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Exhibit 99-4
THE PEOPLE'S INSURANCE (PROPERTY) COMPANY OF CHINA, LTD.
Add: 69 Dongheyan Street, Xuanwumen Street, Beijing, China 100052
Tel/Fax: 010-63033589
COMPREHENSIVE POLICY OF PROPERTY INSURANCE (ORIGINAL) POLICY NO.0001714
Whereas Shenyang Haitong Real Estate Development Co., Ltd (hereinafter referred
to as 'the insured') has covered comprehensive insurance of property and
additional insurance _____________, and the insurance premium has been paid in
accordance with the insurance clause, we hereby issue the insurance policy and
agree to take the responsibility of the following insured properties in
accordance with clause of comprehensive insurance & clause of additional
insurance and other agreed terms.
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Insured Item Insured Value Insured Amount (yuan) Rate (0/00) Insurance premium
<S> <C> <C> <C> <C> <C>
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A, Huayang Mansion Appraised Value 400,000,000 2 800,000.00 (yuan)
Comprehensive
Insurance
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Specific
object to
be
Insured
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Total Insurance Amount : (In word) FOUR HUNDRED MILLION RENMINBI YUAN
(In Arabic figure) 400,000,000.00
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Additional
Insurance
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Total Insurance Premium: (in word) EITHT HUNDRED THOUSAND RENMINBI YUAN
(in Arabic figure) 800,000.00
Special statement: No damage will be paid if the agreed premium is not paid when
the insured accident happens.
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Insurance Period: from zero hour January 1, 1998 to twenty-four hour January 1, 1999
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Special agreed term: If goods and materials are stored in the shelves or platforms less than 30cm, any
damage or
loss caused by storm or flood will not paid.
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Address of the insured: 386 Qingnian Street, Heping District, Shenyang
Tel: 024-3841118
Post Code: The People's Insurance (Property) Company of China, Ltd. (seal)
(specific Seal for Insurance Division of Three-form Foreign
Investment Company
The People's Insurance (Property) Company of China, Ltd.
Shenyang Branch)
Business:
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Form of ownership:
Occupation and use:
Location of the property: same as the above Date: January 1, 1998
Number of address: one
Wang Yunfen
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(Assistant) Manager: Accountant: Checked by: Prepared by:
On receipt of the insurance policy, careful checking is suggested to ensure no
mistake and wrong spelling. If any mistake is found, please notice us
immediately.
Party B (sign and stamp):
Date:
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