& SE ASIA 
          CGO Q’TY:2000-15000MT
         -XINGANG,SHANGHAI                 → INDIA PGGULF
          CGO Q’TY:2000-5000MT
         -XINGANG,QINGDAO,LYG,SHANGHAI     → MED SEA & CONTINENT
          CGO Q’TY:5000-15000MT
         -BAYUQUAN,DALIAN,XINGANG          → S AMERICA
          CGO Q’TY:2000-5000MT

         *STEEL BILLET & STEEL SLAB:
        
 -BAYUQUAN,DALIAN,QINHUANGDAO      →KOREA &TAIWAN & SE ASIA
          CGO Q’TY: 5000MT/SHIPMENT
         -BAYUQUAN,XINGANG                 →PG GULF
          CGO Q’TY:10000-30000MT/SHIPMENT

        ***OTHER STEEL PRODUCTS(H BEAM & WIRE ROD & ROUND BAR & D.BAR)
        -BAYUQUAN,XINGANG                 → SE ASIA
         CGO Q’TY:3000-15000MT
        -XINGANG                          → INDIA
         CGO Q’TY:3000-10000MT
        -BAYUQUAN,XINGANG                 → MIDDLE EAST
         CGO Q’TY:3000-15000MT
        -XINGANG,QINGDAO                  → EUROPE(TARTOUS,ANTWERP)
         CGO Q’TY:1500-5000MT

        ***MINERALS***
        -BAYUQUAN                         → KOREA & TAIWAN & SE ASIA
         CGO Q’TY:2000-10000MT
        -BAYUQUAN                         → INDIA & EUROPE
         CGO Q’TY:1500-5000MT
        -PHIL ,VIETNAM,INDONESIA          → XINGANG & LIANYUNGANG &HUANGPU
         CGO Q’TY:3000-15000MT
        -EC INDIA /WC INDIA               → XINGANG & LIANYUNGANG & FANGCHENG
         CGO Q’TY:15000-50000MT

        ***CHEMICALS&FERTILIZER*** 
        -BAYUQUAN,DALIAN,QINHUANGDAO      → KOREA & SE ASIA
         CGO Q’TY:5000MT-15000MT
        -ZHENJIANG,NANTONG                → KOREA & SE ASIA & MIDDLE EAST
         CGO Q’TY:5000MT-15000MT
        -BEIHANG,FANGCHANG,ZHANJIANG      → SE ASIA & CHITTAGONG
         CGO Q’TY:5000-20000MT
        -LONGKOU,QINGDAO                  → INDIA
         CGO Q’TY:5000-10000MT

        ***COAL ***
        -VIETNAM                          → NANJING & GUANGZHOU
         CGO Q’TY:5000-15000MT
        -INDONESIA                        → TIANJING & GUANGZHOU
         CGO Q’TY:10000-30000MT
        -RUSSIA                           → SHANGHAI & NANTONG
         CGO Q’TY:5,000MT-20,000MT
        -DPR KOREA PORTS                  → N CHINA & S CHINA
         CGO Q’TY:3,000MT-10,000MT
        *COKE/PET COKE
        -BYQ,JINZHOU,XINGANG              → JAPAN & INDIA & EUROPE(COKE)
         CGO Q’TY:2000-10000MT
        -BYQ,JINZHOU,XINGANG              → JAPAN & TAIWAN(PET COKE)
         CGO Q’TY:5000-15000MT
        -BYQ,JINZHOU,XINGANG              → MIDDLE-EAST & AFRICA
         CGO Q’TY:5000-20000MT

        ***CEMENT & CLINKER***
        -BAYUQUAN,RIZHAO,LANSHAN,LONGKOU  →BANDAR ABBAS & UMM QASR &AFRICA
         CGO Q’TY:10000-30000MT
        -LIANYUNGANG,NANTONG,BASUO        →YEMEN & KARACHI & MID-EASTPORTS
         CGO Q’TY:10000-30000MT
        -ZHENJIANG                        → DUBAI & INDIA & AFRICA
         CGO Q’TY:10000-30000MT

        ***AGRICULTURAL PORDUCTS***
        -QHD,XINGANG,DALIAN               → KOREA & SE ASIA
         CGO Q’TY:1500-5000MT
        -DALIAN                           → MIDDLE EAST
         CGO Q’TY:5000-15000MT
        -THAILAND, VIETNAM                → LIANYUGANG & RIZHAO(TAPIOCA TRIPS)
         CGO Q’TY:5000-20000MT
        -INDONESIA ,PHIL                  → CHINA(AGRICULTURAL PORDUCTS)
         CGO Q’TY:10000-30000MT

       6.PART OF FIXTURES
        (SHOWFIVE ITEMS FR EACH ONLY)

        TO INDIA:
        -MV “PAN LEADER”       XINGANG-KANDLA        CGO Q’TY:15000MT
        -MV “FESTIVITY”        QD-MUNDRA             CGO Q’TY:33500MT
        -MV “KOPPER”           XINGANG-KANDLA        CGO Q’TY:10000MT
        -MV “PORTNARI”         XINGANG-MUMBAI        CGO Q’TY:5000MT
        -MV “AOYAMA”           QINGDAO-KANDLA        CGO Q’TY:20000MT

        TO SE ASIA
        -MV “N.S.ESPERANZA”    QINGDAO-BANGSAPHAN    CGO Q’TY:5000MT
        
-MV “BRIGHT MARINE”    BYQ-JKT               CGO Q’TY:10000MT
        -MV “KIANI SATU”       QHD-SURABAYA          CGO Q’TY:20000MT
        -MV “CAPETAN LEFTERIS” JINGTANG-KOHSICHANG   CGO Q’TY:20000MT
        -MV “VTC STAR”         QHD-BANGSAPHAN        CGO Q’TY:20000MT

        TO PG GULF:
        -MV “XIANGCHENG”       XINGANG-KARACHI       CGO Q’TY:5000MT
        -MV “GREIKE OLDENDORFF  XINGANG-KARACHI       CGO Q’TY:5000MT
        -MV “IKAL”             XG-DAMMAM             CGO Q’TY:8000MT
        -MV “BULK JUPITER”     XG-DUBAI              CGO Q’TY:3000MT
        -MV “SUNRISEOCEAN”     SHANGHAI-DUBAI        CGO Q’TY:3000MT

        TO EUROPE:
        -MV “SANTA MARIA1”     BYQ-RAVENNA           CGO Q’TY:25000MT
        -MV “HARMONIC PROGRESS”XG-MARGHERA           CGO Q’TY:5000MT
        -MV “CHIPOLBROK SUN”   XG-ANTWERP            CGO Q’TY:3000MT
        -MV “CHRYSSAK”         XG-ANTWERP            CGO Q’TY:10000MT
        -MV “LEJIN”            XG-LIVERPOOL          CGO Q’TY:2000MT

        TO AMERICA:
        -MV “AURORA AMETHYST”  DL-TAMPICO            CGO Q’TY:5000MT
        -MV “LEOPOLD STAFF”    XG-HOUSTON            CGO Q’TY:2000MT
        -MV “HAICHANG”         XG-TAMPICO            CGO Q’TY:3500MT
        -MV “RM DYNASTY”       XG-HOUSTON            CGO Q’TY:3000MT
        -MV “MISS KIKAKI”      XG-BUENAVENTURA       CGO Q’TY:3000MT

        STEEL PLATE
        -MV “DONG HUA MEN”     DALIAN-MUMBAI         DWT:26000MT
        -MV “SHANG YUAN MEN”   XG-DUBAI              DWT:26000MT
        -MV “FUHAI 9”          TAICANG-POHANG        DWT:2200MT
        -MV “TAIYUE”           TAICANG-INCHON        DWT:2200MT
        -MV “TIANDA”           QHD-POHANG            DWT:3300MT

        *OTHER STL PRODUCTS(WIRE ROD/STL ANGLE/STL PIPE)
        -MV “CAPETAN LEFTERIS” JINGTANG-KOHSICHANG   DWT:52000MT
        -MV “YEON MIN”         QHD-MANILA            DWT:6500MT
        -MV “VOYAGER V”        XG-SINGAPORE          DWT:22000MT
        -MV “SPAR EIGHT”       XG-JKT+SINGAPORE      DWT:36000MT
        -MV “FUYANG”           XG-SINGAPORE          DWT:19000MT

        ***CHEMICALS
        A:AMMONIUM SULPHATE,AMMONIUM CHLORIDE,MAGNESIUM SULPHATE

        -MV “GOLDEN STAR”      DALIAN-BINTULU+SANDAKAN  DWT:17000MT
        -MV “XIANGLING”        DALIAN-BINTULU           DWT:8000MT
        -MV “YANGBING”         XG-SANDAKAN+LAHADDATU    DWT:6000MT
        -MV “CHANGSHOU”        XINGANG-PASIRGUDANG      DWT:5500MT
        -MV “HEBEI FRENDSHIP”  DALIAN-BKK               DWT:25000MT

        B:UREA,SALT,SODA ASH
        -MV “J.SPRING”         DALIAN-PASIRGUDANG   DWT:6000MT
        -MV “AI PU SHUN”       DALIAN-SANDAKAN      DWT:7700MT
        -MV “HAEKWANG”         BYQ-KUANTAN          DWT:6500MT
        -MV “GAN BAEK SAN”     ZHENJIANG-BANTAGAS   DWT:4500MT
        -MV “SEA HONOUR”       LYG-PASIR GUDANG     DWT:6200MT

        ***COAL +MINERALS +G.CGO
        -MV “GLORY C”          XG-JKT               DWT:48000MT
        -MV “SUNVAZS”          SHAKHTERSK-NANTONG   DWT:28000MT
        -MV “GLOBAL 8”         SONGRIM-KINNURA      DWT:3800MT
        -MV “FUQIANG”          XINGANG-ABBAS        DWT:16000MT

       7.PART OF COPARTNERS
        (SHOW EIGHT ITEMS FR EACH ONLY)

        *CHARTERER
        -BENXI IRON & STEEL (GROUP)CO.,LTD
        -ANGANG STEEL COMPANY LIMITED
        -TAIGANG GROUP INTERNATIONAL TRADE CO.,LTD
        -JIANLONG IRON & STEEL GROUP
        -TIANJIN IRON & STEEL CO.,LTD
        -BAOSTEEL CO.,LTD
        -COMMERCIAL METALS COMPANY
        -DUFERCO GROUP

        *OWNER/OPERATOR
        -STX PANOCEAN CO.,LTD
        -CHINESE-POLISH JOINT STOCK COMPANY
        -COSCO SHIPPING CO.,LTD
        -CPM Corporation Limited
        -Gearbulk Holding Limited.
        -OLDENDORFF CARRIERS
        -DAEWOO LOGISITICS
        -HYUNDAI MERCHANT MARINE(CHINA)CO.,LTD

        *BROKER:
        -CHINA NATIONAL CHARTERING CORP
        -CHANGAN SHIP MANAGEMENT LIMITED
        -EAST-SAILING INT'L SHIPPING CO.,LTD
        -ANFARI SHIPBROKERING&AGENCY LIMITED
        -TONGLI SHIPPING CO.,LTD

        CHEMICALS:
        -SINOCHEM LIAONING
        -YINGKOU MAGNESITE CHEMICAL LIND(GROUP)CO.,LTD
        -TIANJIN SODA PLANT
        -TANGSHAN SANYOU CHEMICAL INDUSTRIES CO.,LTD
        -RUISING CHEMICALS PTE LTD

        *OWNER/OPERATOR
         5000MT-6000MT SIZE
        -YANTAI YUANDA INT L SHIPPING MANAGENMENT CO.,LTD
        -YANTAI HUADU SHIPPING CO.,LTD
        -ANHUI MARINE CO.LTD
        -FUHAI SHIPPING CO.,LTD
        -JANGHA MARINE CORPORTION SEOUL

        SMALL HANDY:
        -FUHFUG NAVIGATION AGENCY LTD
        -NORTH CHINA LINES
        -HYUNDAE EXPRESS CO.LTD SEOUL
        -ARK SHIPPING
        -HONGYUAN SHIP MANAGEMENT CO.,LTD

        HANDYSIZE/HANDYMAX:
        -PACIFIC BASIN SHIPPING(HK)LIMITED
        -DONGNAMA SHIPPING CO.,LTD
        -FIVE STAR GLOBAL SHIPPING CO.,LTD
        -CHANGBAI SHIPPING CO.,LTD
        -JINYANG SHIPPING CO.,LTD

        PANAMAX SIZE
        -STX PANOCEAN CO.,LTD
        -NAVALMAR(UK)LTD
        -OLDENDORFF CARRIERS
        -TMT COMPANY LITMITED
        -TRANSFIELD ER GROUP

       END

Copyright(C) 1998-2014 DALIAN HENGCHANG ENTERPRISE CO.,LIMITED. All Right Reserved.
E-mail:charter@hengchang-enterprise.com.cn
T:86-411-39992888 F:86-411-39992899