Establishment of Joint Stock Limited Company: Wuxi Life Science and Technology Development Co., Ltd.

Wuxi Municipal Government and China Worldbest Group Co., Ltd. decide to jointly establish and build the Life Science and Technology Park in Wuxi National New and High Technology Industry Development Zone (called Wuxi Life Science and Technology Park), and to change the pattern of government-oriented development in the past into a new one of total enterprise-oriented development. For the purpose, relevant enterprises in Wuxi and the likes in China Worldbest Group are directed to jointly establish by promotion Wuxi Life Science and Technology Development Co., Ltd. as the development and management enterprise of Wuxi Life Science and Technology Park. (It is the first enterprise-oriented company of development and management in hi-tech development zones.) Mr. Chamber Yang provides legal services for the establishment of the company and acts as its legal advisor.

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