First, construction scale and major construction elements: the project has three phases and the first one constructs integrated services building, research and development centers and specialists’ apartments,

Second, the construction period: 2005-2008.

Third, the total investment and capital structure: the total investment is 150 million Yuan.

Fourth, project progress and the investment plan of 2007: the preparatory work is going on. In 2006, the total investment is 20 million Yuan and in 2007 the planned investment is 50 million Yuan.

Fifth, the forecast benefits: after completion of the project, a system will be formed which serves for the research and development of the complete major projects, intellectual property transactions and technology conversion. The institute in Guangzhou will become the best industrial technology research and development platform with international standards. The institution will directly enhance and influence the competitiveness of a batch of industrial enterprises.