St Tsann Kuen B (200512) 2007 First Half Year Report

1. Important:   Tsann Kuen Industrial Co., Ltd. Xiamen, semi-annual report 2007

Important: The Board of Directors, supervisors and directors, supervisors and senior management to ensure the information contained in this report there is no false record, misleading statement or major omission, and the authenticity of the content, accuracy and completeness and joint and several liability.

None of the directors, supervisors and senior managers declare semi-annual report on the authenticity, accuracy and completeness can not guarantee or the existence of disagreement.

All directors attended the Board of Directors

. Chairman Mr. Cai Yuansong, accounting manager, Mr. Cai Qingyu statement: to ensure a semi-annual report, financial reports are true and complete.

Semi-annual report of the company’s unaudited.

One?’s Basic briefing 1. Company Name (Chinese): Xiamen Tsann Kuen Industrial Co., Ltd.

Company Name (English): TSANN KUEN (CHINA) ENTERPRISE CO., LTD

Company Name (abbreviation): TKC 2. Company Legal Representative: Yuan-Chung Tsai

3. Board Secretary Name: Luo Qingxing

Secretaries to directorate Address: Xiamen City, Xinglong Road, Huli Industrial Zone, No. 88

Board Secretariat Tel :0592-5600887 Board Secretary Fax :0592-5600886 Secretaries to directorate E-mail: allenlo@tkl.tsannkuen.com

Securities on behalf of Name: SUN the United States and the United States

Securities Services Representative Address: Xiamen City, Xinglong Road, Huli Industrial Zone, No. 88

Securities on behalf of Tel :0592-5681819

Securities on behalf Fax :0592-5600886 Securities on behalf of E-mail: mm_sun@tkl.tsannkuen.com

4. Registered Address: The People’s Republic of China, Xiamen

Office Address: Xiamen City, Xinglong Road, Huli Industrial Zone, No. 88

Postal Code: 361006 URL: www.tsannkuen.com E-mail: allenlo@tkl.tsannkuen.com 5. Information Disclosure Newspapers: Domestic – <Securities Times foreign – "Hong Kong's Ta Kung Pao

Semi-annual report published in the website: www.cninfo.com.cn

Semi-annual report prepared by Home Location: Xiamen City, Xinglong Road, Huli Industrial Zone, No. 88

6. Stock Exchange Listing: Shenzhen Stock Exchange

Stock abbreviation: * ST Tsann Kuen B

Stock code: 200 512 7. First registration date and place: January 1, 1988, Xiamen

Business license registration number: 350200400001420 Tax Registration Certificate Number: 35020661202170 Tax foreign words

Accounting firm employed by: Lee Arthur Andersen accounting firm Long

CPA Office: Balizhuang Xili, Chaoyang District, Beijing, 100 East 20th floor, Building 1, Room 2008

2? Accounting data and business data summary

(A)? Major accounting and financial data and financial indicators

Unit: RMB Yuan Project this reporting period the previous year end of the reporting period the previous year end

Change (%) After adjustment before adjustment after adjustment before adjustment

3,276,714,038.20 3,673,291,337.16 3,669,047,892.44

total assets (10.80) (10.69)

Equity (or equity) 251,390,520.73 203,019,498.29198,776,053.57 23.83 26.47

0.2260 0.1825 0.1787 Net assets per share 23.84 26.47

Reporting period (January-June) of this reporting period a year earlier changes in the previous year

(%) Before adjustment before adjustment adjustment adjustment

45,958,411.94 22,369,803.56 22,369,803.56

Operating profit 105.45 105.45

Total 68,736,145.46 24,168,198.02 24,774,404.41

Profit 177.45 184.41 48,238,104.18 1,819,792.86 2,425,999.25 2,550.75 1,888.38 net profit

After deducting non-recurring gains and losses net profit of 26,691,008.75 (11,441,293.65)

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