Project Brief
1.1 Project Brief

The planned water sports center consists of indoor and outdoor gyms and amusement facilities, a stadium and a sports museum, covering a land area of approximately 3 hectares. After completion of the projec t, which will start construction in 2003, it will meet the needs for various water events and Games-related activities during the Olympic Games and serve as a unique water sports center after the Games. The area will become a multifunction attraction and serve the development of the Central Business Area of the city.

1.2 Investment Methods: JV, sole investment or else
1.3 Total Investment & Ratio between Investments

Total investment: About USD25 million The ratio can be determined through negotiation.

1.4 Foreign Investment Items: funds, materials, equipment or other
1.5 Location: Beihai Shipyard, Yanerdao Road, Qingdao & seaside areas
1.6 Construction Period: 2003~2008
1.7 Project Progress: Under planning
A profile of the Chinese Investor
2.1 Name：Qingdao Dong Ao Group
2.2 Legal Address：47 Donghai West Road Qingdao city
2.3 Legal Representative：Wang Dong Chu
2.4 Ownership：State owned
2.5 Enterprise introduction
Founded in November 2001, Qingdao Dong'ao Group Corp is directly under the jurisdiction of the Qingdao Municipal Construction Commission, focusing on the planning, design, investment invitation, development & construction, operation and management of the Fushan Cove and the Olympic Sites. The company has 6 functional divisions and several economic entities including a real estate company, a housing property management company, a hotel and a gas station, with registered capital of USD21.8 million and total assets of USD80 million. It has 50 administrative staff, 80% of which hold medium or senior technical titles.
2.6 Contact
Contact Person: Li Xiao Bin Li Ning
Address: Floor 25 No 39 Century Mansion, Donghai West Road, Qingdao City
Post Code：266071
Tel：+86-532-5796432
Fax：+86-532-5796423
E-mail: qdaoyzhb@public.qd.sd.cn